Your fund can be named to honor your family or the charitable intention you wish your fund to support. Foundation personnel will explain the kinds of funds that can be established and the variety of ways to give. Most of our funds are established as endowment funds which means that the original contribution is invested and the income or a percentage of the market value is available annually to support the charitable purpose. An endowment will provide perpetual and ongoing support for a charity or charitable purpose. Undesignated funds are granted at the discretion of the Fond du Lac Area Foundation's Board of Directors who determine where the most needs are in the community.
Undesignated funds offer great flexibility in meeting existing and future community needs.
The donor names the charity or charities to receive the income from the fund. Within certain guidelines the donor may make suggestions on grant distributions from the fund. It receives its public charity status because of its affiliation and common purpose to the community foundation. Another option is an Acorn Fund. All contributions are accumulated until the donor's goal for the fund is realized.