Types of Funds
Donor Advised Funds – Because of their flexibility and simplicity, Donor Advised Funds are a popular way for individuals and families to actively engage in philanthropy and support nonprofits in their communities. Donors are able to direct their donations according to their values and interests. When you establish a Donor Advised Fund, the gift assets are converted into charitable dollars for your philanthropy. The Foundation’s financial administration, personalized service and grant making expertise are all available whenever you want to recommend contributions or discuss grant making strategies. LEARN MORE…
Corporate Advised Funds – Corporate giving is a reflection of a company’s unique culture and values. The Richmond Community Foundation will assist your company with a community grants program tailored to your charitable goals and business. It is a seamless means of outsourcing your corporate giving program. The Foundation can advise on a range of opportunities for your employees to engage with your company’s charitable grants program. LEARN MORE…
Agency Funds – An Agency Fund is a safe and simple way for your nonprofit organization to invest in its future. Your donors can be confident that the fund will be professionally managed to build a reliable source of continuing support for your good work. The Richmond Community Foundation’s economies of scale provide your organization with the benefits of a diverse investment portfolio, as well as low investment fees that typically come only with large funds. LEARN MORE…
Field of Interest Funds – A Field of Interest Fund will channel your donations to address the general needs of your choosing. A donor targets their contribution to a specific or broad charitable cause or purpose, such as education, health, the environment, civic engagement, and the like. The Foundation selects grantees within that field of interest. LEARN MORE…
Bequests – The simplest way to leave a gift to benefit our community is to make a bequest. This can be a specific dollar amount, a percentage of your estate or what remains after other bequests (including those to family members) are made. Consider using your planned gift to establish an endowment fund at the Foundation and support your favorite causes for years to come. If you choose, the bequest can flow into a Donor Advised Fund for your children to carry on your family’s philanthropy. LEARN MORE…