The Community Foundation offers a variety of different fund types to help your clients achieve their charitable goals. Donors can often realize a number of different charitable goals with one meaningful gift - by establishing a number of different funds and/or contributing to existing AAACF Named Funds.
UNRESTRICTED 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
Things to consider when helping your client establish an endowed fund at the Community Foundation:
- We can establish a new fund in any name your client chooses - to honor an individual, family, business, organization, or a loved one.
- Tax benefits are realized in the year the gift is made.
- Depending upon the type of fund established, your clients have the opportunity to stay involved in grant decisions.
- Grants are distributed in the name of the fund, or can be made anonymously at the donor's request.
- The Community Foundation handles all the administrative details.
- Your client's endowed gift will be invested over time - to grow and be available to honor your client's charitable intentions - For good. For ever.
AAACF's service fees vary depending upon the type of Fund established and the Fund's balance.
Download the Fund Service Fees and Establishing Requirements
For more information or to establish a named endowed fund at the Community Foundation, please contact Vice President for Development Shelley Strickland.