Types of Funds
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The CenDel Foundation offers many fund types and philanthropic services to help you achieve your charitable goals. You can use several types of assets including cash, securities, real estate, life insurance, or bequests as tax deductible gifts to create your fund or donate to one that already exists. You select a name of your choosing for a new fund. Most funds can be established with a gift minimum of $10,000 or a Fund Builder can be opened with $2,000 and a commitment to increase the fund by $2,000 each year over the next five (5) years.
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Designated Funds A Designated Fund offers the flexibility to allocate support to multiple named charities or to make grants within a predetermined field of interest or for a specific project. This fund can utilize an adviser, committee, or prescribed formula to allocate annual grants according to the donor's charitable objectives.
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Donor-Advised Funds A donor-advised fund, or DAF, is a charitable fund established for the primary purpose of supporting charitable (501c3) organizations you are passionate about, all while retaining an active role in managing the fund and directing its contributions.
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Field-of-Interest Funds A field of interest fund is a charitable fund through which grants are directed towards a specific cause or purpose specified by the donor, such as education or environmental conservation.
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Non-Profit Endowment A Nonprofit Endowment Fund is established by charitable institutions to secure their long-term stability.
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Scholarship Funds Scholarships are monetary awards aimed at assisting students in covering the costs associated with pursuing an undergraduate or graduate degree.
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Unrestricted Funds Unrestricted funds entrust their philanthropic decision-making to the volunteer leaders and professional staff. These funds are subsequently utilized by the Foundation to address the community's most pressing needs over time.
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