Muskegon Community Foundation: For Good, For Ever.

Staff

Bob Chapla
Vice President
Development
(231) 332-4111

• Why Discuss Philanthropy?
• How We Can Help You
• Helping Your Clients Give
• Advised Funds - Benefits
• Types of Funds
  • Private Foundation?
• Roth Conversion
• Financial & Investment Information
• Charitable Giving Tips
• Advisor FAQs
• Download Center

Types of Funds

If you're interested in leaving a charitable legacy, following are the types of permanent funds that can be created within the Foundation.  The minimum gift level to establish a named fund is $10,000, or $20,000 for scholarship funds. 

Unrestricted - Unrestricted funds support critical unmet needs in Muskegon County, as determined by our distribution committee.  View a sample fund agreement.

Designated - With a designated fund, gifts are made in your name - in perpetuity - to any public charitable organization(s) in the United States that you select. 

Scholarship – These funds may be either field of interest (to support students in specific communities or fields of study) or designated (for specific high schools and/or colleges/universities).  Review our worksheet to define your interests and view a sample scholarship agreement.

Donor Advised - Donor advised funds allow you - and those you name - to recommend grants and the flexibility to change the organizations you support through the years.  View a sample DAF agreement.

Committee Advised  -  Organizations and associations can establish a fund for charitable giving and grantmaking. The committee advises the Foundation on grants to be made from the fund. 

Field of Interest - Donors choose a broad area of interest such as the arts, education, youth, community beautification and development, health and human services and the environment.  View a sample fund agreement.

Organization Endowment - More than 100 Muskegon County nonprofit organizations have entrusted us with management of their endowments and receive regular grant distributions from their fund.  View a sample fund agreement.

Charitable Unitrust – This vehicle combines a charitable gift, the value of significant tax benefits, and an income stream for family members. 

Charitable Gift Annuity (CGA) - A CGA combines a charitable gift to benefit our community and provides the donor a life-long guaranteed fixed income.

Community Service/Nonprofit Support  -  These funds are created by nonprofit organizations seeking Foundation assistance with the administration of a specific program, capital campaign or other service.

Build-A-Funds  - Donors, area nonprofit agencies or organizations can start a BAF to begin building a fund up to a minimum fund level.