Types of Funds
Donors can establish a new endowment fund with a minimum donation of $10,000 and are able to name the fund and direct the charitable purpose. Donations that do not fit the minimum criteria can benefit a fund already established, or be left unrestricted to meet the changing needs of the communities we serve.
The MSCF leaders have many years of combined business and financial management experience. Donors are assured prudent stewardship of the funds they've placed in our care. We also strive to honor each person's needs, interests and desires, and are happy to work with your financial or legal advisors to arrange a gift that represents your best interests.
A fund can be established as a permanent endowment or as a non-endowed fund. There are many types of funds into which you can direct an outright gift.
Contact Us to determine which giving strategy is best for you.
Flexible and responsive to emerging and changing community needs. Donors place no restrictions on their gifts and leave decisions about charitable use of the funds to the Foundation.
Allow donors to support a class of charitable beneficiaries or institutions such as assisting children, supporting the arts, or environmental education.
In addition to limiting distribution to a particular area of interest, donors can limit to a specific neighborhood, county or other locale within our service area.
The foundation determines which organizations or programs in the field specified by the donor will receive funds.
Established by donors who wish to actively participate in the grant making process. Donors recommend grants to charitable projects or organizations they want to support, with oversight provided by the Board of Directors. The donor may receive recognition of the grant awards and maintains continuous involvement in the use of their gift. Foundation staff assist donors by researching grant requests and connecting donors with potential grant recipients.
Allow donors to designate support for a specific charitable organization. If the named charity ceases to exist, another organization with a similar purpose is selected by the Foundation’s Board of Directors to assure their purpose for giving will be honored in perpetuity.
Established by a nonprofit organization as a means of protecting their charitable dollars for the future and to ensure a source of annual support for their programs and operations.
Allow donors to establish a named fund for any level of education. Donors may designate a particular school, field of study and select eligibility criteria. Scholarship recipients are selected by the foundation’s scholarship committee.
Allow donors to make gifts that provide support for the ongoing work of the Foundation.
We encourage you to discuss the fund options with us prior to establishing a fund and we welcome the opportunity to talk with you and your legal or financial advisor