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Fund Types


The Foundation offers many fund types. You may create one fund or multiple types of funds, depending on your goals and the amount you plan to give. 

Funds are simple to create, have no start-up costs, and are tax-deductible.

 

Unrestricted Funds  

($10,000 minimum)

Help address the region’s most urgent needs as they change over time. Support the most promising, creative approaches to strengthening our region.  

The income from unrestricted funds is pooled together to support the Foundation's broad grantmaking throughout Greater Hartford. Approximately 45% of the Foundation’s total endowment is held in unrestricted funds, giving us the flexibility to meet critical needs and respond to opportunities into the future.

Donor-Advised Funds  

($25,000 minimum)

Take an active role in your grantmaking. Partner with the Foundation to support your areas of interest, even as those interests change.

Donor-advised funds offer the greatest flexibility to meet your charitable needs. You recommend grants from your fund to qualified nonprofit organizations throughout Greater Hartford and across the country.  

When choosing organizations or structuring your grant, you can take advantage of the Foundation staff’s expertise on grantmaking and the region’s nonprofit community. You can even involve other family members or future generations in making recommendations.

To compare donor-advised funds to other options, download this chart.

Click here to review our Donor-Advised Fund Guidelines

Scholarship Funds  

($50,000 minimum)

Support a college education for deserving young people or enterprising adults through the Foundation’s College Scholarship Program or separate scholarships. 

With an Individual Scholarship Fund, you can specify student selection criteria. Our knowledgeable staff can help you fine-tune your support to meet your charitable goals.

You, or other fund representatives, may also participate in the Foundation’s board-approved selection process. The Foundation handles all scholarship marketing, distributions and renewals.

Note on the fund minimum: If $50,000 is too large a commitment, you can give any amount to the Foundation's General Scholarship Endowment Fund, where a $10,000 gift allows you to name an annual scholarship award.

Learn more about the Hartford Foundation College Scholarship Program. 

Field-of-Interest Funds  

($10,000 minimum)

Impact a specific interest area, population or town, while tapping into the Foundation’s expertise and knowledge.

Field-of-interest funds combine your interests with the flexibility to respond to changing needs and organizations. Foundation staff will annually identify organizations performing effectively within your chosen focus and award grants from your fund accordingly.

Designated Funds  

($10,000 minimum)

Support your favorite charities with peace of mind, knowing that your fund will live on permanently at the Foundation and continue to impact the community.

A designated fund allows you to give one or more charitable organizations ongoing support. We send these organizations updates on the fund’s value, as well as the income, as long as they continue to carry out their stated charitable purpose.

If the organizations you designated change and no longer serve your intended purpose, or they cease to exist, the Foundation will redirect the income to a purpose as close as possible to your original cause.

Organizational Endowment Fund  

($10,000 minimum) 

Many nonprofits establish funds at the Hartford Foundation as a simple and efficient way to build an endowment and help create sustainability for their organization.

Organizational endowment funds provide a long-term, dependable source of revenue to nonprofits. The Foundation currently manages 29 nonprofit endowment funds for various nonprofits in the region, including the Simsbury Land Trust, The Bridge Family Center and TheaterWorks.

Build-up Option

For all of the fund types, donors can establish a fund with $1,000 or more, and build it up over an agreed-upon span of time. During the build-up phase, all contributions and earned investment income accumulates until the fund balance reaches the minimums stated above. At that point, the fund will become active.

Administrative fees are applicable to various types of funds. To learn more, click here.

 

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