Types of Funds
Donors to the Foundation may reach their charitable goals and philanthropic interests in many ways. Donors may give gifts during their lifetime or provide for gifts to the Foundation as part of a legacy.
Specific ways our Foundation accommodates charitable giving:
- Unrestricted funds: Donors of unrestricted funds give the Foundation the flexibility to use their charitable gifts at the discretion of the Foundation. These donors recognize that the needs of the Lake City area may be dramatically different in years to come. They have confidence that the Foundation will use the unrestricted funds to meet those currently unforeseen needs in the community.
- Field of Interest funds: Donors give to Field of Interest funds to support specific areas of interests such as arts, community improvements, culture, environment, and human services. These donors work with the Foundation in identifying where and how they wish their gifts to be used.
- Designated funds: Donors may specify qualified, existing charities as recipients of their gifts, thereby providing those organizations with a one-time gift or with an ongoing source of income.
- Special Project funds: These funds are held in trust by the Foundation for special projects. Using the Foundation as a fiscal agent allows non-profit organizations to pursue their charitable goals without having to set up a financial infrastructure. It also allows project supporters to receive the maximum tax benefits as allowed by the tax code.
Make a Gift by Mail
Please download, print and mail the donation form:
All gifts to the Foundation are tax deductible and an investment in the community.
Please send donation to:
PO Box 86
Lake City, MN 55041