There are many different types of funds within the Foundation, all with the same goal in mind, to address the many different needs in our community.
Unrestricted Funds are the most flexible because they are not limited by donors to any single purpose. They allow the Foundation to be responsive to the changing needs of the community.
Donor Advised Funds offer active participation in the grant process by allowing donors to suggest charitable beneficiaries. They afford all the advantages of a private foundation but with greater tax benefits and none of the personal administrative tasks.
Field of Interest Funds support causes of particular interest to donors, such as health or human services, education, or the arts.
Designated Funds benefit specific charities of the donor’s choice.
Scholarship Funds are an ideal way to establish a permanent legacy in memory of a loved one or to honor family or friends, as well as giving a deserving recipient a springboard for achieving educational goals.
Organizational Endowment Funds are established by nonprofit organizations to assist them in planning for current and future needs.
Please contact the Foundation if you are interested in learning more about establishing a fund with The Troy Foundation.