Designated funds are a way you can provide a steady, long-term source of income for one or more nonprofits you care deeply about.
Designated funds are great for donors who know exactly which nonprofits they would like to support and do not feel the need to be actively involved in grantmaking. Additionally, designated funds are favored by individuals and families who want to leave a legacy gift supporting specific nonprofits they care about, and for memorializing those who had a particular cause they were passionate about.
Once a donor establishes a designated fund, grants are made regularly to the nonprofit they have designated. Funding is dependent on the amount in the fund and based on a schedule created when the fund is established. The original donors and other community members can make additional contributions to the fund at any time and in any amount. The funding provides the nonprofit with a sustainable and dependable source of support.
If you would like to consider starting a new designated fund for a nonprofit of your choice as part of your planned giving philanthropic strategy, please call us.
A designated fund may be established to support a specific charity or multiple charities. Grants are then awarded to the organization each year. Give now or make a planned giving decision. A designated fund is a wonderful way to partner with the Community Foundation to strengthen your favorite nonprofit(s) for good.
Designated Agency Funds held by the Foundation as of 2013
Paul and Bea Axelsen’s St. Joseph Catholic Church Fund Endowment Fund
Mayo Clinic Health System (Red Cedar) Endowment Fund
Paul and Bea Axelsen’s Shirley Doane Senior Center Endowment Fund
Hoffman Hills Recreation Area Endowment Fund
John Houle Fund to Benefit the Menomonie Public Library
Denise & Bob Sedlak Menomonie Public Library Endowment Fund