Types of funds

The Anchor Bay Community Foundation offers a variety of funds and flexible options to help you meet your charitable goals.

Designated Fund

The donor designates one or more specific charitable organizations to receive grants for a set period of time or in perpetuity.

Donor Advised Fund

The donor actively participates in the grantmaking process by recommending grants from their fund to charitable causes.

Endowed Fund

The donor establishes a permanent fund through which the principal is preserved and grows over time through investment, and the interest or a percentage of the fund’s annual income may be granted to support the cause specified by the donor. Your one-time gift of $25,000 or $5,000 per year for five years will establish a named, endowed fund in perpetuity.

Field of Interest Fund

The donor creates a fund to support a specific area of interest while relying on our expertise to determine the specific organization.

Scholarship Fund

The donor creates a fund to support individuals pursuing training or education. Donors work with foundation staff to develop selection criteria.

Unrestricted Fund

Donors who establish an unrestricted fund set no restrictions on the use of their gift to enable the community foundation to make the greatest possible impact. The Anchor Bay Community Foundation distributes these funds through its community grant rounds which is approved by the Board of Directors.

Agency Fund

A nonprofit organization initiates a fund to permanently support the operations of the organization.