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DONOR ADVISED FUNDS
FIELD OF INTEREST FUNDS
DESIGNATED FUNDS
GRANTING FROM YOUR FUND
MANAGEMENT AND INVESTMENT OF YOUR FUND
SCHOLARSHIPS
AWARDING SCHOLARSHIPS
MANAGEMENT AND INVESTMENT OF YOUR FUND
LET US SUPPORT YOUR PHILANTHROPY
ADDING TO YOUR FUND
OPPORTUNITIES TO BUILD PHILANTHROPY IN SW WASHINGTON
ARE YOU INVOLVED WITH A NONPROFIT?
RESOURCES
Glossary
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Granting From Your Fund
Most of our charitable funds are permanently endowed – meaning, they exist in perpetuity. For those funds, the Community Foundation’s Board sets the spending policy that determines the amount available for your grant recommendations. Currently, you may annually grant 5 percent of your fund, based on a 3-year rolling average of your fund’s year-end balance.
Fund Established 3 Years or More
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Example
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DATE
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FUND BALANCE |
December 31, 2006
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$80,000 |
December 31, 2007
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$90,000 |
December 31, 2008
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$100,000 |
3 year rolling average of the fund’s year-end balances, 2006, 2007, 2008
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$90,000 |
| Amount available to grant in 2009 based on 5% spending policy ($90,000 x .05) |
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$4,500 |
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For New Fund Holders: If you wish to grant during the first year, arrangements can be made by contacting Anne Digenis, Program Officer. After two years, you may grant 5 percent of your fund’s balance, based on a 2-year rolling average of your fund’s year-end balances.
Expendable Funds: The Community Foundation also offers non-endowed funds. Grants from these funds can exceed the 5 percent spending policy (described above). These arrangements are made when the fund is established.
| You will receive quarterly Charitable Fund Statements detailing your fund’s activity, including investment performance, service and investment fees, and grants made. |
For assistance, contact Anne Digenis, Donor Services and Grants Officer, at 360.694.2550 or by using our Contact Us Online form.
Granting From Your Fund
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