For Professional Advisors

Types of Funds:

• Donor Advised Funds—allow donors to recommend grants from the funds they have established.



• Unrestricted Funds—provide discretionary income to respond quickly to pressing needs in our community.



• Field of Interest Funds—are directed to specific areas of need that have special meaning to the donor, such as children’s programs, arts education, the environment, aiding the homeless, etc.



• Scholarship Funds—help deserving young people and adults reach their dreams of higher education.



• Restricted Funds—provide perpetual support to specific charities that donors care about the most.


Donors receive the most advantageous tax incentives for donating to a community foundation as a community foundation is classified as a public charity by the Internal Revenue Service. Therefore, the higher annual deduction limits and favorable valuation methods are available.