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Types of Funds PDF Print E-mail

The Springfield Foundation helps donors focus on the rewards of giving, not administrative details. As a community foundation, we are uniquely flexible in helping philanthropists meet their personal goals. Any Springfield Foundation fund can be used to make grants anonymously or with full acknowledgment.

There are many flexible ways to support your client's interests. How involved does your client want to be in grant making? Does your client want to give to a specific organization or a specific area of interest? Launch a scholarship to honor or memorialize a loved one? Only make grants to Clark County and/or fund nationally or internationally? Create or continue a business giving program? Whatever your client's giving goals, there is a fund option.

Great giving options. Choose the one that’s right for your client.

Unrestricted Funds
Meeting ever-changing community needs.
When you establish an Unrestricted Fund, your gift can address a broad range of local needs — including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your unrestricted gift enables your community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.

Field of Interest Funds
Connecting personal values to high-impact opportunities.
By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life - Arts, Aging, or At-risk youth. You identify your personal interest area when making your gift; our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area — even as they change over time.

Designated Funds
Helping local organizations sustain and grow.
Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization — a senior center, museum, or virtually any nonprofit charitable organization. Because it’s given through your community foundation, your gift provides the organization you select not only funding, but planned giving and investment management services and the power of endowment.

Donor Advised Funds
A personal approach to giving.
Establishing a Donor Advised Fund allows you to make a gift to your community foundation, then remain actively involved in suggesting uses for your gift. You can work with the community foundation’s professional program staff to suggest ongoing uses for the fund — targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving.

Scholarships
Investing in deserving students.
In creating a Scholarship, you invest in your community’s future and show students you care. Your community foundation provides the expertise to help you meet your personal goals and awards Scholarships to deserving students. Your gift can help students — from preschool to postgraduate — achieve their lifetime dreams.

Agency Funds
Endowing your nonprofit organization.
Nonprofit organizations can also establish a Designated Fund or agency endowment at the community foundation. It’s a simple and efficient way to build an endowment — and help create sustainability — for your nonprofit organization. The community foundation’s experienced staff can also help your organization develop planned giving programs and assist with investment management and administrative details.

Supporting Organizations
High impact, high involvement, low hassle.
A Supporting Organization is an excellent alternative to a private foundation — with only a fraction of the administrative responsibilities. You select some of the board members, maintain personal involvement, and support the causes you care about most while enjoying the favorable tax treatment of a public charity. Leave investment management, startup costs, grant administration, and reporting to your community foundation.

 
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Springfield Foundation   4 West Main St., Suite 825 Springfield, Ohio 45502
Phone: (937) 324-8773  Fax: (937) 324-1836  Email: info@springfieldfoundation.org

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