The Community Foundation holds a variety of funds that anyone can give any amount to support their favorite cause. We call these funds Community Funds or Area of Interest Funds.
These are endowed funds that will continue to grow and give back to the area of interest forever. When we establish a fund like this we allocate 75% of each donation to be endowed, (principal is not spent but invested for the long-term and only part of the earnings is available for grants each year). The other 25% is made available for grants the first of each year from donations made the previous years). This allows part of the money to go to address current needs and the majority of the money to build and give back to the community FOREVER.
Field of Interest Funds are often established to support particular interest areas, specific program, initiatives, causes or geographic areas. At a door’s request use of the funds are restricted to a specified area of interest, but flexibility remains to meet changing situations. The board of directors has the responsibility of identifying each year where grant funds will be directed.
Donors choose these funds to support a particular area of concern, such as the arts, health or social services. These funds provide grants for specific types of programs without restricting the grants to a single organization or agency. Field of interest funds at the Community Foundation benefit a variety areas.
In 2017 we set a goal to begin building additional funds. Some of the funds listed have a zero starting donation accrued amount, meaning they were just created. Now, you can be one of the founders of these funds for a $100 donation. Everyone helping us build the first $100,000 for each fund with a $100 gift will become a Founder of that Fund and will always be remembered as such.