Types of Funds
Charitable funds provide a simple and personal approach to giving. The Enhance Hamilton County Foundation offers a wide variety of fund types available to meet your individual needs.
Search the various fund types to see the ways that you can invest in improving the quality of life throughout Hamilton County.
Donor Advised Funds allows the donor to make the recommendations on how the funds will be used. These funds offer flexibility and convenience to create a simple and highly personal approach to giving.
Administrative Funds directly benefit the Enhance Hamilton County Foundation by providing funding for the Foundation to carry out its mission to improve the quality of life in Hamilton County through philanthropy.
An Agency Fund is established by a local nonprofit organization to serve as the endowment fund that supports its future operations. The Community Foundation of Greater Des Moines holds and invests the endowment assets, providing responsible and professional fund management. Distributions from the fund are granted back to the agency to be used at the discretion of its governing board.
By establishing an Agency Fund, the board members and volunteers can focus on the agency mission and endowment building while the Community Foundation of Greater Des Moines handles the investment of the endowment.
For more information on Agency Funds, click here.
A charitable gift annuity is a simple contract established between a donor and the Foundation by which a portion of the gift of cash or marketable securities transferred to the Foundation establishes an endowed fund to benefit a charity of the donor’s choice. The remainder is returned to a designated recipient as scheduled income payments.
Charitable gift annuities require no trust administration, no setup costs to the donor and provide a partial charitable income tax deduction for the donor.
For more information on Charitable Gift Annuities, click here.
Committee Advised Funds are established by groups who wish to make grants to the charities of their choice. The committee identifies the charitable causes it wishes to support and determines where the funds will be directed. Grants are distributed from fund income, principal or a combination of the two.
For more information on Committee Advised Funds, click here.
Designated Funds are established by a donor to benefit a specific organization and maintain assets that help ensure the sustainability of the organization. Distribution of investment income to the chosen organization is made on an annual basis, creating a stable income stream.
Field of Interest Funds connect people with their passions and specific areas of need in their community. Education, the arts, the environment and disadvantaged youth and families are a few areas donors can support through these funds.
While you determine the direction of your Field of Interest Fund, maintenance is left to the Foundation who continually monitors changing community needs to ensure grants make the most impact in your field of interest.
You may add to your Field of Interest Fund any time and so can others who share your interests in the community.
For more information on Field of Interest Fund, click here.
Legacy Funds are ideal for families and individuals who want to share how their planned gifts should be distributed after their lifetimes. Donors establish Legacy Funds to receive their planned gifts and personally communicate how their charitable contributions will forever benefit their favorite charities.
For more information on Legacy Funds, click here.
Donors may establish Scholarship Funds to benefit students of a particular school, geographic region, educational discipline, gender or other designation.
You may add to your Scholarship Fund at anytime and so can others who share your interests in the community.
For more information on Scholarship Funds, click here.
Seed Funds allow you to start a fund and gradually build upon it. Your Seed Fund will grow into a charitable fund that will let you support the charities or causes you choose and will forever have an impact on the quality of life in your community.
An initial contribution of $1,000 and pledge a minimum annual contribution of $600 is needed to build the Seed Fund to $10,000 over an approximately ten-years. Once the fund has matured to $10,000, you can start distributing to the causes and charities of your choice. No fees are charged while the fund grows and your donations are tax deductible. Donors who establish or give to Endow Iowa qualified funds are eligible to receive a 25% Endow Iowa Tax Credit in addition to normal federal charitable income tax deductions.
