Types of Funds
Establishing your own named, endowed fund with the Central Susuqehanna Community Foundation is a very easy process. Often, only one meeting is required to establish a fund. Personal, named funds can be established for as little as $10,000*. Funds can be added to at anytime. Gifts now or planned gifts or bequests can be used to create a named fund for a variety of fund options.
What fund works for your charitable interest?
UNRESTRICTED (GENERAL CHARITABLE PURPOSE) FUNDS
These funds are typically created by donors with broad charitable interests. They offer current and future trustees of the Foundation maximum flexibility to respond to the changing needs of the community, emergencies, and support innovative responses to community problems, giving the Foundation the discretion on the use of available grant dollars.
DONOR ADVISED FUNDS
These funds are a flexible, personalized way for donors to support nonprofit organizations in the Central Susquehanna region. They allow donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.
FIELD OF INTEREST FUNDS
These funds support a broad area of charitable interest, such as the environment, the arts, or education. Once the donor determines the issue(s) to support, the Foundation awards grants to charitable programs within the field of interest and has the flexibility to respond to changing opportunities within that field. Donors may decide to provide support in the region, a particular locale, or elsewhere.
These funds are designed for donors who are interested in supporting students within the community who attend qualified educational institutions. Guidelines for candidate selection and award can be determined by the donor, including the class and nature of the award (field, school, class of student, etc.).
These funds are normally created to perpetually benefit one or more specific charitable organizations. Grants will be made in the name of the fund so long as the organization remains charitable, in operation and is consistent with its original purpose. Nonprofit groups can also establisht this kind of fund as part of their organization's own fundraising strategy (see "agency endowment" below).
AGENCY ENDOWMENT FUNDS
These funds are restricted funds for the benefit of a designated 501(c)(3) nonprofit organization or government entity. An agency endowment fund may be created by the organization or a donor in partnership with the organization.
Provide a lasting tribute and permanent legacy in honor of a loved one. Any type of fund listed above can be used as a memorial fund. Family and friends can actively participate in establishing these funds through memorial contributions. Additional contributions to funds can be made at any time. Memorial contributions can also be accepted for any existing fund within the Foundation.
These funds are planned gifts that ensure causes close to your heart benefit in perpetuity after you are gone. Learn more about planned giving and legacy planning here.
*Named funds can be started for less than the minimum amount with a plan to contribute for up to 5 years until the fund reaches the minimum amount. The fund is able to make a payout grant when it reaches the minimum amount. (If the fund does not reach the minimum amount in a 5-year period, the fund’s assets may be added to the Foundation’s General Charitable Purpose Fund.)
For More Information
M. Holly Morrison, D.Ed.
President and CEO
570.752.3930, press 3
Kara G. Seesholtz
Chief Advancement Officer
570.752.3930, press 4
Planned giving can be an important component of your estate plan. The information on this site is not intended as legal, tax or investment advice. Please consult an attorney, tax professional, or investment professional.
All contributions are administered through the Central Susquehanna Community Foundation, a 501 (c)(3) organization, and are tax deductible to the extent provided by law. IRS regulations require us to state that no goods or services were provided in consideration for your gift and the Central Susquehanna Community Foundation has exclusive legal control over the contributed assets. The official registration and financial information of the Central Susquehanna Community Foundation may be obtained from the PA Dept. of State by calling toll free, within PA, 1-800-732-0999. Registration does not imply endorsement.