Types of Funds
The fund for southwest louisiana
Gifts to The Fund for Southwest Louisiana give the Community Foundation the flexibility to respond to emerging needs, support promising ideas, and invest in the people and organizations making Southwest Louisiana stronger. Your gift becomes part of a lasting resource for our community, helping connect people who care with causes that matter for generations to come.
DESIGNATED FUND
If you want to give to the same charities over time, consider setting up a Designated Fund. The nonprofits will receive regular grants from your funds, giving them a reliable revenue source to carry out their missions. Qualified Charitable Distributions, which can be made as part of a Required Minimum Distribution through an IRA, are one example of a tax-smart way of supporting a Designated Fund.
DONOR-ADVISED FUND (DAF)
A donor-advised fund offers a flexible way to organize and manage your charitable giving. You can recommend grants to the charities and causes you care about over time, while keeping your giving in one place. DAFs can also be a meaningful way to involve family members in philanthropy and continue your charitable legacy.
FIELD OF INTEREST FUND
What do you want to improve? Education? Arts? Environment? Then you should consider this type of fund, which focuses your philanthropy in a field you care about. Grants are made to nonprofits that are in the field you choose to improve.
Organization fund
Like a savings account a nonprofit sets up to grow its money for the future, the Foundation invests the money and handles all the administrative tasks. Therefore, the nonprofit can utilize the earnings to support its work. It’s a smart way for nonprofits to save in the long term with expert help.