Coastal Community Foundation

Types of Funds at Coastal Community Foundation

Donor-Advised Fund

The donor actively participates in the grantmaking process by recommending to the community foundation the purpose and/or organization(s) which might receive the annual income. These recommendations must then be approved by the foundation's board of directors. Donors may appoint successor advisors to the fund.

Designated Fund

The donor directs the community foundation to pay the annual income to a specific named organization or organizations in perpetuity (an agency endowment). Grants will be made to the named organization(s) in perpetuity, so long as the name nonprofit organization(s) remain in existence and continue to fulfill their intended purpose. The fund may be named after the donor.

Field of Interest Fund

The donor directs the community foundation to utilize the annual income in a certain program area such as education, health, youth, the environment, etc., with the community foundation determining the specific recipient from time to time. Examples of field of interest funds are the Education PLUS! Fund and Mental Health Fund.

Scholarship Fund

The donor establishes the criteria for the scholarship. Awards can be for a particular area of study, specific college, university or trade school. The Foundation works with the donor(s) to establish criteria that meets their goals. A minimum of $15,000 is needed to establish a scholarship fund. Funds may be built over a few years.

Unrestricted Fund

The donor allows the community foundation the discretion on the use of annual income for a broad range of community issues. This provides the foundation the opportunity to respond to changing community needs. The fund may be named after the donor.

Agency Fund

Other nonprofit organizations place their endowment funds with the community foundation for management and investment purposes. The community foundation regularly distributes the annual income back to these agencies for their general purposes.

Acorn Fund

Donors may establish an endowment fund over time. An initial gift of $1,000 is required to start the fund. The donor(s) can build the fund to the minimum level over three years. Until the balance reaches the minimum level, the funds are placed in a money market account. The fund does not retain any earning. If the minimum fund balance is not reached in three years, the Board will work with the donor(s) to distribute the funds for charitable purposes.

Philanthropy Club Foundation

Teaching the Art of Giving . . Local philanthropists Steve Knight and David Baker created the Philanthropy Club Foundation to help children learn about the art of giving by supporting local nonprofit organizations that provide important services to the community. By introducing young students to the notion of giving time, talent and treasure without expecting something in return, the Philanthropy Club instills in future leaders of the community the important lesson that the "gift of giving far exceeds the gift of getting."

Women Address Community Issues

Hand to Hand, a women's fund was launced in 2009 by 19 women. Today, approximately 40 women from various areas in the county have pooled their charitable resources to benefit causes that directly benefit women and girls. Grants will be awarded this fall for mentoring programs for girls and programs that help women re-enter the workforce or provide education and job training. "We believe that we can accomplish more together than we can alone," indicates Alice Jacobson, chair of the effort.

Philanthropy Spotlight: Coastal Community Foundation

Established in 1987, the Coastal Community Foundation is a resource and service for the north coastal communities, including Carmel Valley, Del Mar, Solana Beach, Encinitas, La Costa, Carlsbad and Oceanside. Through the power of endowments and grant making, donors personalize giving in a way that meets their needs and desires. The Foundation staff and board help connect donors to causes they care about the most. Individuals are ensured that their donation will continue to work to make their communities better and stronger in perpetuity.

Education PLUS! Grants Fund Classroom Projects

In fall 2010 elementary and middle school teachers can apply for mini-grants ranging from $250-1000 for classroom projects. Eligible school districts are: Cardiff, Del Mar, Solana Beach, Encinitas, Carlsbad, Oceanside and San Dieguito. See the grants page for more information.

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