A named fund at the Newtown Community Foundation
enables you to channel your philanthropy in multiple directions
from one source. Any individual, family business, private foundation,
or organization can create a fund at Newtown Community Foundation
by making a contribution of cash, stocks, bonds, real estate, or
Types of Funds
Planned gifts are those deferred to a future
date and may require the assistance of professional advisors. Donors
may make planned gifts to the Newtown Community Foundation through
bequests, trusts, life insurance policies, and charitable gift annuities.
The most common form of a planned gift is a sample bequest, made
when the donor includes the Newtown Community Foundation in his
or her will. The donor may bequeath a gift in general or to establish
a fund of the Foundation.
Funds are established by the
donors who wish to address the current and changing needs of the
community by allowing the Distribution Committee of the Foundation
to direct the funds through a competitive grant process.
of Interest Funds are those for
which the donor has defined the general areas for support (the arts,
environment, education, etc.) toward which the Distribution Committee
will direct funding.
Advised Funds allow the donors
to advise the Distribution Committee how their contributions will
be distributed. Their charitable priorities may change from year
Designated Funds are created
by donors who have identified specific organizations or programs
to receive grants annually.
Funds are those which are established
with expectation that the entire body of the fund will be used within
a specific period of time.
Endowment Funds are established
by non-profit organizations to provide for their financial future.
Generally only the income is disbursed annually, however, in emergency
situations the agency may choose to use part or all of the principal
if approved by a majority vote of their board.