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| Home > Donor Services |
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| Start a Fund |
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Donors who wish to leave a legacy and become more actively involved in charitable decisions may choose to start a fund within the Initiative Foundation. For many of our donors, starting a fund is a rewarding experience that brings families closer together and honors a family name, departed loved one or valued business. Many donors and their families enjoy working with the foundation to decide exactly how their gift is spent, and then seeing the life-changing results firsthand.
Your fund will be established as a permanent, tax-deductible gift to the Initiative Foundation that will bear the name and purpose of your choice. Every fund is an endowment, which means that your gift will be professionally invested with only the annual earnings available for distribution. This ensures that your gift will benefit people today and for generations to come.
As a service to our donors, the foundation permanently hosts and manages the assets of the fund types described below. Our funds are true partnerships. We not only provide leadership training, financial reporting and marketing services, but we will also help you find worthy projects that match your interests. See our Charitable Funds page for a list of current funds.
Agency Funds
Formed by nonprofit organizations for investment or management purposes. Earnings benefit the organization or its programs.
Community Funds
Formed by citizen volunteers to provide broad, charitable benefits and donor services to a local area without establishing a separate foundation.
Corporate Giving Funds
Formed by businesses to streamline community giving programs. Companies set priorities and employee teams work with the foundation to make grant recommendations.
Donor-Advised Funds
Formed by individuals, families and businesses. Donors set priorities and work closely with the foundation to make grant recommendations.
Field of Interest Funds
Formed by individuals, families and businesses to support specific charitable causes or geographic areas (e.g., the Family Farm Fund). The foundation awards grants based on the donor’s priorities.
Memorial Funds
Formed to honor a departed loved one. May include contributions from several donors. Donors set priorities and work closely with the foundation to make grant recommendations.
Revolving Loan Funds
Formed by economic development organizations to provide supplementary business financing and create quality jobs. Repaid loans return to the lending pool. The foundation administers the funds and reviews applications.
Scholarship Funds
Formed to assist students with higher education costs. Scholarships may benefit a specific area of study, educational institution and/or type of student.
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