Types of Funds

After working with you and your client to choose a fund type, our staff can draft the fund’s language to ensure it will meet your client’s personal goals and preferences. Your client can select one fund type or multiple types of funds, depending on your client’s giving strategy and goals.

DONOR ADVISED FUND (Personal Foundation)

CICF’s donor-advised funds provide philanthropists with all of the services available with a private foundation, with significant cost benefits. Learn more about opening a donor-advised fund with CICF.

Assets you can donate: Cash, publicly-traded securities, closely held stock, real estate, partnership interests, private foundation payouts or dissolutions, and more.

CORPORATE ADVISED FUND

A corporate advised fund allows your client’s company to simplify its giving as it makes grants to charitable organizations. Meanwhile, CICF handles the due diligence, issues the checks, and provides staff assistance via a comprehensive menu of corporate services.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, and more.

ENDOWMENT FOR INDIANAPOLIS OR HAMILTON COUNTY

An endowment fund for your client’s community supports that community in perpetuity while serving as your client’s personal legacy. CICF’s staff provides the research and directs support to the most critical community needs.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax-deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust, or estate plan.

FIELD OF INTEREST FUND

A field of interest fund creates a resource in perpetuity to support the causes your client cares about, such as the arts, education, health and human services, or the environment. Our staff directs support to the best charitable organizations within your client’s assigned interest area.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax-deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust, or estate plan.

DONOR DESIGNATED FUND

A donor designated fund allows your client to create permanent income for an organization(s) of their choice in Central Indiana or elsewhere, and ensures their support can grow and live on after their lifetime.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax-deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust, or estate plan.

SCHOLARSHIP FUND

CICF works with donors to create renewable scholarships of at least $1,000/year, ensuring that support is available through degree attainment. We administer everything, from creating and distributing applications to the disbursement of funds.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax-deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust, or estate plan.

SUPPORTING FOUNDATION

If your client has complex philanthropic goals and wishes to create a corporate entity that will perpetuate their legacy, this type of foundation is for them. A supporting organization’s grants and activities fulfill the charitable purposes of the community foundation, yet it has its own board, investment policies, and charitable status with the IRS.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax-deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust, or estate plan.

CHARITABLE ORGANIZATION ENDOWMENT FUND

With a charitable organization endowment fund, not-for-profit organizations and their supporters can establish a permanent endowment fund to support the charity in perpetuity.

Assets you can donate: Cash, stock, real estate and more.