Unrestricted Funds. These funds are essential to building a flexible and responsive community endowment that can respond to changing and emerging needs in the community. They allow the St. Croix Valley Foundation to make grants to a variety of community programs and services. Unrestricted funds are established without designating how the money will be spent. Instead, St. Croix Valley Foundation’s Board of Directors determines how to invest the fund most effectively to meet our communities’ most pressing needs. Unrestricted Funds are most appropriate for the forward thinking individual who understands that community needs in the future may be very different from what they are today.
Field-of-Interest Funds. This type of fund gives the donor the opportunity to target their contribution to one or more fields of interest that they care about most, such as education, youth, health, the arts, etc. These funds are broad in scope, yet targeted so as to meet the needs of the region. Our experienced and knowledgeable staff will use their expertise to identify, evaluate, and award grants to the most qualified and deserving organizations and programs in your clients’ area of interest. Field-of-Interest Funds are for donors who want to give back to the community but do not want to be personally involved in grantmaking.
Donor-Advised Funds. This is our most flexible fund. With this type of fund, all of your charitable giving is invested into one vehicle. Once the fund is established, clients can recommend grants to a 501(c)(3) public charity. They can use their fund to recommend donations to the charities to which they already give, and/or we will provide information on organizations or areas of interest to assist them in choosing their grant recipients. This type of fund is useful for donors who want to be personally involved in their giving.
Donor-Designated Funds. With a designated fund, a donor can name one or more specific organizations to benefit from the fund. Their gift is invested for long-term growth and provides perpetual support to the organization(s) that they choose. This type of fund usually appeals to donors who have a long association with one or more nonprofit organizations or causes in the community.
Scholarship Funds. A scholarship fund lets the donor help deserving students further their education. They can designate any level of education from preschool to postgraduate work to vocational school, as well as a field of study and eligibility requirements.