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Compare Fund Types

Types of Funds

Founder's Fund

What It Is

A permanent fund that does not designate a particular charity or area of interest for grantmaking.

Advisor

The donor relies on the Yakima Valley Community Foundation’s board of directors to distribute money from the fund to areas where the needs are greatest.

Minimum Amount to Establish

$1,000

Field of Interest

What It Is

A permanent fund that names a specific area of interest, such as education or the arts, as the recipient of grants from the fund.

Advisor

The donor relies on the Yakima Valley Community Foundation to distribute money from the fund to institutions within that area of interest.

Minimum Amount to Establish

$5,000

Designated Organization

What It Is

A permanent fund that names a specific charitable institution as its beneficiary.

Advisor

The donor has indicated the beneficiary in the fund agreement. 

Minimum Amount to Establish

$5,000

Donor Advised

What It Is

A fund offering the ability for donors to make suggestions on which charitable causes are supported from the fund each year.

Advisor

Donors are permitted to make grant recommendations. This right may also be extended to children of the donor.

Minimum Amount to Establish

$10,000

Organizational Fund For Our Endowment Partners

What It Is

A fund providing stable, predictable sources of income and future financial security for qualifying organizations.

Advisor

The organization specifies representatives who are permitted to request distributions from the fund in accordance with the provisions of the fund agreement.

Minimum Amount to Establish

$10,000

Scholarship Fund

What It Is

A fund to provide support for young persons or those who wish to continue education.

Advisor

The Yakima Valley Community Foundation works with a Scholarship Committee established by the Donor to distribute funds.

Minimum Amount to Establish

$5,000

Supporting Organization

What It Is

An alternative to a private foundation that has its own board of trustees and grantmaking identities, but enjoys public charity status.

Advisor

The board of directors of the supporting organization makes its own grantmaking decisions.

Minimum Amount to Establish

$5,000,000

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111 University Parkway, Suite 102
Yakima, WA 98901
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Phone: 509-457-7616
Fax: 509-457-7625
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