Open a Fund Find a Fund that Works for You

downtown-sunset

The Community Foundation offers a range of charitable funds, allowing you to choose the vehicle best suited to you and your philanthropic goals. With all of our funds, we handle the due diligence, issue the checks, and provide as much – or as little – staff assistance as you need.

Unrestricted Funds:

These funds provide the greatest flexibility to The Foundation in its goal of responding to disparate and unforeseen needs. Income from these funds is used to award competitive grants in the areas of human services, health, the arts, education, the environment and conservation, the needs of the elderly, and many others. The Foundation grants committee, comprised of board and community members, reviews applicant proposals, and recommends funding. 

Field of Interest Fund

Field of interest funds support areas of special concern to the donors. Donors can request The Foundation to award grants within defined spheres of interest such as the arts, education, the environment, historic preservation or health. 

Agency Endowment

Agency Endowment Funds are established by nonprofit organizations to provide perpetual income to them. The Foundation handles all administrative and investment, responsibilities, freeing the organization to pursue its charitable mission.

Designated Fund

With designated funds, you identify one or more qualified nonprofits or projects as beneficiaries when you create the fund. Your gift can address either immediate or long-term needs, and we will handle all the asset management and disbursements.

Donor-Advised Fund

Donor-advised funds offer maximum flexibility for granting with immediate tax benefits. Fund holders retain the ability to recommend grants to qualified charities in the U.S. or abroad, whenever they wish. We take care of tracking grantees, processing payments, and reporting. All of the joy of giving with none of the administration–what could be better? You maintain ongoing advisory involvement and can also name children, or anyone else, as additional or successor advisors to your fund. 

If you are interested in setting up a fund please reach out click on the Open a Fund link above and we will get you started,  or call 406.926.2846 

Once you reach age 72 (70½ if you turned 70½ before Jan 1, 2020), you are required to take annual Required Minimum Distributions (RMDs) from your retirement accounts. But account holders aged 70½ or older who make a contribution directly from a traditional IRA to a qualified charity can donate up to $100,000 without it being considered a taxable distribution. The deduction effectively lowers your adjusted gross income (AGI).