Types of Funds

One of the primary services offered by the Lake Area Foundation is the creation and administration of various types of funds for charitable purposes. Each type of fund is designed to accomplish certain goals as defined by the donor. The descriptions below can help you choose the right option for you.

Discretionary or Unrestricted Funds: Address the community's most pressing needs and promising opportunities as they change over time.

Donor Advised Funds: Allow you to remain actively involved in your giving. You make recommendations to the Board of Directors regarding distribution of gifts from your fund.

Designated Funds: Support specific charities named by the donor.

Scholarship Funds: Provide access to education to deserving students. Donors define the selection criteria.

Agency Endowments: Enable non-profit organizations to ensure their own future through the creation of an endowment to support their operation or a particular program.

Field of Interest Funds: Benefit an area of need such as education or the arts rather than a specific charity.