Types of Endowment Funds

Endowed Funds Come in All Shapes and Sizes

While fund types vary and each is established according to an individual donor’s intent, one thing remains constant: they all make a difference – today and forever. And because endowment funds are pooled for maximum benefit and invested to achieve long-term growth, they enable donors to make the greatest impact in the community.

Questions about establishing a fund?

Agency Funds

Agency Endowment Funds are created by an agency or donor to give longevity and financial support to an organization. Once the fund reaches $10,000, a distribution is either given to the organization or reinvested into the endowment. Through this type of fund, nonprofits have a lasting source of income.

Designated Funds

Designated Funds support one or more nonprofit organization(s) as chosen by the donor. Designated funds ensure continuous gifts to the fund holder’s favorite charitable organization(s), perpetuating their charitable goals.

Donor Advised Funds

Donor-Advised Funds permit donors to participate in the funding process by suggesting grants to nonprofit organizations. This type of fund provides convenience and flexibility by allowing donors to support various charitable organizations over time through one initial donation. For some, this is an attractive alternative to a private foundation.

Donor Bill of Rights

Philanthropy is a tradition of giving and sharing that, we feel, is essential to the quality of life. To assure that the Community Foundation of Lorain County merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the Foundation, we have declared all donors have rights. Please read further to understand how we work to protect you, our supporters, at all times.