Fund	How it works	Minimum start-up donation	Assets you can donate
DONOR ADVISED FUND	A donor advised fund will make your charitable giving easier and more rewarding. You make a donation to create the fund and receive an immediate tax deduction. Over time, you make grants to the charitable causes you value most. We handle the due diligence, issue the checks and provide staff assistance through a range of donor services.  Read FAQs.	$25,000	Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, and more.
CORPORATE ADVISED FUND	Simplify charitable giving at your corporation or business. With a corporate advised fund, your company makes grants to charitable organizations, while we handle the due diligence, issue the checks and provide staff assistance through a range of corporate services.	$25,000	Cash, public stock, restricted stock, real estate, limited partnerships and more.
COMMUNITY ENDOWMENT FUND	Creating a community endowment fund is a way to support our community in perpetuity and leave a personal legacy. You can rely on the community foundation’s expert staff to research and direct support to the most critical community needs.  Examples of named funds.	Any amount to an existing fund or $5,000 allows you to name a permanent fund for 25 years or $100,000 in perpetuity.	All of the above or 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 you care about – such as the arts, education, health and human services or the environment. Our professional staff researches and directs support to the best charitable organizations providing innovative solutions to serve our community within your assigned interest area for a set period of time or in perpetuity. Examples of named funds.	$25,000	All of the above or any asset through your will, trust or estate plan.
DESIGNATED FUND	A designated fund can support a specific charity for a set period of time or in perpetuity, depending on your preference and level of investment.  It’s like creating an endowment specifically for an organization you care about.	$25,000	All of the above or any asset through your will, trust or estate plan.
SCHOLARSHIP FUND	Scholarships provide essential support to deserving students in our area. Many scholarship options are available and you have direct input into eligibility and selection.  These funds can be intensive to run, so we administer the entire process, from creating and distributing applications to the disbursement of funds and the tracking of students.	$25,000 – designated $100,000 – CICF managed $250,000 – donor’s selection committee	All of the above, or any asset through your will, trust or estate plan.
SUPPORTING FOUNDATION	Supporting Foundations are an option for those with complex philanthropic goals and the desire to create a corporate entity that will perpetuate the family legacy. A supporting organization’s grants and activities fulfill and support the charitable purposes of the community foundation, yet it has its own board, investment policies, and charitable status with the IRS.	$2 million	All of the above, or any asset through your will, trust or estate plan.
CHARITABLE ORGANIZATION ENDOWMENT FUND	Nonprofit organizations and their supporters can establish a permanent endowment fund to support the charity in perpetuity.	$100,000	Cash, stock, real estate and more.
CHARITABLE ORGANIZATION INVESTMENT FUND	Nonprofit organizations and their supporters can establish a cash reserve fund and utilize the community foundation’s investment expertise to manage their assets.	$100,000	Cash, stock, real estate and more.

For more information:
Jan Edmondson, senior gift planning advisor, 317.634.2423, ext. 510 or jane@cicf.org.
Mary Stanley, senior gift planning advisor, 317.634.2423, ext. 319 or marys@cicf.org.


Central Indiana Community Foundation is not engaged in rendering legal, financial, or tax advice. Information in our publications and on our website is provided as a service to provide general information about charitable giving. Many topics related to charitable giving have complexities and nuances that cannot be adequately detailed in brief articles or announcements. Individuals’ personal situations may vary. Please consult your financial or legal advisor. Performance data is based on past performance and is no guarantee of future results. If you have questions or concerns about any information presented, please contact us at info@cicf.org.