Establish a Fund

A retiree in your hometown cannot afford medication. A young person in your community dreams of higher education. A library limits its hours. Environmental, civic and cultural needs go unmet. But you, through the First Community Foundation Partnership of Pennsylvania can make a difference. There are a variety of funds you can establish; the type of fund you choose will reflect your values, personal preferences and the degree to which you want to be involved in grant recommendations.

Below are the different Fund opportunities available at your Community Foundation.

Unrestricted Funds
Your community’s needs change over time. When you establish an unrestricted fund, you are assuring that those needs will always be met. Unrestricted funds allow the Foundation to continually evaluate your community's needs and direct your gift to areas of greatest impact. Your unrestricted fund assures you that your gift will be directed by those who know the community best—your Community Foundation.

Field of Interest Funds
A field of interest fund benefits a broad area of community life that reflects your values and interests such as education, arts, environment, children, social services or a particular geographic area. Rather than being directly involved in how the money is distributed each year, you give the Community Foundation the flexibility to assess needs and then direct funds to an organization or charity within your field of interest.

Designated Funds
A designated fund supports the non-profit organization in your community you choose to benefit. Under the management of the Community Foundation, your gift will grow and help your favorite charity to sustain and develop in perpetuity.

Donor Advised Funds
A donor advised fund is a very personal approach to giving. Each year you make recommendations for the distribution of grants from your fund. Donor advised funds can also help pass on your philanthropic values to family members by involving them in the recommendations.

Scholarship Funds
Give the gift of education by establishing a scholarship at the Community Foundation. The donor determines the scholarship requirements which may include grade point average, course of study, geographic area or extracurricular achievements. Scholarships may be established by individuals, families, companies or organizations.

Organizational Endowments
Creating an organizational endowment through your Community Foundation assures low cost fund administration and access to professional investment management opportunities, all while creating permanent funding for non-profit organizations.

The Community Foundation is here to help you with your philanthropy needs. For more information on establishing a fund, contact the Development Office at 1.866.901.2372 or 570.321.1500.