Many donors wish to establish a new endowment with Central Kansas Community Foundation. An endowment is a fund in which the principal is invested in perpetuity and only the income generated is distributed annually. This allows your gift to benefit our community forever.
Establishing a new endowment allows you greater flexibility as to how you would like your gift designated and which organizations or causes you want to support. There are several options for donors wishing to start a new fund:
New Fund Options
A Designated Fund is established for a specific organization, fund, or charitable purpose of your choice.
Donor-Advised Funds allow you to make recommendations on distributions on an annual basis.
Field of Interest Fund
A Field of Interest Fund enables you to specify an area of interest, such as education or the arts. The foundation board of trustees reviews community needs and makes distributions to benefit projects or causes in that specified area.
A Scholarship Fund is established to support individual students in their educational endeavors. As the donor, you may help designate the criteria used in selecting recipients of the scholarship funds.
By starting an Unrestricted Fund, you allow the foundation board to be flexible and proactive in meeting the changing needs of the community.