Every fund has a purpose. amd behind that purpose is a donor with a passion for helping others. Since 1956, thousands of donors have invested in the future of our community. Today, the Foundation has grown to nearly $200 million in assets across 360 different charitable funds. These funds represent decades of gifts with a common goal: to improve lives in Licking County.
Learn more about our fund types below. Inspired? Give us a call at 740.349.3863 to learn how we can help you establish a fund today that can have lasting impact on the things that matter to you.
Check out some of our newest funds, or visit our 2024 Annual Report for a list of previously established funds that are still making a difference.
Types of Funds
Named Unrestricted Funds* Donors who establish unrestricted funds allow the Foundation to make grants that address the community’s most urgent needs and emerging opportunities. Grants are disbursed based on priority areas identified by the Foundation’s Grant Partnership Committee.
Field of Interest Funds* Donors who want their legacy to address a broad purpose, geographic area, or specific cause/issue can establish a Field of Interest fund. Grants from these funds support organizations most aligned with the donor’s intent to create the greatest impact.
Designated Agency Funds* Donors can provide permanent, continuous support to nonprofit organizations or programs nearest to their hearts with a Designated Agency Fund. Grants automatically go out at the beginning of each year to the donor’s selected beneficiaries.
Agency Funds Nonprofit organizations can establish a fund to provide an ongoing source of income for operations and programs.
Scholarship Funds* Individuals, organizations or businesses can establish scholarship funds to support academic and career goals of students seeking a bachelor’s degree, associate degree, professional/graduate degrees or certificate program at accredited U.S. institutions.
Donor Advised Funds Donors can support their long-term charitable goals while actively participating in the giving process by recommending grants to organizations and programs.
Community Charitable Funds Similar to donor advised funds, a CCF helps donors simplify their annual giving and support of their favorite nonprofit organizations. These funds are non-endowed; donors may use part or all of their fund balance to make charitable grants.
Project Funds Individuals or groups who want to raise funds to achieve a specific goal can set up a Project Fund. LCF receives and acknowledges all the gifts and makes grants to cover the cost of the project. Great for specific, short-term projects with a clear community benefit. Gifts to this non-endowed fund type are reserved in a preservation of capital account for expected expenditures.
*These fund types are excellent options for donors considering planned gifts.
