- Donor Stories:
- In their own words.
- Nonprofit Stories:
- What we did with the Foundation’s help.
Types of Funds
For Additional Information Contact
Phone: 330-454-3426
Funds that accomplish Donor Goals
Stark Community Foundation offers a variety of funds designed to achieve individual donor goals. What is a fund? What do all funds have in common? Funds established after December 18, 2003, require a minimum endowment base of $25,000. (*Please see Future Funds if you would prefer to begin with less than $25,000) Fund Types General Purpose Fund The General Purpose Fund accepts gifts from donors who want the Board of Directors to use their discretion to make charitable grants to nonprofits that meet the changing needs of our community. Field of Interest Funds Field of Interest Funds require the Board of Directors to make charitable grants to nonprofit agencies within a broad area defined by the donor. Examples of broad grantmaking areas include: youth, medical needs, and the environment. Donor Advised Funds Donor Advised Funds give donors the privilege of recommending grants to the Board for organizations and causes that they wish to support with their philanthropy. Designated Funds Designated Funds use income to support one or more specific organizations which the donor has named in a fund agreement, trust, or will. Scholarship Funds Scholarship Funds establish a selection committee to review applications and recommend awards to help with college or continuing education. Agency Endowments Agency Endowments income is disbursed to the establishing nonprofit agency. Future Funds Future Funds offer donors who would like to have a fund at the Foundation, but prefer to begin with less than $25,000, the option to establish an account which will grow to a permanent fund over a period of time. Supporting Organizations Supporting Organizations offer donors many advantages of a private foundation with favorable tax treatment and with less administrative cost. |
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