A permanent endowment allows your client to build a source of philanthropic support for generations to come. Named Funds are typically established with a minimum gift ranging from $10,000 to $25,000. Funds may be established during a donor's lifetime, or via bequest. Below are various funds from which your clients can choose to establish an endowment that best suits their philanthropic goals.
COMMUNITY IMPACT FUNDS allow your client to support the most pressing needs of our community.Trustees and staff make funding decisions through the Foundation's time-tested competitive grant process.
DONOR DESIGNATED FUNDS offer your client the opportunity to create a fund in their name that makes grants to their favorite nonprofits, forever.
DONOR ADVISED FUNDS are very attractive alternatives to private foundations. Funds can be established with a variety of assets including cash, securities and real estate, and these gifts are tax-deductible. Each year, your client recommends which nonprofits your fund will support.
FIELD OF INTEREST FUNDS are established by donors who want to support a particular broad charitable cause such as Arts, Education or the Environment.
SCHOLARSHIP FUNDS are often created in memory or in honor of a loved one. Your client can design a scholarship fund with specific eligibility requirements and parameters, and they can choose to participate in the selection of their recipient(s), or request the Foundation to do this for them.
AGENCY FUNDS are endowments established by a nonprofit organization in order to support its mission in perpetuity.
CHARITABLE GIFT ANNUITIES, as well as various types of charitable trusts, combine tax-advantaged giving with income and sound long-term planning.
The Erie Community Foundation can help your clients with a variety of giving strategies.
PASS-THROUGH FUNDS allow your clients' gifts to flow through the Foundation to their preferred nonprofit. This is helpful if they wish to remain anonymous or if a unique property is used to make a gift.
CAPITAL CAMPAIGN FUNDS are a specific type of Pass-Through Fund which allows nonprofit organizations to easily and efficiently process stock gifts, while at the same time providing a simple, cost-effective method of managing Campaign funds.
BEQUEST LANGUAGE click here for suggested language you can insert into wills or trust instruments.
You can create your own fund in a matter of minutes by calling (814) 454-0843.