Ann Arbor Area Community Foundation

Establish a New Fund

Establishing a named endowed fund at AAACF ensures a donor's gift will continue to grow and give forward for future generations - For good. For ever.

AAACF provides a meaningful and highly personal approach to giving. 
We can help donors establish a legacy, honor a loved one, or support a specific organization or area of interest. 

We offer a variety of different fund types to help donors achieve their personal charitable goals. 

COMMUNITY IMPACT FUNDS ($5,000)
These funds support AAACF’s strategic priorities and our work with community partners and nonprofits in identifying local needs, priorities, and opportunities for innovative solutions. The lower threshold for establishing a permanent named fund allows for broader community representation in donors who are investing in our community’s vibrancy.
 
FIELD OF INTEREST FUNDS ($25,000)
Gifts to these funds are also administered through AAACF’s grantmaking process, except donors designate a specific cause (e.g., early childhood) or a broad area of interest (e.g., arts & culture) they wish to support. AAACF then has the flexibility to award grants to local organizations and programs making a difference in that area.

AGENCY FUNDS ($50,000)
Donors can support a favorite nonprofit or community organization by creating a designated endowment for that agency, thus providing a permanent income stream.

DONOR ADVISED FUNDS ($20,000)
An attractive alternative to private foundations or a commercial gift fund, an AAACF donor advised fund provides donors with the flexibility to recommend grants to their favorite nonprofits, locally and beyond. A secure online giving portal allows donors to direct their charitable giving from one place. Donors can also leverage AAACF’s in-depth local knowledge for identifying grant opportunities to maximize impact.
 
SCHOLARSHIP FUNDS ($20,000 FOR A NAMED FUND; $100,000 FOR A NAMED FUND WITH A NAMED SCHOLARSHIP)
To help increase college access and graduation rates for students in Washtenaw County with the greatest need, the Community Scholarship Fund (CSF) will award four-year scholarships to students representing any of three criteria: youth from low-income families, youth of color, or first-generation college students. New funds will be within the CSF.
 
ADMINISTRATIVE FUNDS ($10,000)
These gifts help support AAACF operations and community leadership efforts.

 

Download the Fund Options handout.

Things to consider when establishing an endowed charitable fund at the Community Foundation:

  • The Community Foundation accepts a variety of assets.
  • When establishing a fund, donors have the opportunity to make a pledge and pay it out over time, which can facilitate reaching a fund minimum and a more meaningful gift. 
  • We can establish a new fund in your name, your family's, a business, or organization, or to honor of any person or organization you choose.
  • Tax benefits are realized in the year the gift is made.
  • Depending upon the type of fund established, donors have the opportunity to stay involved in grant decisions and the community good their gift provides.
  • AAACF's Board of Trustees distributes grants in the name of the fund.  When requested, grants can be made anonymously.
  • The Community Foundation handles all  the administrative details.
  • Gifts are placed into an endowment that is invested over time - and through investment earnings and future gifts will continue to grow.

To establish a named endowed fund at the Community Foundation, please contact Shelley Strickland.