Other Types of Funds

Types of Funds

Depending on the type of impact or amount of flexibility you want to have, there are several options for creating your fund at the Community Foundation:


Donor Advised Funds allow you to organize all of your charitable activities through one professionally managed, cost-effective charitable vehicle. Your gift qualifies for an immediate tax deduction and you can take your time making grant distributions from the fund.

Donor Advised Funds are the best option for donors who like to take a hands-on approach to giving or who want to involve the whole family in decisions about giving.

Download this one-pager to learn more about establishing a donor advised fund at Arkansas Community Foundation.

Read more about the benefits of creating a donor advised fund and partnering with Arkansas Community Foundation.


A Designated Fund allows you to support particular charities or schools on an ongoing basis. You select the organization you want to support, and the Community Foundation will make annual grants from your fund to the organization you specify.

Designated Funds work well for donors who want to support a favorite charity for the long-term. 


Similar to a Designated Fund, an Organizational Fund supports a particular nonprofit organization. However, this type of fund is set up by the organization itself to benefit its own operations (whereas a designated fund is set up by an outside donor). For more information on the benefits of partnering with Arkansas Community Foundation for an Organizational Endowment, and a list of frequently asked questions, download the Organizational Endowment FAQ. 


Field of Interest Funds are designed to create a resource to support the charitable purpose or geographic area you care about most deeply. You choose the fields you want to support and Community Foundation staff and advisory committees will handle the details of grantmaking within the parameters you provide.

Field of Interest Funds are the ideal choice for donors who want to make a deep impact in a single area.


Scholarship Endowments provide financial support for students seeking higher education. You determine the eligibility criteria for your scholarship, and leave the administration to the Community Foundation.

Scholarship Endowments are designed for donors wishing to support the educational development of individual students.


Foundation Directed Funds are designed to meet the changing needs of Arkansas and its communities. Grants are selected by Community Foundation staff and advisory committees to address the greatest needs.

Unrestricted/Foundation-Directed Funds are ideal for donors who want to give back to the community at large and have a wide range of charitable interests. 

Our signature Giving Tree Endowments are considered unrestricted. Find out more about how a gift to your local Giving Tree Endowment can help you meet your charitable goals.