Types of Funds
One of your considerations in creating a fund is determining what fund type will help you carry out your charitable goals. The information below provides an overview of the types of funds available, and our staff will be happy to help guide you through the process.
There Are Two Categories Of Funds:
Permanent Funds – gifts to permanent funds are never spent. Gifts are invested, and a portion of the fund is used to fulfill the fund's charitable purpose.
Permanent funds may be endowed or quasi-endowed. Learn how these differ.
Pass Through Funds – gifts to pass through funds, along with the fund's investment return may be used to fulfill the fund's charitable purpose at any time during the life of the fund.
Fund Types – permanent and pass through funds may be any of the following fund types: