Donor Advised Funds
Donors make charitable gifts into a named fund at the Winona Community Foundation. Over time, funding recommendations are made to the Foundation’s Board for grants to qualified nonprofit organizations.
These funds are established to provide support for an individual student’s education beyond high school. From medicine to golf, scholarship donors may select their Fund’s focus, all while supporting a student’s dream of a better future. Grants are awarded based on an established set of criteria evaluated by independent committees.
When making a donation to a designated fund, the donor advises the Foundation to pay available grant dollars to a specific named organization or project.
Special Purpose Funds
These funds support a separate charitable organization that attaches itself to the Community Foundation and enjoys the favorable public charity status of the Foundation.
Field of Interest Funds
These funds allow donors to target their gift to reflect a passion for a particular cause or area of interest. The Foundation makes grants from these funds to support the most appropriate projects within that prescribed area of interest.
These funds enable other non-profit organizations to establish their own long-term fund at the Foundation. The Foundation handles the investment and management of the assets, distributing the earnings back to these agencies for their general purposes.
Note: These funds may be pass-through or endowed.
An ENDOWED FUND is one in which the principal is kept intact and only a certain amount of the earnings are available each year for granting purposes. Donors may require that the principal remain intact in perpetuity, for a defined period of time, or until sufficient assets have been accumulated to achieve a designated purpose.
A PASS-THROUGH FUND is one in which the fund advisor may grant out of the principal.