Types of Funds
After you choose a fund, our staff can draft your fund’s language to ensure it will meet your personal goals and preferences. You can choose one fund or multiple types of funds, depending on your 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. Take the first step in opening your fund now.
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 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 community supports that community in perpetuity while serving as your personal legacy. CICF’s staff provides the research and direct 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 you care about, such as the arts, education, health and human services, or the environment. Our staff directs support to the best charitable organizations within your 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 you to create permanent income for an organization(s) of your choice in Central Indiana—or elsewhere—and ensures your support can grow and live on after your 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 you have complex philanthropic goals and wish to create a corporate entity that will perpetuate your family legacy, this type of foundation is for you. 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.
