Types of Named Funds

Most named funds may be established with a minimum gift of $5,000 pledged over five years. For a complete list of Funds of the Williamsburg Community Foundation, see the current Annual Report.

Unrestricted (Community Endowment)
You rely on the Foundation’s Distribution Committee to award grants to a variety of local nonprofit organizations through an annual competitive process.

Donor-Advised
You choose which charities you wish to support through a recommendation to the Board of Trustees.  In most cases, a donor-advised fund can be a simpler, less taxing alternative to a private foundation.

Field-of-Interest
You select a broad area of interest, such as education, arts, or civic affairs to receive grants.

Designated
You choose a specific organization or organizations to receive annual distributions from the fund.

Agency Endowment Funds
Nonprofit organizations establishing endowments with the Foundation will benefit from expertise in gift acceptance, investment management and planned giving.

Private Foundations
May be used to create any type of fund. Purposes of the resulting component fund must be consistent with the Foundation's mission, policies and legal obligations.

Scholarship
Scholarship Funds established at the Foundation can be developed to support local students attending any college or university in the country. Donors may select specific criteria and express their personal values through a scholarship fund. Scholarship funds may also be established to provide tuition assistance to a specific local nonprofit grade school or preschool.