Whichever option your client chooses, the fund they support or create will make an impact on our communities needs.
Unrestricted Funds support Humboldt Area Foundation community programs and unrestricted grantmaking that meets changing community needs.
Designated Funds allow donors to create a legacy which benefits one or more nonprofits in perpetuity from earnings on the initial principal of the fund. These funds make annual grants to particular charitable organization(s) designated by the donor when they establish the fund.
Field of Interest Funds
Field of Interest Funds provide support for broad charitable purposes or areas of concern (i.e. Youth, Seniors, Environment, Arts & Culture, Companion Animals, or for charitable purposes within a particular geographic area such as Southern Humboldt).
Donor Advised Funds
Donor Advised Funds allow donors to establish a fund for immediate tax benefits and recommend grants to nonprofits on their own timetable. The donor may recommend a successor advisor to take over privileges with respect to the fund upon his or her death or other stated time so that family philanthropy can be promoted across generations. A donor’s family can remain actively involved in the fund’s charitable grant making as long as money remains in the fund. Donors can add to their fund whenever it suits their tax or giving needs. A donor advised fund at the Foundation can make distributions to any 501(c)(3) public charity in the United States, including houses of worship, schools and universities, and we can facilitate grants to overseas charities as well.
Scholarship Funds offer the donor a broad latitude to define the scholarship criteria and may remain involved in (but not control) the recipient selection process. Per IRS regulations, donors may not select scholarship recipients. The Foundation can provide all scholarship administration and compliance with IRS requirements. A scholarship fund can provide one or more scholarships on an annual basis.