Charitable Checking Account
A Charitable Checking Account acts like a personal checking account. Donors can deposit cash or appreciated assets into their account when it is most advantageous for them. Their gift acknowledgement from the Foundation is the only one they need for tax purposes. Then, they simply the Foundation to send contributions from their account to anyU.S.tax-exempt organizations they choose, in any amount and whenever they choose. The Foundation does the bookkeeping and provides account status updates.
Donor Advised Fund
For donors establishing a Donor Advised Fund at the Foundation, it is like creating their own private foundation – but without the administrative complications and expense. It is intended for donors who wish to see their charitable dollars grow and provide benefits into the future. Donors recommend grants to the charitable organizations they wish to support, or, if they choose, the Foundation can advise them of grant-making opportunities.
Designated Endowment Fund
Donors designate a favorite charity or charities they wish to support now and into the future. As an endowed fund, the gift continues long after the donor has passed away. If a designated charity would cease to exist, the Foundation would redirect the fund to a like organization. The gift would not be lost.
Field of Interest Endowment Fund
Donors can establish an endowment fund that addresses the needs of a particular area of interest or concern – children’s services, education, healthcare, the arts, the environment, etc. They can name the fund after themselves, their family or someone else. The Foundation will award grants from the fund where need is greatest within the designated area of interest.
Emerging Community Needs Fund
Donors can give the Warren County Foundation the discretion to determine where overall community need is greatest and where the funds would do the most good. Grants for specific needs would be made to charitable organizations servingWarrenCountyafter careful review and evaluation by the Foundation’s Grants Committee.
Scholarship Endowment Fund
Donors can decide the criteria students must meet to receive scholarships from their fund. They can specify a particular school (the school from which the student is graduating or plans to attend), a special talent or academic area, or a specific geographic area – and/or donors can specify that scholarships be based on financial need. Donors may choose to be involved in the selection process or appoint a selection committee. The Foundation handles the necessary paperwork and follow-up and ensures that scholarships are awarded in an equitable manner.
Memorial or Honorary Fund
Any of the Warren County Funds can be named in memory or in honor of one or more individuals.