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Funds you can establish at the Princeton Area Community Foundation
The first step in gift planning is to select the type of fund that best meets your needs in order for you to receive the maximum impact with your gift. Then choose a percentage of your fund to be distributed annually based on your giving priorities. You may name the fund whatever you wish. It can carry your family name as a permanent memorial or it can be anonymous. For more information about how these funds are used to make grants, please refer to the Community Foundation donor handbook. Community Grantmaking Fund When you create a community grantmaking fund, you enable the Community Foundation to respond to requests from nonprofit organizations, or address emerging needs and changing community priorities. The Community Foundation uses these funds to tackle projects that will have the greatest impact, now and in the future. Field of Interest Fund A field of interest fund supports organizations in a general area of charitable interest. They include funds that support health, social services, the arts, environment, education or a geographical area. These funds give the foundation grantmaking discretion within the specified area of interest. Current Community Foundation field-of-interest funds include The Fund for Women and Girls and the Princeton Youth Fund. Geographic Fund You can establish a fund restricted to grant making in a specific community or geographic region. Geographic funds become a source of charitable capital that help strengthen a specific community for generations to come. Current Geographic Funds include The Trenton Fund. Designated Fund One or more nonprofit organizations or public agencies identified by you can benefit through a designated fund. Your designation will be honored through the years. Creating a designated fund allows you to continue your annual gift to an organization after your lifetime. In the event that an organization ceases to exist or to deliver the services you wish to support, Community Foundation will apply the funds to purposes which closely parallel those you originally intended. Donor Advised Fund You may continue to be actively involved in the distribution of your gifts by establishing a donor-advised fund. When you establish a donor advised fund with the Community Foundation, you reserve the right to make grant recommendations to support charitable organizations and activities that interest you. The donor advised fund is especially useful if you want to take a charitable deduction one year and make distributions over several years, or if you wish to involve family members in your ongoing charitable giving. Establishing an endowment fund at the Community Foundation, helps nonprofit organizations stabilize and secure the future of their services. A nonprofit's endowment provides financial benefits for the organization, such as support of the services they deliver, subsidy of its annual operations and long term stability. Scholarship Fund Scholarship funds are established by donors who want to accomplish specific educational objectives, support schools and universities with which they are affiliated, or underwrite educational opportunities for students. This fund can support a wide variety of educational needs and honor a family member, educational leader or friend. The Community Foundation General Operating Fund Creating an operating fund supports the Community Foundation's continuing work and helps make charitable giving education available to nonprofits, donors and professional advisors. Supporting Organization This is an attractive alternative to funding a private foundation because it offers superior tax benefits. While the Community Foundation appoints most of the Board members, the donor can serve and appoint others, name the fund, propose grants and review requests.
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