FOR PROFESSIONAL ADVISORS: Overview • Right for Your Client? • Advantages Giving Now Giving Later • Bequest Language Types of Funds Comparing Donor-Advised to Private Foundations FAQs Resources Legacy Foundation Financial Information Planned Giving Weekly News	For Professional Advisors Types of Funds Most funds at Legacy Foundation are endowed, providing a permanent source of funding for the community. Each year, 5% of the average fund balance of these endowed funds is available for grantmaking, with the remaining principal serving as a renewable source of charitable giving forever. Unrestricted Funds: Committees comprised of community-minded leaders review the candidates, conduct site visits, and make funding recommendations. Unrestricted Funds Agreement (PDF) Field of Interest Funds: Donors determine the specific area of charitable concern and grants are made from the fund accordingly, at the discretion of the Foundation Board. Field of Interest Funds Agreement (PDF) Donor-Advised Funds: Flexible tool for charitable giving allowing donors to be actively involved in grantmaking, with as little or as much help as desired. Donor-Advised Funds Agreement (PDF) Scholarships: Typically award grants for tuition to deserving students, based on criteria defined by the establishing donor. Scholarship Fund Agreement (PDF) Designated Funds: Provide a source of permanent funding to benefit one or more charitable organizations designated by donors. Designated Funds Agreement (PDF) Organization Endowments: Established by an organization to provide a source of permanent fiscal support for the on-going operational needs of that organization. Legacy Foundation has provided these templates to assist you in consulting with your clients. If you have questions please contact us at 736.1880 or info@legacyfoundationlakeco.org.
		1000 E. 80th Place, Suite 302 South, Merrillville, IN 46410 | Phone: 219-736-1880 Legacy Foundation is designated a 501(c)3 not-for-profit organization. All contributions are tax deductible to the fullest extent of the law. © Legacy Foundation and its licensors. All rights reserved.