Fund Types

Permanent - A fund whereby the initial gift and subsequent gifts are generally never spent, and a portion of the fund supports the charitable purpose defined by the fund's founding donor.

Pass Through - A fund where all gifts as well as the investment return are used for the charitable intent.

PERMANENT AND PASS THROUGH FUNDS FALL INTO THESE CATEGORIES:

Community Impact Fund - A gift to establish a Community Impact Fund helps meet the changing needs of Adams County, now and in the future. Community Impact Funds broadly support the well-being and vitality of Adams County and its residents, and are distributed to qualified organizations seeking support through the Foundation's Community Grantmaking Program. When you establish a Community Impact Fund, you leave decisions about the use of your gift to the Foundation, relying on the Foundation's extensive experience and reach within the community to know which needs are most pressing.

Designated Fund - Donors with strong ties to one more particular nonprofit organizations may want to establish a Designated Fund. With a Designated Fund, you "designate" one or more specific charitable organizations that your fund will support during and beyond your lifetime. You may even designate specific aspects of the organization to support, such as operations, research or a specific program that inspires you. The Foundation actively monitors all of its grantees. If the beneficiary organization ceases to exist, loses its tax-exempt status or changes its mission, your gift is redirected to support an organization with a similar mission.

Field of Interest Fund - Donors who feel strongly about a specific cause or a particular geographical area but do not wish to take an active role in grantmaking may want to establish a Field of Interest Fund. This type of fund allows you to identify and support a general charitable purpose (i.e. economic opportunity, strong and connected neighborhoods, helping families with disabled children, etc.), a category of interest (i.e., arts, education, human services, etc.), and/or a specific geographic area that you feel passionate about supporting (i.e., recreation programs in your community, general support for charitable projects in a specific town, etc.). Your goal is to support a specific charitable activity or outcome, though not necessarily a specific charitable organization.

Donor Advised Fund - Donors who want a more active role in grantmaking can establish a Donor Advised Fund. This allows you to recommend charitable organizations to receive grants from your fund. Adams County Community Foundation helps you by verifying the charitable status and mission of the organizations and identifying organizations you may want to support. Other family members can also be named as successor advisors, which enables your loved ones to carry on family philanthropy.

Scholarship Fund - These funds allow a donor to provide financial assistance for academic need. Scholarships may be directed to a particular school of higher learning, field of learning, career, or student qualification.

Nonprofit Endowment Fund - Nonprofit organizations can also establish Endowment Funds at Adams County Community Foundation. With an Endowment Fund, the nonprofit organization is the designated charitable recipient of distributions from the fund. Establishing an Endowment Fund is a simple and efficient way to build and secure endowment for the future. The larger an organization’s endowment, the less it has to devote current gifts or other assets to budgeted items.

For more information e-mail Barbara Ernico or call 717-337-0060.