Donor Advised Funds
A Donor Advised Fund (DAF) is a giving vehicle that provides you with immediate tax benefits and allows you to support your charities of choice through grant recommendations on your own timetable. Donor Advised Funds are the most efficient, cost-effective alternative to private or family foundations.
Donor Designated Funds
A Donor Designated Fund allows you to choose one or more specific charitable organizations to support, after which WCCF will distribute grants to only the organizations you have chosen on a timeline you have selected.
An Agency Fund is established by a tax-exempt nonprofit organization or “agency.” It allows the organization to focus on its mission rather than spend time identifying and supervising investment managers. It also helps nonprofits with gift planning and endowment-building to ensure their long-term financial sustainability.
Restricted Scholarship Funds
A Restricted Scholarship Fund is a scholarship fund where you can select the receiving institution and establish the selection criteria (subject to applicable laws) but do not actively participate in the selection of recipients.
Field of Interest Funds
Field of Interest Fund (FOI) supports a specific area of ‘interest’ that you define. You identify an area of charitable interest — as broad or narrow as you choose — and Waukesha County Community Foundation (WCCF) evaluates organizations that do the best work in the interest area and then makes grants to the organization(s) that best fit your interest.
Project Funds are non-endowed funds that serve temporary purposes. Contributions are welcome and encouraged.
Unrestricted Funds provide funds for responding to competitive grant requests serving Waukesha County’s greatest needs as determined by a volunteer Grants Review Committee and the Board of Directors.
Artesian Funds require a gift of $1,000 to begin and future contributions to eventually establish Donor Advised, Donor Designated, Field of Interest or Unrestricted Funds.
Children’s Charitable Funds
Children’s Charitable Funds are created for those under 18 years old with a minimum gift of $500 and a pledge to make regular contributions to bring the fund’s corpus to a minimum of $5,000.
Corporate, Private Foundation, Other Giving Options
For corporations and businesses, the WCCF could provide simplicity for your charitable giving. If a company foundation exists, charitable assets can be transferred to the Community Foundation. Administrative and reporting requirements are handled by the Community Foundation, along with investment management.
Charitable organizations can transfer their investment assets or endowment funds to the Community Foundation, which would serve as the umbrella organization for the charity. Benefits include freedom from setting up a separate foundation, tax reporting, federal and state regulatory registration, annual auditing, and investment management. Other Community Foundation donors would be invited to add to the fund.
Additionally, private foundations can also transfer assets to a community foundation. This eliminates having to handle the ongoing administrative duties. In these situations, the donor’s charitable intentions are always preserved.