Defiance Area Foundation

511 Perry Street
Defiance, Ohio 43512
Phone: (419) 782-3130
Fax:  (419) 782-3174
defoundation@defnet.com

 
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Fund Options
 
RESTRICTED FUNDS
 
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.
 
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.
 
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.
 
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.
 
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.
 
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.
 
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.
 

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.

 
UNRESTRICTED FUNDS
 
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.
 
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.
 


Unrestricted Funds – Used to fund the majority of grants in Defiance County.

The Defiance Area Foundation General Fund
T.L. Hench Family Fund
Beane Family Fund
Brose Family Fund


Restricted Funds - Used to benefit specific organizations as listed below.

Black Swamp Area Council Boy Scouts of America — This fund was established to benefit the Boy Scouts in Defiance County.

Community Health Professionals, Inc. – This fund is designed to benefit Hospice patients and Defiance Area Visiting Nurses in Defiance County.

Defiance Public Library – This fund was designed to fulfill the Mission of the Defiance Public Library.

Justin Coressel Fund - This fund was established to provide upkeep and maintenance for the Coressel buildings at Auglaize Village.

Defiance Area YMCA – This fund is used to benefit the Defiance Area YMCA.

First Presbyterian Church Capital Improvement and Mission Trip Fund — These funds are used to benefit First Presbyterian Church.

Hospice, Caring Way of Defiance County – This fund is to fulfill the Mission of Hospice, The Caring Way of Defiance County.

Kid’s Creation – This fund was established to provide on-going maintenance of Kid’s Creation.

Sarah’s House – This fund was established to assist Sarah’s House in supporting its’ Mission.

Michael Schultz Leadership Fund – This fund was established to provide leadership and development opportunities in Defiance County.

Lisa R. Yoder Memorial Scholarship Fund - This fund was established to benefit first year college students who attend St. Michael’s Catholic Church.
 
   
 
 
Defiance Area Foundation

Defiance Area Foundation
511 Perry Street - Defiance, Ohio 43512