Endowment funds exemplify the donor's giving spirit and commitment to the Wabash Valley community. An endowed fund continues to carry out its specified purpose after the donor's death, through grants from a portion of the earnings that benefit the community. By creating or investing in an endowment fund, the donor's giving spirit lives on as a legacy that future generations will remember and from which they will continue to benefit.

The Community Foundation allows people within and with ties to the Wabash Valley area to reinvest in their communities through the creation of or contribution to an endowment fund. Our donors are harnessing community capital to provide permanent and perpetual support for our communities.

Regardless of the type or size of gift, all administrative details will be expertly handled, customized specifically to the donor's interests. For more information, contact 812-232-2234 or visit www.wvcf.com.

The Community Foundation offers six types of endowment funds


Unrestricted Funds
Individuals who create or contribute to unrestricted funds are directing their giving spirit to address emerging community needs, support existing programs or promote new and innovative services. Using their years of experience and knowledge, local volunteers review numerous proposals to assure that grants from unrestricted funds go toward purposes that are meaningful for our communities.
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Field of Interest Funds
By establishing or donating to a field of interest fund the donor directs his or her giving spirit to a specified interest area, for example, education, health care, culture and the arts, community services or a particular geographic region. As with unrestricted funds, grants are selected by the Community Foundation's knowledgeable volunteers to have the greatest impact on the community, within the parameters defined by the fund's creator.
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Advised Funds
Giving by creating an advised fund allows the donor to continue to be involved in the fund's annual distributions. The donor can specify who will serve on the grant selection committee, which annually recommends organizations or projects to receive grants from the fund, and the Foundation assures that the recommended grant is within the mission and purpose of the Community Foundation.
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Designated Funds
If the donor desires to support one or more charitable organizations in which there is a deep, personal interest, he or she can establish or contribute to a designated fund. Designated funds offer the assurance that a favorite charity will receive financial support year after year.
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Agency Endowment Funds
An agency endowment fund offers a convenient vehicle for individuals to express their giving spirit through perpetual support for organizations close to their heart. An agency endowment fund is a form of designated fund that benefits one specific organization. Often created by strong supporters or the agency itself, agency endowment funds offer non-profit agencies the ability to build a continual and dependable stream of future income to support their operations.
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Scholarship Funds
Individuals with a particular interest in youth, education or an institution of higher learning often choose to express their giving spirit by establishing or adding to a scholarship fund. Scholarship funds provide assistance for tuition and fees, for advancing educational opportunities and for a variety of individuals to continue their educational pursuits. Each scholarship fund is customized to the donor's specifications in terms of who is eligible, how to apply, the size of the scholarship and who selects the recipient.
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Deferred Funds
Donors can express their giving spirit through a deferred fund, which is created in the present with the gift to be made sometime in the future. Often deferred funds are established as a part of an individual's estate plan and include a will, trust, annuity, life insurance policy or other deferred gift arrangement. The Community Foundation can work with the donor's attorney, accountant or other professional adviser to assure the donor's charitable intentions are achieved. The Community Foundation encourages individuals to advise it if they have established a planned gift, so the Foundation can show its appreciation and recognize their generosity to the community.
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Special Interest Funds

Non-permanent Funds
There are times when a donor chooses to give to a non-permanent fund rather than to an endowed fund. For example, when a new project is being started or when a non-profit agency utilizes the Community Foundation's expertise to assist with a special fund drive, donors give specifically to support these efforts. Sometimes, for anonymity, donors prefer to make a gift through the Community Foundation rather than giving directly to another organization.
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