Types of Funds

As a community foundation, Legacy Foundation provides a variety of ways for donors to invest money that they wish to be used for the good of the community. The most commonly used include:

Agency Funds

Agency Funds are typically established at the request of a charitable organization to provide support for the Agency’s exempt purposes, as recommended by the Agency. The Agency’s recommendations must be advisory only, and Legacy Foundation must be free to reject any recommendations.
PDF Agency Funds
PDF Sample Endowment Agreement
PDF Sample Nonpermanent Agreement

Designated Funds

Direct charitable gifts to benefit a specific nonprofit organization or purpose. Gifts provide an ongoing funding stream for eligible nonprofit organizations in the United States. Nonprofit organizations may also begin their own Agency Endowments with Legacy Foundation, using our capabilities to accept complex gifts and to build a lasting endowment.
PDF Designated Funds
PDF Sample Endowment Agreement
PDF Sample Nonpermanent Agreement

Donor Advised Fund

The donor enjoys ongoing involvement by working with our staff to identify possible grants that may benefit a variety of causes and organizations. The donor’s recommendations are submitted to our local board for approval, and grants are distributed in the name of the fund.
PDF Donor Advised Fund
PDF Sample Endowment Agreement
PDF Sample Nonpermanent Agreement

Field of Interest Funds

Focus on an important area of community life, such as enriching education, safeguarding health, strengthening families, improving neighborhoods, cultivating arts or protecting the environment. The donor identifies a personal interest when making a gift; Legacy Foundation’s board awards grants to community organizations and programs that are making a difference the area selected.
PDF Field of Interest Funds
PDF Sample Endowment Agreement
PDF Sample Nonpermanent Agreement

Scholarship Funds

Help students achieve their academic and career-oriented goals—from preschool to postgraduate work. With support and guidance from Legacy Foundation, donors can invest in the community’s future through scholarships. The donor determines the criteria students must meet to receive the scholarship.
PDF Scholarship Funds
PDF Sample Advised Endowment Agreement
PDF Sample Advised Nonpermanent Agreement
PDF Sample Discretionary Endowment Agreement
PDF Sample Discretionary Nonpermanent Agreement

Unrestricted Funds

Gift is highly flexible and available to meet the breadth of community needs—including future needs that may not yet be imagined. Legacy Foundation’s staff and Grants Committee evaluate all aspects of community wellbeing—arts and culture, economic development, education, environment, health and human services, neighborhood revitalization and more. Unrestricted gifts empower us to make strategic grants, where need and opportunity are greatest.
PDF Unrestricted Funds
PDF Sample Endowment Agreement
PDF Sample Nonpermanent Agreement

To learn more or to discuss opportunities for establishing a fund, please contact us at 219.736.1880.