Types of Funds
Donors may establish a variety of funds with Truckee Tahoe Community Foundation.
Donor Advised Fund
Donors who want a more active role in grantmaking can establish a Donor Advised Fund. This allows you to recommend charitable organizations to receive grants from your fund. Truckee Tahoe Community Foundation helps you by verifying the charitable status and mission of the organizations and identifying organizations you may want to support. Other family members can also be named as advisors, thereby encouraging children or grandchildren to carry on family philanthropy.
Community Needs and Opportunities Fund
A gift to the Community Needs and Opportunities Fund helps meet the changing needs of North Tahoe, now and in the future. This fund broadly supports the well-being and vitality of the region and its residents, and grants are distributed to qualified organizations seeking support through the Foundation's competitive grants program. When you donate to the Community Needs and Opportunities Fund, you leave decisions about the use of your gift to the Foundation's Board of Directors, relying on the Foundation's extensive experience and reach within the community to know which needs are most pressing.
Field of Interest Fund
Donors who feel strongly about a specific cause or a particular geographical area but do not wish to take an active role in grantmaking may want to give to a Field of Interest Fund. You identify and support a charitable purpose (i.e. economic opportunity, strong and connected neighborhoods, etc.), a category of interest (i.e., arts, education, human services, etc.), and/or a geographic area that you feel passionate about supporting. If you choose to fund an area of interest on a scale broader than our region, TTCF will work with other community foundations to direct grants to appropriate organizations.
Advised Field of Interest/Donor Circles
Donors who with to join with like-minded donors to give collectively may create or join a Donor Circle. Group decision-making on grant recommendations is the distinguishing component of thes funds. Existing funds in this area include the Queen of Hearts Women’s Fund, Lahontan Community Foundation, and corporate funds.
Designated Fund
Donors with strong ties to a particular nonprofit organization(s) may want to establish a designated fund. With a Designated Fund, you designate a charitable organization(s) that your fund will support during and beyond your lifetime. The Foundation actively monitors all of its grantees. If the beneficiary
organization ceases to exist, loses its tax-exempt status, or changes its mission, your gift is redirected to support an organization with a similar mission.
Scholarship Fund
Donors specifically interested in promoting educational opportunity often establish Scholarship Funds. Scholarships may support any level of education, and can be directed toward students attending a particular school, studying in a particular field, or residing in a particular geographical area. Truckee Tahoe Community Foundation helps you administer the funds within the tax laws regarding scholarship grants. TTCF works collaboratively with the Community Scholarship Committee, who selects recipients based on your criteria.
Nonprofit Endowment Fund
Nonprofit organizations can also establish Endowment Funds at Truckee Tahoe Community Foundation. With an Endowment Fund, the nonprofit organization is the designated charitable
recipient of distributions from the fund. Nonprofit endowment funds provide a vehicle for many donors to invest in the future of the organization.
For information about how we can work with you to help your clients, contact Martha Simon, Donor Relations Officer or Lisa Dobey, CEO at 530-587-1776.