Types of Funds
The Watertown Community Foundation has many Fund options for donors.
Unrestricted Funds
Unrestricted
funds provide the Watertown Community
Foundation
with the greatest flexibility to meet the most pressing and
ever-changing needs in our community.
Designated Funds
Donors may create
a fund in the Watertown Community
Foundation
to benefit a specific organization with the earnings from the fund
distributed to it. In the event the specified organization
ceases
to exist, the Foundation is able to adjust its disbursements to insure
the fund carries out its original purpose and intent.
Donor Advised Funds
Through Donor
Advised Funds, a donor can have an active
hand
in his or her charitable giving by recommending annually to the
Foundation which organizations should be supported by the
Fund.
The recommendations of the donor must be approved by the Watertown
Community Foundation. Since the Foundation administers the
fund,
donors are assured of its permanence well beyond their own ability to
advise.
Field of Interest Funds
Field of Interest
Funds provides donors the opportunity
to
support particular areas of interest that reach many
organizations. The Foundation distributes earnings to the
most
appropriate programs within that area of interest (arts, culture,
education, health & human services, etc.)
Scholarship Funds
Clubs, civic
organizations, and individuals who have
provided
Scholarship Funds frequently choose to endow them for
permanence.
The Watertown Community Foundation offers efficient services to endow,
manage and award scholarships.
Agency Funds
Agency Funds are
established by nonprofit organizations
to
provide income to them. We handle all administrative and
investment responsibilities, freeing the organization to pursue its
charitable mission.
211 East
Kemp Avenue, P.O. Box 116, Watertown, SD 57201-0116
605.882.3731 Fax
605.753.5731
email:
info@watertowncommunityfoundation.org