Types of Named Funds in The Oxford Community Foundation

• Donors place no restrictions on how the income from their Funds is to be used
• The Grants Committee has leeway to respond to unanticipated grant requests or requests for which there is no restricted named Fund.
• An Unrestricted Fund can respond to changing needs in the Oxford area.
• A minimum of $5,000 is needed before income from the Fund, invested for a year, is available for grants
• A 1% fee is charged two times per fiscal year.
• Subject to financial market performance, approximately 5% of the Fund is available for grants each year

• Donors designate a particular non-profit organization or field of interest to receive grants from their Fund
• If the designated organization or need ceases to exist, and the original donor is no longer living, changing the restriction on the Fund can be time-consuming and expensive
• A minimum of $5,000 is needed before income from the Fund, invested for a year, is available for grants
• Subject to financial market performance, approximately 5% of the Fund is available for grants each fiscal year

• An organization initiates a Fund to serve its charitable objectives
• Restricted Fund precepts apply

• Donors may make suggestions or offer broad guidelines as to which organization or fields of interest receive grants
• Donors may specify that income only or principal and income be distributed from the Fund. If they choose to, they may spend the Fund to zero
• A 1% fee is charged two times per fiscal year
• At the death of the donor, &/or his or her designee, or five years of inactivity with neither deposits nor advised expenditures, these Funds become part of the unrestricted resources of the Foundation
• To continue the Fund after death, a donor may include in a will an additional amount, if needed, to endow a Fund.

• Donors may give to the Foundation during the year that is financially most beneficial
• Donors write suggestions for donations (that match the Foundation's charitable objectives), and a check is written to the charity from the Charitable Gift account.

• Donors make a gift to the Foundation with the stipulation that the entire amount be spent within a particular time period
• Donors may restrict funding to a particular project or leave the Fund flexible to be used at the discretion of the Grant Committee.
• A 2% fee is charged on each deposit/gift

• May be either Flow-through or Restricted
• Require a minimum scholarship award of $500.00.
• Minimum endowed Fund for a scholarship is $25,000.

• Are designated to support the day to day operations of the Foundation
• Approximently 5% of the Fund is available each fiscal year to be used for administering the Foundation
• No fee is charged