Types of Funds
These funds are established to benefit the sponsoring organization. The organizations have the availability of creating both a permanent and nonpermanent fund. The intent of these funds is to help them ensure the future of their causes for years to come.
Minimum contribution of $10,000, payable over 5 years. Arrangements of these funds are created by each individual organization. The establishing organization benefits from the earnings and interest gained on these funds.
Any amount may be given to these funds. Created to provide support directly to services in that county. Interest will be given as grants directed by the County Advisory Committees.
Minimum contribution of $10,000, payable over 5 years. Arrangements of these funds are created by each individual organization. The named county benefits from the earnings and interest gained on these funds either through designations made by an advisory committee comprised of representatives from the named county, or through competitive grants processed by the Western Kansas Community Foundation.
The Foundation serves as a partner with donors in a very special way to specify a particular organization or particular cause. The Foundation makes these grants perpetually.
Minimum contribution of $10,000, payable over 5 years. Fund name is determined by the donor, with grants from interest earnings given to specific organizations which are selected by the donor at the time the fund is established.
Donor Advised Funds
These funds are typically used to promote "family philanthropy" by having donors and their heirs suggest possible grant recipients. This type of fund provides great flexibility to the donor while avoiding the costs and demands of a private foundation. The donor has the option of creating a permanent or nonpermanent fund.
Minimum contribution of $10,000, payable over 5 years. Fund is donor named, with grants from interest given to organizations selected yearly by the donor.
Field of Interest Funds
These funds offer support to charitable causes of particular importance to the donor. Donors become partners with the Foundation by specifying the area that most concerns them. The Foundation then makes grants to the most appropriate programs or organizations within that specified area. Examples of fields include: Arts/Culture, Education, Health & Well Being, Environment, Human Services, Recreation, Development, and Youth.
Minimum contribution of $5,000, payable over 5 years. Fund is donor named, with an area of interest designated by the donor. Grants from interest are awarded to organizations within that specified area and directed by the Foundation through the competitive grant process.
The funds provide support to students through the provision of scholarship funding. Donors of these funds can establish their scholarship funds based on a number of criteria, such as schools students are graduating from, secondary education institutions the students will be attending, activities participated in, among others. Scholarship applications can be reviewed by external scholarship selection committees or the WCCF for the award-making process. Scholarship funds can also be set up to distribute funds directly to a secondary education institution of the donor's choice to have the scholarship awarded by that institution.
Minimum contribution of $10,000, payable over 5 years. Fund name is determined by donor, with interest granted to secondary education institutions for the benefit of those awarded scholarships to continue their education.
Funds for the Future/Legacy Society
These funds are deferred gifts that will transfer assets to the Foundation at some time in the future. The donor may specify the purpose for which these funds are to be used when the fund is established, or the donor may decide to let the Foundation make grants where the funds are most needed in the community.
This type of fund is for donors who have broad community interests and want to give the WCCF the most flexibility in deciding what organizations their funds should support. Donors who establish unrestricted funds become partners by entrusting their assets with the Foundation. They are assured that the Board of Directors would direct those funds to the organizations addressing the community's most pressing needs.
Minimum contribution of $10,000, payable over 5 years. Fund is donor named, with grants from interest given to specific organizations chosen by the WCCF based on knowledge of community needs.