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Greater Green Bay Community Foundation Fund Types & Descriptions
Agency Funds
Charitable agencies and organizations (with their own 501(c)(3) status) benefit from placing the management and investment of their endowments and long-term funds with the Community Foundation. As part of a larger investment pool of the Community Foundation, each agency endowment has the potential for greater return at a lower cost. The income is distributed back to the charity, for purposes that the charity’s board determines appropriate.
Designated Funds
Designated Funds allow donors to select a specific organization or group of organizations to receive long-term support. The designated recipients receive regular distributions from the fund. Distributions are restricted to a public charity that was named by the donor at the time the contribution was made to the Community Foundation.
Donor Advised Funds
Donor Advised Funds allow donors to work actively with the Community Foundation in selecting charitable recipients. Donors, or their representatives, recommend grants or distributions. The recommendations are advisory and the Community Foundation’s governing body has legal control over all distributions.
Field of Interest Funds
Field of Interest funds are established by a group of donors who wish to contribute to a cause or an area of concern but do not want to designate a particular organization.
Project Funds
Project Funds are special funds developed between the Community Foundation and an agency. An example of a Project Fund is a Capital Campaign or any other special project where the agency needs to raise funds. The Foundation provides back office support for donor records, gift acknowledgement, and can act as fiscal agent for fund distributions.
Scholarship Funds
Scholarship Funds are endowments established for the benefit of students in Northeast Wisconsin. Selection is made by the Community Foundation or by a committee that includes the donor.
Unrestricted Funds
Unrestricted Funds are established by donors who wish to contribute to a fund that supports any community issue or sector as determined by the Community Foundation. This fund type is the Community Foundation’s most responsive vehicle to address the changing needs in Northeast Wisconsin.
The Board of Directors of the Community Foundation and their investment consultant, Fund Evaluation Group, are responsible for investment and oversight. The administrative fees and
names of investment managers
are available upon request from the Community Foundation offices.