What are the types of Funds?

Designated Funds

Donors who wish to support a specific agency or cause can establish a Designated Fund, or contribute to an existing one. If the original charity ceases to exist, becomes obsolete or is unable to perform their charitable purposes, our Board of Trustees is able to redirect the funds to an organization providing similar services without the cost of expensive legal action.

Donor Advised Funds

Donor Advised Funds allow donors to recommend charitable grants at any time, with no mandatory annual payout rate. Easy and flexible, these Funds have no legal costs and no annual tax returns. Donors receive maximum tax benefits for their giving to the Funds due to the Barrow Community Foundation’s status as a public charity and can access learning opportunities, online tools and expert staff.

Field of Interest Funds

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 specified area of interest, but flexibility remains to meet changing situations.

Scholarships

Scholarships provide opportunities for local students to pursue higher education while giving families a powerful way to honor a loved one or establish a legacy.  Donors may designate certain eligibility criteria and may participate in the selection of recipients as part of the Scholarship Committee, if desired.

Which Fund is right for you?

Our staff is eager to discuss these options with you and help you select one that matches your giving needs.

Establish a Fund in your name.

Any of these Funds can be established in your name, organization’s name, or anyone you wish to honor. Be remembered for your community investment and continue making an impact forever!