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Several kinds of funds enable your clients to start giving immediately:
Donor-Advised Funds enable your clients to contribute assets to their fund at any time and then recommend grants to support groups of their choice. They are a flexible, personalized way to support nonprofit groups in South Carolina, elsewhere in the U.S., or anywhere in the world.
Field-of-Interest Funds are a way to provide support to organizations that work on issues that your client specifies. Once they determine the issue(s) they want to support, a community foundation’s program staff identifies suitable grant recipients for their approval. They can either choose an issue of importance to them, or they may recommend grants to specific groups working on the issue(s) they've chosen.
Scholarship Funds are designed for donors who are interested in helping students attend college or university—using criteria of their choice. The fund can support students who are studying a particular subject, attending a specific school, or graduating from a specific school.
Supporting Organizations are separate nonprofit corporations that operate under a community foundation’s charitable umbrella. Through its own board (on which the donor/s may choose to serve), a supporting organization determines its own investment strategy and grant priorities.
Organizational Endowment Funds South Carolina Community Foundations manage endowments established to support nonprofit organizations. Community foundations provide consistent stewardship, professional investment management, and effective administration.
Unrestricted Funds are ideal for donors who want to support their community foundation’s focus areas identified by local boards of trustees for its discretionary grants. This gives their community foundation the greatest latitude in deciding how to direct grants, based on its assessment of changing community needs. |
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