Fund Options
With your fund at NVCF, you can build a permanent legacy of philanthropy. You may add to your fund at any time. If you’re considering making a gift to your fund, we encourage you to contact us to discuss how you can gain the maximum financial and tax benefit.
Donor-advised fund
Donor can suggest grants from the fund – donor can be an individual, family, business entity, or group of donors who pool donations and determine nonprofit recipients (a giving circle)
Donor endowment fund
Donor designates one or more charitable organizations to receive quarterly or annual distributions based on a percentage of fund balance – often created through a will or living trust
Donor-endowed scholarship fund
Donor establishes scholarship criteria with grants distributed annually based on a percentage of fund balance
Donor scholarship fund
Usually established by a family or group, often as a memorial fund, who establish scholarship criteria and a committee to recommend grant distributions annually
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Charitable impact fund
Usually established by a volunteer group interested in organizing and operating fundraising events for specific charitable purposes – can also be established by a business
Nonprofit incubator fund
Usually established by a volunteer group interested in piloting a charitable concept with the goal of establishing a new nonprofit within 18 months
Nonprofit designated fund
Used by a 501(c)(3) nonprofit to enhance their fundraising efforts for specific purposes with assistance from NVCF
Agency designated fund
Used by government agencies to enhance their fundraising efforts for specific purposes with assistance from NVCF
Nonprofit investment fund
Used by a 501(c)(3) nonprofit to invest excess funds and take advantage of investment pooling