Types of Funds
Our existing funds meet a variety of needs, or, if you wish, you can create your own.
A Legacy Fund is an endowment fund established to represent either the donor's present interests or the memory of a loved one. The fund can be established with an initial donation and more fully through a bequest or other future instrument. A Legacy Fund is an opportunity for an individual or family to insure that something that is especially important to them will be maintained in the future.
A Legacy Fund generally bears the name of the donor and the generated interest is annually committed to the donor’s cause. It preserves the family name and supports a cause they care about.
You can use your gift to meet ever-changing community needs-- including future needs, which often cannot be anticipated at the time your gift is made. The Community Foundation evaluates all aspects of community well-being -- arts, culture, economic development, education, environment, health and human services, quality of life issues, and more. Your unrestricted gift is then used to make a difference where it is needed most.
Field of Interest Funds
You can target your gift to address needs in an important area of community life. Arts. Education. Preservation. Scholarship. Health. Environment. Youth. You identify your personal interest area when making your gift; our Board awards grants to community agencies and programs that are making a difference in the area you select.
You can direct your gift to a specific agency or purpose. Help provide ongoing funding to the library, museum, state park, your church, or virtually any non-profit charitable organization. You identify the recipient you wish to benefit through your gift; our staff manages the annual distribution of funds.
Advised FundsYou can have ongoing involvement in the use of your gift. Our staff will help you identify ways to use your advised fund to address the community needs you most care about. Your recommendations are submitted to our local Board of Trustees for approval; we then manage the distribution of funds.
Les Cheneaux Community Foundation