Start a Fund

Give - Start a Fund - Types of Funds

Donor Advised Funds (sample agreement)

Donor Advised Funds are established by donors who wish to participate in the grantmaking process. Individuals who establish a Donor Advised Fund recommend charitable projects or organizations they want to support. It is easy to give to multiple nonprofits through a Donor Advised Fund.

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Designated Funds (sample agreement)

Donors who wish to support a specific agency or cause can establish a designated fund. If the original charity ceases to exist, becomes obsolete or is unable to perform their charitable purposes, the Foundation Board of Directors is able to redirect the funds to an organization providing similar services without the cost of expensive legal action.

Many nonprofit organizations establish an endowment fund with us in order to grow assets to meet both current and future needs. They look to our Board for strong investment oversight services and ask our staff to manage all of the administrative details of the endowment. This can provide a relatively constant source of annual income and help maintain their mission in perpetuity. It also frees the nonprofit to focus on what they do best in the community.

Donors can create a new Designated Fund or contribute to an existing one.

Field Of Interest Funds (sample agreement)

Field Of Interest Funds are often established to support particular interest areas, specific program initiatives, causes or geographic areas. At the donor's request, use of the funds is restricted to a specific area of interest, but flexibility remains to meet changing situations.

Scholarship Funds - (sample agreement)

The creation of a Scholarship Fund is attractive to many donors and can be structured to benefit students at any educational level, or for a specific institution. A Scholarship Fund can also be established to honor a loved one.

Some donors choose to stay involved through advisory relationships, while others name advisory committees to assist in the selection of recipients. Either way, our staff will handle the necessary paperwork and will ensure that scholarships are distributed in an equitable manner.

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Unrestricted Funds (sample agreement)

When you establish an Unrestricted Community Fund, you place your trust in us and enable us to use our knowledge and expertise to make community investments in programs that address our community’s most pressing needs, respond quickly to emergencies, and facilitate innovative responses to community challenges. Your fund will support the greatest opportunities in the community as they change over the years.

Organizational (Agency) Endowment Funds

If you are a school, church, or a charitable organization with a 501(c)(3) tax status and you are committed to providing services over a long period of time, you may want to consider establishing an Organizational Endowment Fund. While an expendable organizational fund is an appropriate vehicle for a capital campaign - such as raising money for a new building - income from an Organizational Endowment Fund will provide a steady stream of funding for your nonprofit that can be used at the discretion of your board:

for special projects to be determined annually
for operational support, plain and simple.

By establishing an Agency Endowment Fund with the Peninsula Community Foundation of Virginia you are sending an important message to your public. You are demonstrating that your organization is both stable and visionary. You are planning for a future in which your nonprofit will be a larger, stronger institution, even more capable of carrying out your mission. By having an endowment fund in place, you will be able to attract larger planned gifts from donors, some of whom you may not even know.

Agency Endowment Funds FAQs

List of Current Foundation Funds

For more information on establishing a fund at the Peninsula Community Foundation of Virginia, please contact the Foundation, 757.327.0862 / E-Mail / Contact Us