Preserving and Enhancing the Quality of Life in Gloucester County
Types of Funds
To accommodate donors and provide ample flexibility, there are a number of ways to establish a fund with The Gloucester Community Foundation. Please consider establishing one of the following:Donor Advised Fund
You, the donor, make recommendations concerning distributions of income, subject to approval by the Foundation Board. The gift is made to benefit the donor’s general area of interest, but not to a specific organization. The donor’s suggestions are used as a basis to choose recipients of this fund.Unrestricted Fund
This offers the most flexible way to meet a broad range of community needs. Grants are made by The Gloucester Community Foundation where there are significant needs.Designated Fund
You choose a specific organization or group to receive long-term support. Income from your gift is disbursed annually, according to your designation. The Gloucester Community Foundation Board may recommend new recipients, but only if it becomes impractical or unwise to continue providing funds to the original beneficiaries.Memorial Fund
You may establish a fund in memory of a person of your choosing, or someone you may wish tohonor with a lasting testimonial during their lifetime. By establishing a memorial fund with The Gloucester Community Foundation, you create a permanent legacy for future generations.Agency Endowment Fund
This is available for use by other charitable organizations that prefer the advantages of establishing an endowment fund with The Gloucester Community Foundation rather than creating and managing a fund themselves.Scholarship Fund
You may establish a fund, in the name of your choice, to assist deserving persons in obtaining or furthering their educational pursuits.Administrative Endowment Fund
You may wish to make a gift that will provide operating support for the Gloucester Community Foundation.
To learn more about establishing a fund, please email mnost@tcfrichmond.org.