Establishing a fund at the Community Foundation is an easy way to invest in the causes that are important to you
It’s easy to get started! Our knowledgeable staff can help you determine the type of fund best suited to your charitable goals. When you open a fund with the Community Foundation, you create an easy, effective and powerful way to impact our area – now and for generations to come. Here are some of the types of funds you can establish:
Unrestricted Community Funds
Unrestricted gifts to our Community Fund allow the Foundation to respond to our community’s immediate and future needs. With these funds we are able to quickly address emergencies and facilitate innovative responses to community challenges through a competitive grant process. The Community Fund addresses a broad range of local needs — including future needs that often cannot be anticipated at the time a donor makes a gift. Donors can create separate named Community Funds or add to the general Community Fund in any amount.
Field of Interest Funds
When you establish a Field-of-Interest Fund you focus your giving on an area of interest such as education, the environment or a specific geographic area. These funds ensure that your gift stays flexible enough to meet changing community needs and takes advantage of new opportunities to make a difference in your interest area now and in the future.
Donor Advised Funds
Donor Advised Funds allow individuals, families and businesses to be part of the work of the Community Foundation, while also supporting their favorite charities and organizations in and out of the Birmingham area. You can choose whether or not to endow and invest the fund, offering both immediate and long-term benefits for your charitable giving.
Community Catalyst Funds
Community Catalyst Funds are philanthropic venture funds that allow the Community Foundation and its donors to do big things to transform the greater Birmingham community. Donors may establish a Community Catalyst Fund with a minimum gift of $50,000.
Learn more about our Catalyst Fund projects…
Designated Funds are established for the benefit of a particular nonprofit, educational or religious institution and give the Community Foundation variance power to redirect the perpetual support if an organization changes direction or no longer exists.
Agency Endowment Funds
These funds allow individual nonprofit organizations to start and build an endowment, using the professional services of the Community Foundation.
A scholarship fund can help to make the dream of higher education possible, either by supporting students at a particular school or school system or by giving broadly to support students across the Community Foundation’s service area. Scholarship funds may be opened with a minimum of $50,000.
If you are a student looking for an opportunity to obtain scholarship support from the Community Foundation, visit our Scholarships Page for more information.
To learn more about the best type of fund for your needs, contact: