Types of Endowment Funds

Types of Endowment Funds

Established Endowments

Endowment Funds – Undesignated

Community Fund

This fund is the heart of the Sunshine Coast Community Foundation. Built by both small and large contributions, it is designed to have maximum flexibility in order to respond to changing community needs. Fields of interest considered in this fund include: Arts, Culture & Heritage; Children, Youth, Seniors & Families; Education; Environment; Health; Social Development/Planning; Sports & Recreation.

Field of Interest Fund

This fund allows the donor to specify a field of interest to which the Foundation is to direct the earnings annually. That may include the following areas: Arts, Culture & Heritage; Children, Youth, Seniors & Families; Education; Environment; Health; Social Development/Planning; Sports & Recreation, but could include other fields of interest approved by the Foundation. (for example, Animals)

Endowment Funds – Designated

Agency Fund

A charitable organization may create a fund as a way to build a sustainable stream of income that can be used to support their charitable and other goals.

Donor Advised Fund

This fund gives the donor the opportunity to participate in the grant-making process through an involvement in the ongoing selection of charities that will benefit from their gift.

Donor Designated Fund

This fund gives the donor the opportunity to specify which charities they would like to benefit from their gift.

Operating Fund

A donor may wish to establish a permanent endowment to help pay for the operations of the Sunshine Coast Community Foundation.

Flow-through Fund

This fund provides the opportunity for the donor to designate funds (both principal and interest) to be paid out, perhaps within a certain period of time, rather than becoming a permanent endowment.

Operating Fund (Flow-through)

A contribution (large or small) helps to pay for the operations of the Sunshine Coast Community Foundation.