Types of Funds

Creating a fund at the Rice County Community Foundation allows you to invest in your local community for years to come. Put your charitable dollars to work for organizations and areas that you care about. 

Donor Advised Funds

A flexible fund designed by you

Donor advised funds are established by donors who want to play an active role in the grantmaking process. Work with the foundation’s staff to advise what charities your funds' grants are distributed to. An easy-to-set-up fund that offers tax benefits, while making an impact on the community for generations.  

Designated Funds

Supporting local organizations   

Establishing a designated fund allows the donor to choose a specific charitable organization(s) they would like to support. A gift through the community foundation allows for the long-term sustainability of non-profits by providing investment management and the power of endowment.

Field of Interest Funds   

Passion and Flexibility 

By establishing a Field of Interest Fund, the donor chooses a specific area of interest they are passionate about such as arts, youth, education, health, aging, rural revitalization, and more. This fund allows for the flexibility to meet changing needs of that specific interest area.  

Unrestricted Funds

Meet the ever-changing needs of our communities

Unrestricted funds are a powerful catalyst to address changing needs and issues in our county. These funds allow the community foundation’s program experts with the board of directors to analyze where these dollars can make the most impact for bettering the lives of all in Rice County. 

Scholarship Funds   

Investing in our Future

Establishing a scholarship fund is designed to invest in educational opportunities for all ages. A student attending a post-secondary institution, a student who needs specialized educational resources, a student wanting to attend a summer program or conference, a non-traditional student obtaining further education, an athlete seeking further training, and more. Fundholders work with the foundation to devise the selection criteria and the foundation ensures the scholarships are distributed in a fair and equitable way. 

Organization Funds

Establish a fund or endowment for a non-profit to grow in perpetuity. The advantage of going through the community foundation is the services the foundation can offer, assistance with investment management, and administrative details.