Create a Legacy: Establishing a Fund
Types of Funds
The following types of funds, that are given a name and a purpose, can be established by a donor in the Foundation:
Advised Fund – Grants are awarded to organizations that are recommended by the donor. These funds may be more favorable than starting a private foundation.
Field of Interest Fund – Grants are awarded in a particular charitable area specified by the donor.
Designated Fund – The donor indicates one or more agencies or organizations to which grants are awarded.
Unrestricted Fund – The Board is given full discretion in awarding grants based on the Foundation's priorities. These priorities may change over time.
Supporting Foundations – A private foundation may wish to become a part of The Catholic Community Foundation.
Agency Endowed Fund – Agencies, such as parishes, schools or other Catholic organizations are able to incorporate their funds, most typically their endowments, into the Foundation while still maintaining ownership. They benefit from investment management and administrative services provided by the Foundation.
Building the Faith General Fund – An unrestricted fund for charitable purposes and/or the administration of the Foundation as the Foundation's Board, in its discretion, may determine.
Directors Legacies of Faith Fund – An unrestricted fund established by the Board of Directors for charitable purposes and/or the administration of the Foundation as the Foundation's Board, in its discretion, may determine.
The Mission Fund – A designated fund to provide support to lay missionaries.
How to choose a fund
Giving in Action
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Types of Funds
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