Types of Funds

Charitable giving should be easy and enjoyable.

The type of fund you select to establish is your choice. The type of fund that works best for you and your charitable goals ultimately boils down to how involved you wish to be in making grants or distributions from your fund. There are four basic types of funds at OICF:

Donor Advised Fund

A Donor Advised Fund (DAF) is a convenient way for philanthropically minded individuals to simplify their charitable giving and take advantage of maximum tax savings. Donors make an irrevocable contribution to the Orcas Island Community Foundation to establish the fund. These funds are then available for the donor to make grant recommendations to charitable organizations. A Donor Advised Fund can be established with a minimum donation of $2,500.

Benefits of a Donor Advised Fund

  • Immediate tax benefits
  • Active involvement in the grant-making process by recommending grants from your fund to the charities of your choice at your convenience
  • Construction of a legacy of philanthropy to be shared by your family and passed on to your heirs
  • Ease of establishment of a Donor Advised Fund wherein OICF handles all the administrative tasks, due diligence and financial management of the fund
  • Secure asset management

Ready to move forward? Complete and return our form to Establish a DAF at OICF.

Unrestricted funds

Unrestricted funds provide the greatest flexibility to their beneficiary organization. Income from these funds (generally 4% of the average balance for the last 12 quarters under OICF’s payment policy) is not restricted and at the discretion of the organization’s board of directors.

OICF’s unrestricted fund, our “Foundation Fund” is the backbone of our organization and is used for our operations and programs. The Foundation Fund keeps our doors open and our grants and other programs running. Donate to OICF’s Foundation Fund.

Benefits of Unrestricted Funds

  • Most flexible for the organization that receives the funding

Interested in setting up a new fund? Download and complete our form to Establish a Fund at OICF.

Designated Funds

Designated Funds support specific charitable organizations named by the donor at the time the gift is made. OICF provides professional financial management for the funds and regularly pays grants to the charities named in the fund. For individuals, creating a designated fund can ensure that a charitable organization will receive support over a long period of time, perhaps beyond the donor’s lifetime. Designated Funds are established with a minimum donation of $5,000.

Benefits of a Designated Fund

  • Make an endowment gift to any charity
  • Endow emerging, small or struggling organizations
  • Endow several organizations
  • Make a gift now that can last forever
  • Manage funds professionally and monitor grants

Designated Funds already established at OICF that you may give to are listed on our Donation Page.

Interested in setting up a new fund? Download and complete our form to Establish a Fund at OICF.

Endowed Funds

OICF manages endowments established to support nonprofit organizations on Orcas Island. The foundation provides consistent stewardship, professional investment management, and effective administration. These funds may receive gifts of cash, marketable securities, and many other assets.

Benefits of Endowed Funds

  • Credibility with new and existing donors
  • Potential visibility to new donors as part of the fastest growing philanthropic endowment in the region
  • Opportunities to invest endowed funds in a broad range of investment vehicles, reducing risk and maximizing return
  • Reasonable management and investment fees

Endowed Funds already established at OICF that you may give to are listed on our Donation Page.

Interested in setting up a new fund? Download and complete our form to Establish a Fund at OICF.

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