Types of Funds
Described below are the types of permanent funds that can be created within the Manistee County Community Foundation. The minimum gift level to establish a named fund is $5,000, or $10,000 for scholarship funds.
Unrestricted - Unrestricted funds support critical unmet needs in Manistee County, as determined by our distribution committee.
Designated - With a designated fund, gifts are made in your name - in perpetuity - to any public charitable organization(s) in the United States that you select.
Scholarship – These funds may be either field of interest (to support students in specific communities or fields of study) or designated (for specific high schools and/or colleges/universities).
Donor Advised - Donor advised funds allow you - and those you name - to recommend grants and the flexibility to change the organizations you support through the years.
Committee Advised - Organizations and associations can establish a fund for charitable giving and grantmaking. The committee advises the Community Foundation on grants to be made from the fund.
Field of Interest - Donors choose a broad area of interest such as the arts, education, youth, community beautification and development, health and human services and the environment.
Organization Endowment - Manistee County nonprofit organizations have entrusted us with management of their endowments and receive regular grant distributions from their fund.
Charitable Unitrust – This vehicle combines a charitable gift, the value of significant tax benefits, and an income stream for family members.
Charitable Gift Annuity (CGA) - A CGA combines a charitable gift to benefit our community and provides the donor a life-long guaranteed fixed income.
Community Service/Nonprofit Support - These funds are created by nonprofit organizations seeking Foundation assistance with the administration of a specific program, capital campaign or other service.
Build-A-Funds - Donors, area nonprofit agencies or organizations can start a BAF to begin building a fund up to a minimum fund level.