TYPES OF FUNDS
Because our donors want their gifts to be used for many different purposes, The Foundation administers several different types of funds. A donor wishing to donate can choose the type of fund most suited to his or her needs.
GENERAL ENDOWMENT FUND
A donor may choose to make a gift for the broad charitable purposes of The Foundation. Such unrestricted gifts are used to make grants for the needs which the Board of Directors identify from time to time as being most deserving of The Foundation’s support. The needs it has currently identified are social services, arts, culture, education, health care, and Delta’s physical environment.
FIELD OF INTEREST FUND
A donor may direct that a gift be used for a special charitable purpose such as assistance to disabled people, counseling programs, scholarships, or support of the arts. The Foundation, acting through its Board of Directors, will make grants to the community agencies which best serve the purpose specified by the donor.
- Animal Welfare
- Arts & Culture
- Children, Youth & Families
- Health & Medical Education – Research
- Health & Social Development
- Youth Homelessness
- Youth Philanthropy
DONOR ADVISED FUND
Donors can enjoy ongoing involvement in the distribution of their gifts by establishing a donor-advised fund. In the instrument establishing the donor-advised fund, the donor expresses the desire to make specific recommendations to the Board from time to time regarding the charitable use to be made of the fund. The Foundation takes these recommendations into account when making grants from the Fund.
A donor may wish to name the specific charitable organization to be assisted by a grant. The Board of Directors will ensure that the grants made from a designated fund are used as the donor intends. Should the designated organization cease to exist or the purpose it served become obsolete, The Foundation has the responsibility to re-allocate the fund to continue to reflect the donor’s wishes.