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.
Find the fund that works for your charitable interest
Allow you to contribute assets to your fund at any time and then recommend grants to support charitable groups of your choice. They are a flexible, personalized way to support nonprofit groups in the Central Susquehanna Valley or a more narrowly defined area, elsewhere in the U.S., or anywhere in the world.
General Charitable Purpose Funds
An option for donors who want to support the Foundation’s focus areas identified by CSCF’s board of trustees for its discretionary grants. This gives the Foundation the greatest latitude over the years in how to direct grants, based on its assessment of changing community needs.
Field of Interest Funds
A way to provide support to organizations that work on issues that you specify. Once you determine the issue(s) you want to support, CSCF program staff identifies suitable grant recipients for your client’s approval. If you wish, you may decide to provide support in the Central Susquehanna region, a particular locality, or elsewhere. If you choose, you may recommend grants to specific groups in the area(s) you have identified.
Designed for donors who are interested in helping students attend high school, college, university, or vocational school using criteria of your choice. The fund can support students, for example, who are studying a particular subject, attending a specific school, or graduating from a specific school.
Ideal for donors who want to support one or more specific charitable organizations, either a school or nonprofit group. Nonprofit groups can also establish this kind of fund as part of their organization’s own fundraising strategy (see agency endowment below).
Community Involvement Funds
Established at CSCF by groups that want to undertake broad-based community fundraising to support their work. These funds require extra administrative support beyond that typically given to the other kinds of funds at the Foundation, so we would need to have a discussion with you about your plans.
Agency EndowmentsPermanently restricted funds for the benefit of a designated not for profit organization. An agency endowment may be created by the organization or may be a designated fund created by a loyal donor.
Provide a lsting 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 a Memorial Fund 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.
*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.