Your gift to the Waterloo Community Foundation can be given as you direct. Some options are as follows:
Fund for Waterloo
When you make unrestricted gifts to this endowment fund, you provide the Foundation with the greatest flexibility to respond to ever-changing needs in Waterloo. Grants are awarded and operating funds are spent at the discretion of the Board of Directors.
You can name one or more charitable nonprofit organizations to receive distributions of income from the fund in perpetuity. This fund provides stable, predictable sources of income and future financial security to a 501(c)(3) charitable organization of special personal interest.
You can remain actively involved in recommending the charitable organizations to receive grants from your fund. Unless anonymity is requested, the name of the fund is always associated with grant awards. Funds can be endowed or non-endowed.
Field of Interest
You may specify one or more charitable fields of personal interest (arts, environment, education, youth, social welfare, recreation, etc.). The donor relies on our Board of Directors to distribute money from the fund to institutions within that area of interest.
You may establish a scholarship fund in your name or in honor of someone else to help students pursue post-secondary education or training, or those who wish to continue education later in life.
A nonprofit organization can establish its endowment within the Foundation to provide a perpetual source of support. This frees the organization of administrative and investment responsibilities and provides assurance that the endowment will be preserved and may invite contributions.
The Foundation will receive and hold contributions from individuals, corporations, and other organizations that wish to establish a temporary fund to benefit a particular cause or campaign. The Foundation serves as the full-service administrator of gifts received and disburses the fund to the designated charitable entity.