Designated Funds
Designated funds are gifts that provides a source of support to a nonprofit organization selected by the donor. Often this gift is made in the form of an endowment fund. In an endowment, the principal is invested and only a portion of the income is paid out. The remaining income is returned to principal to protect the value of the endowment over time. This option provides support for your fund now and forever.
With a designated fund, at the outset, the donor designates one or more charities who will receive the earnings on the fund in perpetuity. Grant checks are mailed automatically once or twice a year, with the donor choosing the best time or according to The Foundation’s schedule of March and/or September. Donors may also opt to reinvest the earnings until the fund grows to an amount desired by the donor. Fees associated with the designated fund are particularly inexpensive, at 0.5%.
To establish a designated fund, or to learn more information, contact our charitable giving team at
GivingTeam@sdfoundation.org or 619-235-2300.