Designated Fund
Helping local organizations sustain and grow.
A Designated Fund supports the good work of a specific program or project. This fund channels your gift to a charitable cause that provides a lasting benefit.
Designated funds are component funds of Midlands Community Foundation created by the donor to support the good work of a specific nonprofit organization that has touched the donor’s life. These designated funds establish a funding source for a particular organization. Many nonprofits have strong relationships with donors who consistently support their organizations. A designated fund can provide a lasting, mutually beneficial arrangement for both the nonprofit and the donor. It can be created by an individual or a couple, a family, a business or a nonprofit organization that seeks to benefit a specific cause or organization.
Because it’s given through Midlands Community Foundation, the donor’s gift provides the nonprofit organization funding, but also the power of endowment. These designated funds can be set up as an expendable fund or an endowed fund. These two structures allow flexibility of the donor’s wishes.
An expendable fund allows the donor to access the fund’s principal to provide immediate impact in the community. This type of fund has no minimum dollar requirements and is readily accessible to the donor for their charitable interests.
An endowed fund ensures that the fund’s principal will not be spent and can grow over time, providing a source of lasting support. Midlands Community Foundation’s economies of scale provide a donor the benefits of a diverse investment portfolio with financial stability and independence, allowing greater flexibility in carrying out the nonprofit mission. It is with these permanent endowments stewarded by Midlands Community Foundation that secures the community’s favorite charities in perpetuity.
We’d like to tell you more about Midlands Community Foundation. Call 402-991-8027 or e-mail info@midlandscommunity.org.