Our Funds
The Community Foundation of Shelby County is a collection of charitable funds. Each fund has a purpose for which grants are disbursed. Funds can be tailored to narrowly or broadly support causes, geographic areas, or organizations you favor.
Most charitable funds are intended to be long term or permanent, but some have a defined span. Investment returns and new gifts help grow the fund and provide the amounts disbursed as grants. See our Comparison of Fund Types.
Fund Types
- Community granting: These funds award grants in the Shelby County area as needs, projects and organizations in the community change. A diverse group of volunteers reviews grant proposals submitted by local organizations and recommends where grant dollars go to today’s pressing needs.
- Field of interest: Give granting discretion to our board, but within geographic areas or causes as defined by the fund’s donor.
- Donor-advised: Donor Advised Funds keep you involved with the charitable fund, by recommending grants from the fund to your favorite charities. You can also invite family members to be current or future advisors and stipulate a future use of the fund to carry on charitable giving after you’re gone. Donor Advised Funds
- Gift accounts: If you make regular gifts to charity and want more tax advantages, this free Donor Advised Fund option can be funded with appreciated stock and then issue sale proceeds over time to other charities. It’s a great way to ‘bunch’ your giving and learn about grantmaking and charitable funds. Learn more about Gift Accounts.
- Organization: Organization funds are created by a charity to help with ongoing support or a reserve for those years when the budget is more strained than usual.
- Project: Organization boards and steering committees create a Project Fund to receive money raised for community capital projects.
- Designated: The Fund agreement names the charity to receive annual payments and any organizations or causes that will benefit if the named organizations cease to exist.
- Scholarship: Scholarships assist graduating high school seniors, current college students and adult students with the cost of their college education or vocational training.
- Supporting organization: A supporting organization is a unique blend of a private and public foundation. By connecting to the Community Foundation, it receives our administrative services, its contributions are deductible to the higher public foundation levels and it is free of the private foundation payout and many compliance rules. Supporting Organization Funds
Fund Names
Donor Resources
Other Helpful Resources:
Donor Advised Funds and Gift Accounts
Submitting a Grant Request Through the Online Portal
Bunching Your Charitable Giving Makes the Most of Tax Laws