Types of Funds

Great giving options
Choose the one that’s right for you.

Community Impact Funds

Meeting ever-changing community needs
When you establish a Community Impact Fund, your gift can address a broad range of local needs — including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of this unrestricted gift enables your community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.

Donor Advised Funds

A personal approach to giving
Establishing a Donor Advised Fund allows you to make a gift to your community foundation, then remain actively involved in suggesting uses for your gift. You can work with the community foundation’s professional program staff to suggest ongoing uses for the fund — targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving.

Field of Interest Funds

Connecting personal values to high-impact opportunities
By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life. Arts. AIDS. Aging. At-risk youth. You identify your personal interest area when making your gift; 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.

Hardin County Arts and Culture Fund - 2010

Designated Funds

Helping sustain and grow local social-profit organizations
Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization — a senior center, museum, or virtually any nonprofit charitable organization. Because it’s given through your community foundation, your gift provides the organization you select not only funding, but planned giving and investment management services and the power of endowment.

Lloyd L. & Jo Bates Endowed Fund - 2007
Eldora Area Community Foundation Endowment - 2007
Charlie and Carol Gilbert Endowed Fund - 2008

Seed Funds

Build to endowment over time
Seed Funds allow donors to build a permanent endowment over 10 years with an initial contribution of $1,000 and a minimum annual contribution of $600. Once $10,000 is accumulated, the fund matures into a charitable endowment and donors can start supporting the causes that they care about most.

Todd & Jennifer Bicknese Family Fund - 2008
Leadership Iowa Falls Experience (LIFE) Endowment Fund - 2009

Agency Funds

Endowing your social-profit organization
When you create an Agency Endowment Fund through the Hardin County Community Endowment Foundation, you have the opportunity to benefit your organization forever with a permanent endowment. Your Agency Endowment is invested over time. Earnings from your fund are used to make allocations addressing the needs of your agency as decided by the agency's board of directors. Earnings from your current and future gifts to the Agency's Endowment Fund provide a permanent source of agency capital, helping you provide for the mission of your agency now and in the future. Donors to your fund can also take advantage of the Endow Iowa Tax Credit.

Barlow Memorial Library Endowment Fund (Iowa Falls) - 2008
Big Green Endowment Fund (Hubbard) - 2010
Eldora Area Community Foundation Endowment Fund - 2007
Hubbard Public Library Endowment Fund - 2009
Iowa Falls First United Methodist Church Endowment Fund - 2010
New Providence Cemetery Association Endowment Fund - 2010
Quakerdale Endowment Fund (New Providence) - 2008
Scenic City Empress Boat Club Endowment Fund (Iowa Falls) - 2008
Union Cemetery of Union, Iowa Endowment Fund - 2009
Union Community Church Foundation Endowment Fund - 2010
Union Public Library Endowment Fund - 2009

Legacy Society

HCCEF recognizes donors who have made arrangements through their estate planning (such as a bequest, a trust, a retirement plan, insurance policy or some other form of deferred gift) that support the Community Foundation. Since estate gifts are often made after the donor's death, the Legacy Society allows the Community Foundation to recognize those individuals who are planning to make a difference in this community in perpetuity.

Scholarships

Rewarding deserving students
In creating a Scholarship, you invest in your community’s future and show students you care. Your community foundation provides the expertise to help you meet your personal goals and awards Scholarships to deserving students. Your gift can help students — from preschool to postgraduate — achieve their lifetime dreams.

Campbell Supply Company Scholarship Fund - 2007
Eldora-New Providence Community School District Foundation Fund - 2010
Laura & Mark Hamilton Endowed Scholarship Fund - 2006
William J. Harris and Judy Harris Scholarship Fund - 2007
Hunter Krause Scholarship Fund - 2009
Kruse Family Scholarship Fund - 2007
Dale Rankin Memorial Scholarship Fund - 2010
Daniel Harris Voge Find Arts Scholarship Fund - 2007
DuWayne & Nancy Wessels Family Scholarship Fund - 2009

Endowing your nonprofit organization

Nonprofit organizations can also establish a Designated Fund or agency endowment at the community foundation. It’s a simple and efficient way to build an endowment — and help create sustainability — for your nonprofit organization. The community foundation’s experienced staff can also help your organization develop planned giving programs and assist with investment management and administrative details.

Supporting Organizations

High impact, high involvement, low hassle
A Supporting Organization is an excellent alternative to a private foundation — with only a fraction of the administrative responsibilities. You select some of the board members, maintain personal involvement, and support the causes you care about most while enjoying the favorable tax treatment of a public charity. Leave investment management, startup costs, grant administration, and reporting to your community foundation.