Field of Interest Endowment Funds

Is there an issue that moves you? A passion that consumes you? Consider creating a Field of Interest Endowment to focus your giving on a specific area and put the income from your fund toward that endeavor forever. A Field of Interest Endowment allows you to target your gift to address the needs in a specific area of community life.

You identify the area of focus—the arts, at-risk youth, aging, education, the environment, etc.—and then you entrust the Community Foundation with the responsibility of choosing the best grantees and partners over time while advancing your area of interest. Thus, your gift is targeted to areas that interest you, but it is flexible enough to meet changing community needs.

Benefits of a Field of Interest Endowment include:

·         Your giving may be magnified by the collective power of other donors who share your area of interest, allowing the Community Foundation to leverage its impact

·         With an endowed fund, you are creating a permanent, named charitable legacy

·         Your fund will be invested in the Community Foundation’s investment pool with a mind for maintaining long term purchasing power, minimizing fund costs and improving efficiency; the fund will provide annual grantmaking resources

·         The Community Foundation’s staff and Board of Directors are at the forefront of addressing community needs through thoughtful, well-researched local initiatives

·         All necessary administrative and record-keeping services are handled by the Community Foundation

·         You can take an immediate tax deduction on your initial contribution and you (and other community members) may make additional tax-deductible contributions any time