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
to award grants to a variety of local nonprofit organizations through
an annual competitive process.
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.
You select a broad area of interest, such as education, arts, or civic
affairs to receive grants.
You choose a specific organization or organizations to receive annual
distributions from the fund.
organizations establishing endowments with the Foundation will benefit
from expertise in gift acceptance, investment management and planned
used to create any type of fund. Purposes of the resulting component
fund must be consistent with the Foundation's mission, policies and
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.