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 mutual funds.

Types of Funds

• Unrestricted/Discretionary Funds
• Area of Interest Funds
• Donor Advised Funds
• Donor Designated Funds
• Temporary/Pass-through Funds
• Agency Endowment Funds

Funds of the NCF

• Michael Clark Memorial Scholarship Fund
• Abigail Fishberg Memorial Scholarship Fund
• Nathaniel Gripp Scholarship Fund
• Cindy Abovitz Memorial Scholarship Fund
• Newtown Arts Company Endowment Fund
• Newtown Rotary Endowment Fund

Planned Giving

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.

Unrestricted/Discretionary 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.

Area 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.

Donor Advised Funds allow the donors to advise the Distribution Committee how their contributions will be distributed. Their charitable priorities may change from year to year.

Donor Designated Funds are created by donors who have identified specific organizations or programs to receive grants annually.

Temporary/Pass-through Funds are those which are established with expectation that the entire body of the fund will be used within a specific period of time.

Agency 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.