WIth over $43 million in assets, the Springfield Foundation is comprised of more than 250 individual charitable funds – each with a purpose that mirrors a donor or family's particular philanthropic goals.

While there are as many different kinds of funds at the Springfield Foundation as there are donors, most of our funds fall within four main categories:

» Endowment Funds are the best vehicle for long-term benefit to the community. Each requires a minimum initial endowment, and you can choose from the various kinds of endowed funds according to how involved you want to be in grantmaking, whether you want to target a specific need or area of interest, or a particular community organization. Endowed funds include Unrestricted Funds, Field of Interest, Designated Funds, Donor Advised Funds, and Scholarships.

» Horizon Funds allow you to donate even small amounts as you build your fund to the $10,000 Endowment Fund level. Horizon Funds are not subject to administrative fees, or market gains or losses. Once the Endowment Fund level is reached, you can choose the type of permanent Endowment Fund you prefer.

» Charitable Checking Accounts are perfect for streamlining your annual giving. This non-endowed, donor advised fund allows you to contribute assets to your fund at any time and then recommend grants to support nonprofit organizations of your choice.

» Supporting Organizations are separate, nonprofit corporations that operate under the community foundation's charitable umbrella. Through its own board (on which you may choose to serve), a supporting organization determines its own investment strategy and grant priorities. Supporting organizations are another great alternative to private foundations.

» Agency Endowment Funds are created by local nonprofit organizations that wish to take advantage of the Springfield Foundation's financial management and administrative resources, including advice on increasing endowments through planned giving. These endowments provide an ongoing source of income for operations and programs.

For a comparison of various funds, download our Comparative Chart of Funds PDF.

If you have any questions or need assistance, please contact , at (937) 324-8773.