Events
The Latest
Tuesday, March 13, 2012
New Scholarship Available for Montpelier-Harrison Twp. Education Majors
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Tuesday, February 21, 2012
Lilly Endowment Inc. awards $250,000 matching grant for developing asset base.
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Friday, October 28, 2011
Strong Foundations - Fall Newsletter
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Thursday, October 20, 2011
Your potato + Our potato: Let’s Feed Blackford!
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Friday, August 26, 2011
Blackford County Community Foundation gave away $96,200 in scholarships
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Kinds of Funds
Kinds of Funds
Fund types are as varied as each fund donors’ interests and financial needs.
Discretionary Funds or Unrestricted Funds
offer the broadest giving option, allowing grants to be made to wherever the Foundation board of directors determines our community's needs are the greatest. Requires gift of $5,000 to establish.
Designated Funds
are established to benefit specific charitable organizations that are named by the donor. An endowment fund is a designated fund that preserves the principal of the fund while making annual distributions of income earned by the fund to the charity. Requires gift of $5,000 to establish.
Field of Interest Funds
create grants that meet needs in a particular field or geographic area that is of interest to the donor. Areas of interest might include youth, elderly, health, environment, arts & culture, etc. Requires gift of $5,000 to establish.
Donor-Advised Funds
provide donors with maximum convenience and flexibility. Donors can recommend distributions to specific eligible charities in which they are interested. Requires gift of $5,000 to establish.
Advised Scholarship Funds
provide scholarships to individuals, where the donor or persons designated by the donor are to be involved in the selection process of scholarship recipients. Under new code provisions added by the Pension Acts, the donor (or his/her designee) may only participate in the selection process as a member of a larger advisory committee. Requires gift of $5,000 to establish.
Discretionary Scholarship Funds
provide educational scholarships with no advice or recommendations from the donor or persons designated by the donor. If a donor wishes to be in the selection of scholarship recipients or wishes to designate one of more persons to be in the selection process of scholarship recipients, the Advised Scholarship Fund agreement form will be used. Requires gift of $5,000 to establish.
Advised Agency Funds
are established at the request of a charitable organization (the agency) to provide support for the agency’s exempt purposes as advised by the agency.
Remembrance/Memorial Fund
is discretionary in nature and allows individuals to be remembered or honored, and at the same time helps the community. Any amount will be accepted. These gifts will be pooled and earnings will be used as directed by the Foundation's Board of Directors.
Seedling Fund
donors pledge annual gifts toward an endowment fund goal of $5,000 that is to be achieved within 5 years of the first gift installment. Contributions may be made monthly, quarterly, semi-annually or annually so long as the annual contribution is $1,000. All interest and dividends earned by the fund remain in the fund to help it grow. No fees are charged until the fund balance reaches $5,000 and converts to a Donor-Advised Fund, Field of Interest Fund, Unrestricted Fund, Designated Fund, etc.
Blackford County Community Foundation