Types of Funds
We offer a wide variety of fund types to choose from
Donors can select any of our fund types to establish in their name, the name of their family or business, or in honour of any person or organization. Depending on a donor’s philanthropic interests, funds can support the most pressing needs in the community, an area of focus, or specific causes or organizations.
While most Community Foundation funds are endowed, it is also possible to create non-endowed funds in order to donate to a particular cause or charity immediately.
- Community Funds (unrestricted funds) are left to the discretion of the Foundation and constitute the core of its ability to strengthen the community by meeting emerging opportunities and addressing issues as they change over time.
- Field-of-Interest Funds allow donors to direct grants to a particular area, such as social services, the arts or the environment.
- Donor-Advised Funds are often considered the best alternative to establishing a private foundation as they allow donors to recommend which charitable organizations are to receive grants from their funds each year and in what amounts, leaving the burden of financial and administrative management of the fund to the Community Foundation.
- Designated Funds allow donors to choose specific charitable organizations that will be ongoing beneficiaries of the annual income generated by their gifts.
- Organizational Funds can be established by organizations with registered charitable status in order to benefit from the Foundation’s professional endowment management expertise.
- Impact Investing Funds help provide loans to charitable organizations, allowing the Foundation to seek out investments that provide both a financial return and a social and/or environmental benefit.
The Community Foundation has a range of vehicles for your fund beyond the traditional permanent endowment, allowing you to fulfill your charitable objectives in a way that best meets your needs.
- Endowment. The traditional staple of community foundations, permanent endowments allow donors to create a permanently-named legacy or tribute.
- Term. A term fund allows a fund’s capital to be fully disbursed after an agreed-upon time period. This vehicle may be used by donors who wish to evaluate the benefits of establishing an endowment fund.
- Spend-Down. With a spend-down fund, the capital is invested in our investment pool with the intention to grant it all out in agreed-upon intervals until the fund is fully depleted. This type of vehicle may benefit donors who currently have significant but uncommitted assets and/or are mainly interested in disbursing during their lifetimes.
- Flow-Through. A flow-through fund, while not invested in our investment pool for annual earnings, allows for immediate disbursements at a donor’s discretion.
Donors may establish a named fund or give anonymously.
Any of these funds can be established in a donor’s name, the name of their family, business or organization, or anyone they wish to honour.
All grants distributed from Foundation funds — today and in the future — are then awarded to charitable organizations in the donors’ names. It’s a great way for them to always be involved with, and remembered for, their community investment.
Funds may also be established and disbursed anonymously.