Agency Endowment Funds
Nonprofit agencies may create endowment funds for the benefit of the agency itself and receive grant distributions annually in perpetuity
May be established with a minimum gift of $10,000.
Designated Endowment Funds
Donors may create a designated endowment fund for specific nonprofit or religious organizations, which will receive annual grant distributions from the fund in perpetuity.
May be established with a minimum gift of $25,000.
Field of Interest Endowment Funds
Donors may create endowment funds from which grants are to be made within broadly defined categories of interest (such as the arts, education, the environment, etc.)
The Foundation's Board of Directors and professional staff develop strategies and award grants to achieve maximum effect within the donor's specified area of interest.
May be established with a minimum gift of $25,000.
Scholarship Funds
Donors may establish a scholarship fund for students with defined characteristics and may participate in the selection process as a member of a committee.
Donors may establish a scholarship fund for a particular college or school and allow the school to select the recipient scholar.
Scholarship Funds are generally endowed and maybe established with a minimum of $100,000, and a balance of $100,000 must be maintained for the awarding of scholarships.
Bridge Funds
Donors may open a fund with only $1,000, with the requirement to grow it to $10,000 minimum over a ten year period. These funds are designed to help people become philanthropists. Bridge Funds may make one grant per year with a minimum gift amount of $250.
Non Endowed Agency Funds
Not-for-profits may create a non-endowed fund with $100,000 and make annual grants from the fund. Any annual distribution request must be at the $10,000 level or above.