Types of Funds
You build the fund. We take care of the rest.
Brandon Area Community Foundation (BACF) devotes our efforts and expertise to the work of charitable giving.
The foundation belongs to the community we serve and we work to attract wealth with a major focus on planned giving and gifts of assets. Our efforts are focused on ensuring we match donor wishes with community needs, maximizing personal financial benefits and balancing current future and personal interests.
This fund allows the Board of Directors to decide where the earnings can be used most effectively each year. This fund provides flexibility in responding to the ever-changing needs in a community.
Field of Interest Fund
A donor identifies a general area of interest for the earnings to be directed and the Board selects appropriate organizations and projects each year that fulfill those wishes.
The donor specifies one or more charitable beneficiaries and each year the earnings are directed in accordance with the donor wishes. Adjustments can be made to maintain the donor’s intent should a specified charity change names, purpose or no longer be in existence. Bursaries are scholarship endowments that fall into the Designated Fund category.
Donor Advised Fund
This fund provides the donor with the ability to advise the foundation each year regarding the charitable organization(s) that will benefit from the fund earnings. The agreement can provide a general direction and the foundation will research a provide options to the donor if they wish.
Each specific endowment fund established will fit into one of the above fund types.
Other Fund Options
Flow Through Fund
Flow-Through Funds are non-permanent funds that donors wish to be passed through the foundation to qualified charitable organizations. These funds are not invested and the entire amount may be disbursed at any time as specified by the donor. A Flow-Through Fund accommodates those donors who wish to immediately impact their community and protect their anonymity for philanthropic work.