There are several benefits to establishing your named fund at the Foundation:

Your personal recordkeeping is streamlined and reduced, making tax-time preparations much easier.

  • You enjoy the maximum tax benefits allowed by law on your charitable gifts.
  • Governed by a local Board of Directors, the Foundation is in touch with the needs of the Carroll County community.
  • The Foundation lets you know about local giving opportunities that match your interests so you can see firsthand the difference your gift made.
  • Foundation donors are invited to exclusive briefings on issues of interest in the community.
  • The Foundation’s investment policy preserves the principal of endowment funds, allowing grant making from your fund to continue for all time.

Most certainly. Many families have set up memorial endowment funds to remember loved ones, with the proceeds going year after year to charities in their name. There are many ways that the Community Foundation can help honor and memorialize individuals through perpetual charitable gifts. 

You’d be surprised what kind of gifts can be given to start your fund. The Community Foundation of Carroll County accepts cash, stocks, bonds, life insurance policies and real and personal property. Many funds are started through bequests in wills, and through a variety of planned giving instruments. Contact the Foundation for more details, including our gift acceptance policy.

Click here to start a fund.

Click here to start a scholarship.

The Community Foundation administers a variety of funds for you to consider. These may be permanent, endowed funds (which generate grant-making dollars each year), or non-endowed funds (which do not preserve the principal).

  • Donor-Advised Funds are flexible funds that allow you to generate an immediate tax deduction and make grant recommendations later, at your convenience.
  • Designated Funds designated to benefit certain charities, which you pre-select.
  • With Field of Interest Funds, you choose a charitable subject area (for example, the arts or the environment), and the Foundation administers grants from your fund to a nonprofit in that area.
  • Scholarship Funds help students pursue academic goals. You may define guidelines for candidacy, the advisory committee, the school, and the award.
  • Unrestricted Funds offer the broadest giving options, allowing grants to be made where the Foundation’s Distribution Committee determines the needs are the greatest.
  • Agency Funds are established by nonprofit organizations to provide income. The Foundation handles all administrative and investment responsibilities, freeing the organization to pursue its charitable mission