CACF Fund Types

CACF offers donors tangible ways to make a difference in the Charlottesville-area community through a variety of funds administered as permanent endowments. Gifts are invested for long-term growth, with the income and a portion of the appreciation used to make grants. Grants are awarded to local individuals and groups based on specific criteria determined by the donors. This allows donors to feel a keen sense of connection with those who benefit from their donations.

Types of Charitable Funds
 
Unrestricted Funds – meeting a variety of changing community needs
An unrestricted gift to CACF will allow your client to help the foundation meet a broad range of community needs—including those that cannot be anticipated at the time of the gift.  Through the Foundation’s Community Endowment, the board and staff respond to the most pressing local needs as they change over time.
 
Donor Advised Funds – giving from a personal perspective
You  can have an ongoing involvement in the use of their gift by recommending gifts to address issues and needs in the community that he or she cares about most.  Your client’s recommendations are submitted to our board for approval and then our staff distributes the grants.
 
Scholarship Funds – assisting deserving students
You can set up a scholarship fund to support students in their pursuit of a higher education.  Your client determines the criteria that students must meet in order to receive the scholarship and CACF staff will handle the administrative details.
 
Field of Interest Funds – impacting a specific area of need
You can target your gift to have an impact on a particular area of community life—arts, education, animals, aging, environment, etc.  Once you have identified an area of interest, our board will award grants to community organizations working in that field.
 
Designated Funds – helping to sustain local organizations
You client can designate a specific nonprofit organization(s) that will receive regular gifts from a designated fund at CACF.