TYPES OF FUNDS

Unrestricted fund, provides flexibility so Foundation can respond to changing community needs. This is the most flexible gift made to the Foundation and enables the Foundation to respond to changing community needs from year to year. The Board of Directors is given discretion to make grants from the annual earnings for a broad range of community needs. It may be named by the donor, or become part of a pool of other unrestricted gifts.

Permanent endowments of local non-profit organizations. A non-profit agency or organization places its endowment funds with the Foundation for management and investment. The Foundation regularly distributes earnings to the agency/organization for its use according to the established contract guidelines. The agency/organization should contact the Sherman County Community Foundation to discuss the establishment of an affiliate fund.

Named in honor of a specific person, or for an agency/organization. The donor irrevocably transfers assets to the Foundation and designates a specific named agency/organization to receive grants from the annual earnings forever. The Foundation owns the fund and works with the donor if questions arise. A donor who wishes others to add to the fund usually names it for the agency/organization.

Non-permanent funds for specific projects. Entire fund will be spent to complete project. Donors transfer funds to the Foundation for a specific purpose to be managed, invested, and disbursed over the life of the project. The project must be presented to the Foundation Board of Directors on the required form and approved before funds can be placed with the Foundation. Pass-Through projects are short-term in nature and are expected to be completed in one to three years.

Current List of Funds

Forms: