Laura Heintzelman
President & CEO
(231) 723-7269

Types of Funds

Described below are the types of permanent funds that can be created within the Manistee County Community Foundation.  The minimum gift level to establish a named fund is $5,000, or $10,000 for scholarship funds. 

Unrestricted - Unrestricted funds support critical unmet needs in Manistee County, as determined by our distribution committee. 

Designated - With a designated fund, gifts are made in your name - in perpetuity - to any public charitable organization(s) in the United States that you select. 

Scholarship – These funds may be either field of interest (to support students in specific communities or fields of study) or designated (for specific high schools and/or colleges/universities). 

Donor Advised - Donor advised funds allow you - and those you name - to recommend grants and the flexibility to change the organizations you support through the years. 

Committee Advised  -  Organizations and associations can establish a fund for charitable giving and grantmaking. The committee advises the Community Foundation on grants to be made from the fund. 

Field of Interest - Donors choose a broad area of interest such as the arts, education, youth, community beautification and development, health and human services and the environment. 

Organization Endowment - Manistee County nonprofit organizations have entrusted us with management of their endowments and receive regular grant distributions from their fund.

Charitable Unitrust – This vehicle combines a charitable gift, the value of significant tax benefits, and an income stream for family members. 

Charitable Gift Annuity (CGA) - A CGA combines a charitable gift to benefit our community and provides the donor a life-long guaranteed fixed income.

Community Service/Nonprofit Support  -  These funds are created by nonprofit organizations seeking Foundation assistance with the administration of a specific program, capital campaign or other service.

Build-A-Funds  - Donors, area nonprofit agencies or organizations can start a BAF to begin building a fund up to a minimum fund level.