Types of Funds PDF Print E-mail

The Community Foundation offers a variety of funds that can be individualized to meet your needs.

A designated fund can provide ongoing support to a favorite agency or charitable cause. If an originally designated charity ceases to exist or no longer fulfills its mission, we honor donor intent by selecting alternative nonprofit agencies providing similar services.

Donor-advised funds offer the greatest flexibility and encourage donors to play an ongoing role by recommending grants to charitable projects or organizations.

Donors who wish to support specific program initiatives, causes or geographic areas often elect to establish a field-of-interest fund. These funds are restricted to specified areas of interest, but allow for flexibility to respond to changing community needs.

An organization fund can allow a nonprofit organization to use the Community Foundation as its fiscal agent, protect its endowed monies to meet future needs, insure a relatively constant source of annual income, provide a vehicle for funds needed for particular projects, and fulfill its mission in perpetuity.

A Supporting Organization is an excellent alternative to a private foundation – with only a fraction of the administrative responsibilities. The private foundation’s family or trustees select some of the board members, maintain personal involvement, and support the causes they care about most while enjoying the favorable tax treatment of a public charity. Investment management, startup costs, grant administration, and reporting becomes the responsibility of the Community Foundation.

The Board of Directors allocates unrestricted funds for critical projects in Indian River County through a grant process.
 
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Indian River Community Foundation | P.O. Box 643968 | Vero Beach, FL 32964-3968 | 772-492-1407