Unrestricted Fund: Undesignated funds are granted at the discretion of the Fond du Lac Area Foundation's Board of Directors who determine where the most needs are in the community. Undesignated funds offer great flexibility in meeting existing and future community needs.
Designated Fund: Donors choose one or more specific nonprofit organizations to support
Donor Advised Fund: Donors personally recommend grants to support nonprofit organizations and projects
Field of Interest Fund: Donors support a general cause rather than a specific charity
Scholarship Fund: Donors provide post-secondary scholarships for high school graduates
Acorn Fund: Donors make an initial gift of at least $1,000 and build the fund over time (Until endowment level of $10,000 is reached)
Temporary or Non-Permanent Fund: This fund will help a donor accomplish a specific charitable objective or project that may be short-term in nature. Two examples of this type of fund would be:
a fund to accept contributions for a capital campaign or for a specific project
a fund that would provide a charitable benefit for a limited amount of time and would then be "spent down"
Supporting Organization: A supporting organization is a separate entity that is recognized for tax purposes and has its own governing body. It receives its public charity status because of its affiliation and common purpose to the community foundation.
- A $5,000 gift will establish a fund. Acorn Fund can be established for $1,000.
- Once a fund is established, any amount may be added as a gift, memorial or bequest.
- Contributions (both large and small) may be made to the Foundation at any time as a memorial or honorarium to a family member or friend.
- The Foundation staff will acknowledge all gifts and provide appropriate tax receipts. All gifts are tax deductible.