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.
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
A 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!
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.
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.
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!