If I prefer to create a fund,
what options are available?
 

As a donor, a host of options are available to help you realize your philanthropic goals – and the future philanthropic goals of your family. Your fund can be as general or as specific as you like. Whether you want to focus your contributions on a specific charity or would rather help several causes, the community foundation has a fund to meet your needs. You can name your fund after yourself, your spouse, a family member or a company. It’s even possible to give anonymously – the Foundation will simply act on your behalf.

Creating a fund is easy and the Executive Director of the Huntington County Community Foundation is available to guide you through every step of the process. The size of your fund, whether large or small, doesn’t matter. Funds are combined and invested for the best possible investment return.

Unrestricted – To make a lasting impact on your community, consider an unrestricted endowment fund. With a watchful eye on the community, the Foundation grants funds to a range of charitable organizations. This fund is also ideal for those who wish to create a perpetual named fund to honor or memorialize an individual, family or business. An unrestricted fund can be named for a person or a cause, allowing others to contribute to it.

Donor Advised – For donors who want to remain active in the giving process, there are donor-advised funds. As a donor, you reserve the right to make grant recommendations to specific charitable organizations that have meaning for you. The flexibility of this fund allows you to vary charitable contributions from year to year, and encourages philanthropy of future generations.

Scholarship – Many find no greater reward exists than bridging the gap between a deserving student and his or her education. Scholarship funds can be established with broad criteria (available to students in a geographic region), or more specific criteria (available only to students from a particular school, subject area or achievement level). Scholarships can be named for an individual, family or organization and are a thoughtful way to memorialize a friend or loved one.

Designated – A designated fund is established for donors who want to contribute to one or more charitable organizations. This fund is a good option for individuals, businesses or families who want to create a perpetual fund that will reflect their values for years to come. The Foundation conducts reviews of designated fund charities to assure that the resources are used as the donor intended.

Field of Interest – By establishing a field of interest fund, you can show your support for organizations that focus on issues that concern you – like the arts, education, environment or social services. Those who share your concerns can also contribute to your fund. The Foundation will distribute grants with your specific interests in mind.