Donors can use the flexibility and permanence of NWACF to create their own fund or take advantage of the following:
Agency Endowment Fund
This is a permanent charitable fund that provides ongoing support for a specific organization or charitable purpose. For many organizations, placing an endowment with NWACF has numerous advantages over the creation of a separate foundation to handle investments. In turn, the organization benefits from the financial management expertise offered by our board of directors. The organization receives the income from their fund and makes the decisions on where it will be spent. NWACF provides planned giving support and services to agencies with endowments placed with them and helps promote these endowments to professional advisors who work with clients on wills, trusts and other significant gifts. Click Agency Endowment Overview for additional information. Click Agency Endowment Fund Agreement to review a generic agency endowment fund agreement.
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Donor Advised Funds
This fund applies to donors who wish to be actively involved with the Foundation's staff in recommending which organizations receive grants from their fund. Click Donor Advised Fund Overview for additional information. Click Donor Advised Fund Agreement to review a generic advised fund agreement.
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Designated
Donors may endow in perpetuity their annual giving for organizations they have supported for years by creating a "designated fund" specifically naming the organizations of their choice. Click Designated Fund Overview for additional information. Click Designated Fund Agreement to review a generic designated fund agreement.
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Field of Interest
For donors who prefer to direct their contributions to a program area of their interest such as youth, education, arts, natural resources, or to a distinct geographic area. Click Field of Interest Fund Overview for additional information. Click Field of Interest Fund Agreement to review a generic field of interest fund agreement.
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Horizon Society Fund
This is a mid-level endowment that is attractive to individuals and organizations because a fund can be started for a minimum of $600 a year and build towards a minimum of $15,000 or $25,000 depending on the type of fund. Funds that are completely unrestricted or designated to support one agency can be established for a minimum of $15,000. All other types must have a minimum of $25,000. When the fund reaches its minimum, it can make grants. A restricted fund could be set up by an agency to build their endowment such as the Botanical Garden Society of the Ozarks. An unrestricted fund allows the Foundation's Board of Directors to use the income from the fund for the community's most urgent needs. Click Horizon Society Fund Overview for additional information. Click Horizon Society Fund Agreement to review a generic Horizon Society Fund agreement.
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Scholarships
Donors can provide financial assistance to a specific college or for students from an identified organization or geographic area. NWACF staff assists in the selection of scholarship recipients. Click Scholarship Funds to see a listing of the available scholarships. Click Scholarship Fund Overview for additional information. Click Scholarship Fund Agreement to review a generic Scholarship Fund agreement.
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Shared Gift Fund (formerly called General Unrestricted Fund)
Donors who want to provide "flexible community capital" prefer this type of fund. With the interest income from these funds, the Foundation's professional grant making system can respond to changing needs of the community. Click Shared Gift Fund Overview (104k PDF) for additional information. Click here for information about past grants.
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