Types of Funds

#9-Community Connections

The Cape Cod Foundation serves a variety of donors who share a common goal – to enhance the quality of life in our region through a permanent community endowment.  Through the Foundation, individuals, families, businesses, nonprofit organizations, and even other foundations create charitable funds that help Cape Cod meet our community’s changing needs.

To accommodate the various interests and needs of donors, the Foundation offers six different types of funds. Regardless of the fund you choose, you or other donors may add to it at any time.

Unrestricted Funds
If your interests are broad and you are primarily concerned with meeting the most urgent needs of the community as they evolve from year to year, you may find great satisfaction in establishing an unrestricted fund. This fund allows the Board of Directors full discretion to determine how income from your fund can respond to the most immediate and pressing challenges facing the community.

Field of Interest Funds
If you want the income from your fund to be disbursed to a specific area of interest or concern, a field of interest fund will achieve your goals. You would use a fund of this kind to support general ideas such as education, performing arts, or preservation goals.

Donor-Advised Funds
If you want to play an active role in your philanthropy, a donor-advised fund enables you to make grant recommendations and provides access to the Foundation’s professional staff and Grant Review Committee. You can explore new areas of grantmaking that interest you or request that we keep you abreast of emerging community needs.

Designated Funds
Through a designated fund, you choose one or more organizations to receive distributions from your fund. If you wish to support a land trust in your community, for example, a designated fund ensures that all grants will be made to that organization in perpetuity. If the benefiting organization ceases to exist in future years, the Foundation will direct the income from your fund to another purpose that is as close as possible to your original intent.

Scholarship Funds
You may create a scholarship fund to help students attend a specific school or college or pursue a particular field of study. Or your fund can benefit students from a particular school or community who require scholarships to further their educations.

Agency Endowment Funds
If you are active in a nonprofit organization and seek long-term financial stability and the support of investment management professionals, you can establish a permanent endowment fund for that organization.