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Established Funds

We Support Charitable Activities

 

When donors make large financial contributions to a non-profit organization, such as the UPLIFT Community Foundation, Inc. they may decide to create a "charitable fund." A charitable fund is simply a term for describing a structure of a "bank account" which contains funds that are set aside for a particular purpose. Although the Foundation reserves the full right to use it's discretion to allocate the monies in the different funds, the Foundation gives its donors an opportunity to create their own fund accounts. By creating their own fund accounts, donors may designate their monies for a particular purpose.

 

Funds you can Establish

 

Unrestriced Funds/Discretionary Funds:

An unrestricted/discretionary fund allows the Board

of Directors to decide how donor contributions can

best be used to meet the needs of the community.

 

Field of Interest Fund:

With this fund, the Foundation can launch initiatives or award grants outside the Washington Metropolitan Area. Distributions from this Fund allows a donor or donors the right to make suggestions as to how their funds are to be distributed. However, distribution from this fund is determined by the foundation's Board of Directors with the general area of interest stipulated by the donor.

 

Advised Fund:

An "Advised Fund" donor is allowed to make suggestions as to how their funds are to be distributed. However, the Foundation's Board of Directors will identify and select the appropriate recipients.

 

Memorial Fund:

A donor or donors can establish this fund in the name of a deceased loved one. They can have friends, relatives and corporations contribute to this fund. The fund becomes a living memorial to the deceased that will be meaningful for years.

 

Scholarship and Educational Fund:

A donor or donors can establish this fund in the name of a loved one living or deceased or a named group. This fund is generally used to fund grants for individual scholarships to colleges and universities, trade and vocational schools, and private schools.

 

Creating a Fund using Property

There are many ways to establish a fund with the Foundation using property such as:

 

Cash:

By donating cash or check your fund grows with the help of expert money management. You and others are encouraged to make contributions to this fund because you receive a special treatment for your tax deductible contributions in the years they are made.

 

Stocks, Bonds, and Other:

You can donate various types of securities and get a special tax deduction, equal to the current value of the securities.

 

Real Estate:
Real estate holdings can also be donated to establish a fund. Gifts of long-term appreciated real estate offers tremendous advantages similar to gifts of appreciated securities.