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The Community Foundation of Boone County offers a variety of funds. A minimum gift of $5,000 is needed for the fund to be established. Click here to view the types of gifts the community foundation accepts.
Unrestricted Named Funds are gifts given for the foundation to use at their discretion. Unrestricted funds give the Foundation the ultimate flexibility in fulfilling its mission through addressing the community’s most pressing needs at the time the gift is made, while still allowing a donor to leave a legacy.
Designated Funds allow for simplicity of choosing specific organizations that your fund will support. If you have defined giving goals, this option will permanently support the nonprofits you determine when establishing your fund.
Field of Interest Funds provide the advantage of choosing a field of charitable work that you care about, without determining a specific nonprofit to support. For instance, your field of interest may be to support literacy programs in your hometown or to support animal rescue groups. This option helps to focus the mission of your giving, without limiting the specific organizations you can support.
Donor Advised Funds offer you the most flexibility in the direction of each grant from your fund. You may decide to give to causes related to health and education today, and choose to support efforts for disaster recovery and social welfare tomorrow. No matter what causes ignite your passion, you can support them all from your donor advised fund.
Scholarship Funds help deserving young people and adults reach their dreams of higher education and are one of the most common ways of honoring or memorializing an individual.
To learn more about how you can open a fund, please contact us.