A donor-advised fund enables you to continue to make recommendations about grants at any time to organizations, groups, or causes that reflect your interests long after you've made your gift to the fund. Other popular choices at the Foundation include a field of interest fund , which enables you to provide support for your special areas of interest, such as the arts, or a particular geographic area. And, a Designated Beneficiary Fund provides support to one or more designated charitable, educational, or religious institutions. While these kinds of funds suit most people, they may not match your particular needs. If that is the case, MCF staff can tailor a fund to meet your requirements.
Many people elect to endow their charitable commitments.
This decision means that MCF will invest fund assets to ensure that the fund's purpose can endure in perpetuity. A fund created using this approach is an endowed fund. Others elect to see their charitable assets fully spent during their lifetimes. A fund created using this approach is an expendable fund. Still others wish to see their assets distributed freely during their lifetimes, while wanting successive generations of advisors to treat the remainder of their fund as a permanent endowment.