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Fund Options |
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RESTRICTED FUNDS |
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DONOR ADVISED FUNDS: Commonly accepted
definition is that it is a fund where the donor, or a committee
designated by the donor, may recommend eligible charitable recipients
of grants from the fund. The recommendations are advisory and the
governing body must be free to accept or reject them. This type of
fund allows the donor to support their favorite charities while
receiving a tax deduction in the year in which the gift is made and is
able to suggest distributions to specific charities over a longer
period of time.
The suggested minimum amount to establish this type of fund: $50,000. |
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AGENCY ENDOWMENT FUNDS: This type of fund is
created by a not-for-profit agency or organization contributing funds
to provide current income and long-term security for its operation.
The suggested minimum amount to establish this type of fund: $25,000. |
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FIELD OF INTEREST FUNDS: Either an individual
donor or a corporation may establish this type of fund to support a
specific area of the donors concern, such as education, the arts,
youth services, senior activities, etc. The governing board of The
Foundation uses income from these funds to benefit programs or
organizations within the field of interest specified by the donor.
The suggested minimum amount to establish this type of fund: $10,000. |
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DESIGNATED CHARITABLE AGENCY FUNDS: A donor may
establish this type of fund to assure support will be provided to
specific eligible organizations named by the donor, such as a church,
etc. If the organizations should cease to operate, the foundation will
continue the donor’s charitable objectives.
The suggested minimum amount to establish this type of fund: $10,000. |
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NAMED FUNDS: These funds are used to support
community needs, whether they be brick and mortar, or innovative
programs that support our mission: “To “Enhance, Enrich, Encourage and
Support the greater Defiance area.”
The suggested minimum amount to establish this type of fund: $10,000. |
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OPERATING / ADMINISTRATIVE FUND: This endowed fund would
provide support for the ongoing operations of The Defiance Area
Foundation.
The suggested minimum from a single donor: $1,000. |
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PROJECT FUND: This type of fund is established
as a partnership between the foundation and an organization for a
short-term charitable project. Funds of this type are not endowment
funds. Under normal circumstance, project funds will be depleted as
the designated project is finished. This is the only type of fund in
which contributions are spent.
An endowment fund must also be set up through the Foundation.
The suggested minimum amount to establish this type of fund would
depend on the proposed project. |
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SCHOLARSHIP FUNDS:
These funds are to be used to support the knowledge and future learning of a
student for educational purposes.
The suggested amount to establish this
type of fund is $25,000. |
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UNRESTRICTED FUNDS |
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NAMED FUNDS: These funds are used to support community
needs, whether they be through brick and mortar, or innovative programs that
support our mission: “To “Enhance, Enrich, Encourage and Support the greater
Defiance area.” The donor places no restrictions on how income from these
funds is to be used, leaving those decisions to the governing board of The
Foundation.
The suggested minimum amount to establish this type of fund: $5,000. |
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GENERAL UNRESTRICTED FUNDS: The Defiance Area
Foundation welcomes gifts of any denomination. Those gifts that do not fall
under any of the previous categories are deposited into the general
unrestricted fund and used to support a variety of grants within Defiance
County.
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Unrestricted Funds – Used to fund the majority of grants in Defiance County.
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The Defiance Area Foundation General Fund
T.L. Hench Family Fund
Beane Family Fund
Brose Family Fund
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Restricted Funds - Used to benefit specific organizations as listed below.
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Black Swamp Area Council Boy Scouts of America — This fund was
established to benefit the Boy Scouts in Defiance County.
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Community Health Professionals, Inc. – This fund is designed to benefit Hospice patients and Defiance Area Visiting Nurses in Defiance County.
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Defiance Public Library – This fund was designed to fulfill the Mission
of the Defiance Public Library.
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Justin Coressel Fund - This fund was established to provide upkeep and
maintenance for the Coressel buildings at Auglaize Village.
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Defiance Area YMCA – This fund is used to benefit the Defiance Area YMCA.
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First Presbyterian Church Capital Improvement and Mission Trip Fund — These funds are used to benefit First Presbyterian Church.
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Hospice, Caring Way of Defiance County – This fund is to fulfill the
Mission of Hospice, The Caring Way of Defiance County.
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Kid’s Creation – This fund was established to provide on-going
maintenance of Kid’s Creation.
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Sarah’s House – This fund was established to assist Sarah’s House
in supporting its’ Mission.
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Michael Schultz Leadership Fund – This fund was established to provide
leadership and development opportunities in Defiance County.
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Lisa R. Yoder Memorial Scholarship Fund - This fund was established to
benefit first year college students who attend St. Michael’s Catholic Church.
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