Types of Funds

Types of Funds

Types of Funds

Several kinds of funds enable you to start giving immediately:

  • Donor Advised Funds  allow you to contribute assets to your fund at any time and then recommend grants to support charitable groups of your choice. They are a flexible, personalized way to support non-profit groups on the Olympic Peninsula, elsewhere in the U.S., or anywhere in the world.
  • Designated Beneficiary Funds  are ideal for donors who want to support one or more specific organizations—either a school or non-profit group. Non-profit groups can also establish this kind of fund as part of their organization’s own fundraising strategy.
  • Field of Interest Funds  are ideal for donors who wish to target their gift to address needs in an important area of community life (e.g.: Arts, AIDS, Aging, At-risk youth, etc). Our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area — even as they change over time.
  • Unrestricted Funds (The Community Fund)  are an option for donors who want to support the Foundation’s focus areas identified by OVCF’s board of trustees for its discretionary grants. This gives the Foundation the greatest latitude over the years in how to direct grants, based on its assessment of changing community needs.