Types of FUNDS

The Community Foundation of NCW has several types of funds to make your charitable giving easy and fulfilling. Whether you're a nonprofit agency looking to partner around investment management, or a donor seeking to  support your favorite charities, we will help you establish a fund that matches your interests.

  • Legacy Funds

    Supporting Your Local Community

    Legacy Funds are charitable funds that are restricted to supporting charitable causes within a specific geographic area in North Central Washington. They have been established by donors who left legacies through their will or estate and by living donors, all of whom wish to ensure their community continues to thrive today and beyond their lifetime. Legacy Funds provide annual grant funding to qualified nonprofits in their geographic region who are meeting community needs. A gift to a Legacy Fund will help build the endowment and increase the grant award allotment each year. 

  • Donor Advised Fund

    For flexible giving to various organizations

    Donor Advised Fund is like having your own foundation. This fund allows you (or a designee) to make grant requests to any qualified charitable cause, any time. Beyond your lifetime, your children (or beneficiaries you determine) can continue to make grants from the fund or you may select charities to receive the remainder. If you give $5,000 or more a year to various charitable causes, or like to support needs that arise in your community and beyond, this fund is for you! 

  • Scholarship Fund

    For helping students achieve their dreams of education

    Establishing a Scholarship Fund may be one of the most rewarding giving experiences. Each year, we receive thousands of applications for our scholarships from students who are in need of financial assistance to attend college, university, or trade school. Whether you want to support students in a specific area, or heading to your alma mater, or giving someone a second chance – starting a scholarship fund gives you an opportunity to significantly and directly impact someone’s life. Awarded annually, a scholarship committee selects recipient(s) based on the criteria you set. Your participation in selection is optional. 

  • Designated Fund

    For people who give to the same charities annually

    Donors who want to financially support one or more specific charitable organizations on an annual basis usually choose to establish a Designated Fund. You select the charities you want to support and they receive the gift each year in your fund's name, forever! This allows ongoing giving to the programs you are  passionate about supporting during your lifetime and beyond. 

  • Agency Fund

    For nonprofit agencies 

    Established by any nonprofit organization, an Agency Endowment or Agency Advised Fund protects the principal of the fund and disburses annual income to an organization while allowing the funds to be professionally managed and invested for growth. Pooling resources in this way is a joint benefit for growing the financial resources to protect and  enhance our communities while taking the burden of investment management off of the organization. 

  • Field of Interest Fund

    For giving in a specific field you love to support

    Do you love to support the arts? Education? The environment? A field of interest fund allows your contribution to support the many organizations that are working to improve and enhance a particular area of interest, but leaves the selection of the grant recipients to the foundation. With over 35 years of working with regional charitable programs, your community foundation understands the needs of the community and who is doing great work to meet those needs. When you establish a field of interest fund, you are recognized for supporting a variety of organizations within your area of interest. 

  • Charitable Remainder Trust

    For an income stream for life

    Charitable Remainder Trust is a separate legal entity that accepts a charitable gift and provides income back to a beneficiary for life or a set term of years. The Trust can be established with any asset, but highly appreciated assets such as investment real estate or low basis stocks provide maximum tax benefits. Best of all, any remaining funds after your lifetime will become an annual gift to one or more of your favorite charities.

Interested in Opening a Fund?

Send us a quick email with any questions you have and one of our staff will get back to you!

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GIVING MENU

“We support a number of charitable organizations through the foundation. By gifting shares of appreciated stock to one place, we can easily designate where we want our gifts to go.” -Earl and Barbara Tilly

Earl & Barbara Tilly

“We support a number of charitable organizations through the foundation. By gifting shares of appreciated stock to one place, we can easily designate where we want our gifts to go.” 

YOUR GIFT AT WORK

Cruz.Xitlali

Xitlali Cruz

SCHOLARSHIP RECIPIENT

I am currently pursuing a degree in Mechanical Engineering with a minor in Computer Science at Stanford. Since the beginning of my freshman year I have been involved with clubs such as Stanford’s Space Initiative (SSI) and the Society of Latinx Engineers (SOLE). In SSI I built a rocket and launched it.

ThomasSmith

Aero Methow Rescue Service

GRANT RECIPIENT

Due to being rural, remote, and geographically isolated, we must be prepared to do more than respond to emergencies. We have become a healthcare partner who fills gaps in service. The grant allowed our board the time and ability to work with a Strategic Planner to modify our plan to address those gaps.

2019RIGOutreach-RosieYardSigns-Crop

Chelan Douglas Volunteer Attorney Services

GRANT RECIPIENT

The grant provided funds to hire a Housing Justice and Outreach Coordinator to visit rural and underserved areas. Rosie’s bilingual and bicultural skills and experience have increased equity of service. Rosie is building partnerships with local organizations through events such as the Columbia Valley Community Health’s Back to School Drive, as well as posting yard signs.

Tenoch Mandujano

Tenoch Mandujano

Scholarship Recipient

My father was a migrant agricultural worker who eventually started his own cherry and apple orchard. He told me if I wanted to live a better life, I had to get an education. I plan on starting a career with the Chelan PUD with a passion for renewable energy and in turn give back to my parents and community for supporting my dreams.

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ASSETS UNDER MANAGEMENT

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CHARITABLE FUNDS

FOUNDATION FACTS

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