Open a Fund
As your partner in philanthropy, our objective is to help you give strategically and easily. We offer a broad range of funds to meet your charitable giving goals. For all our funds, we provide professional stewardship and oversight to ensure that your intentions are honored during your lifetime and beyond.
We offer fund advisors:
Flexibility and Focus
You advise on how, when and where to spend the money. The Community Foundation staff helps you transform your wishes for the valley into action.
Reliability
Charitable funds are invested and professionally managed in a large and diversified portfolio.
Financial Stewardship
We help you achieve maximum tax advantages and work with your financial planners and attorneys to incorporate giving into your plans.
Support and Leadership
Our professional staff are your ongoing partners in realizing your charitable interests.
Types of Funds
Donor-Advised Funds
A donor-advised fund, or DAF, is a flexible tool for charitable giving. The donor receives tax acknowledgment for the full amount of the contribution at the time the donation is made, then makes recommendations for grants to charitable organizations out of the fund over time. A DAF allows the donor to receive a tax benefit for the charitable donation when it is most advantageous while giving time to be thoughtful about where grants will have the greatest impact.
Learn more about the benefits of a DAF
Designated Funds
Designated funds are established by a donor (Donor Designated) or YVCF’s Board of Trustees (Board Designated) to support one or more beneficiary organizations. These funds can be endowed or non-endowed. A Qualified Charitable Donation (QCD) Fund is a special type of designated fund for donors that enable charitable donations directly from a taxable IRA which may fulfill part of a Required Minimum Distribution.
Field of Interest Funds
Field of interest funds support a broad charitable purpose or category of interest, such as the arts, education, or human services, or a particular geographic area. These funds rely on the Foundation to identify organizations capable of making the greatest impact in the specific issue area or region defined as the Charitable Purpose of the Fund. These funds can be endowed or non-endowed.
Scholarship Funds
Scholarship funds support students pursuing post-secondary education. The charitable purpose, eligibility criteria, and selection committee are defined when the fund is established. Donors receive a charitable tax benefit for their contribution, and the Community Foundation manages the fund, applications, and distribution of grant awards to qualified educational organizations. Scholarships can honor a loved one, award an achievement or program participation, and may be directed to a specific school or field of study. These funds can be endowed or non-endowed.
Learn more about YVCF’s Scholarship Program
Agency Funds
An agency fund is established by a nonprofit organization to provide short or long-term support of the nonprofit’s operations. Depending on the agency’s asset reserves as well as other considerations, a fund can be a non-endowed fund used for mid-term rainy day expenses or an endowed fund for long-term sustainable support of programs and operations. The Community Foundation holds and invests the assets, providing responsible and professional fund management and administrative support and an opportunity to benefit from investment gains, allowing the nonprofit to focus on their mission.
Learn more about YVCF’s Agency Endowment Management services
Legacy Giving Funds
A “legacy fund” is established by a donor during their lifetime to be activated upon their passing and seeded in accordance with the donor’s estate plan. Legacy funds can be Designated, Field of Interest or Scholarship Funds, and can be endowed or non-endowed.
Learn more about becoming a member of the Sleeping Giant Society
The Community Foundation works with donors and organizations to meet their charitable giving goals and can suggest a fund designed to fulfill your objectives. We invite you to contact YVCF to discuss the right vehicle for your giving and how we can help you realize your charitable interests. Contact Traci Hiatt at traci@yvcf.org or 970-879-8632.
Every day we meet with partners, new and longstanding, to pass on our passion to build a better Yampa Valley. If you have a passion, we can help you find the best way to pass it on.