Charitable Giving Fund Options
Planning to make a charitable gift involves plenty of just that: planning. However, your initial excitement of deciding where and when to make a contribution does not need to dwindle into frustration over the details. Our charitable giving advisors are always available to help you make your decisions.
As an individual or with the participation of your whole family, you can choose a fund type, which determines at what level you will be involved in the distribution of funds, a fund classification, which determines how your funds will be distributed, and whether to support an ongoing cause or participate in a Special Project.
Learn more about our:
Fund Types
Here's a glossary of fund types and what they mean.
Donor Advised Fund
Get the greatest flexibility and maximum tax benefits without the
bother of administrative details. You or your designated advisors
can recommend grants to the qualified non-profits of your choice
at any time. Advised funds may be endowments or non-endowments.
Donor Advised Funds.
Legacy Fund
You may want to leave a portion of your estate to support one or
more charitable organizations, to support certain charitable causes,
or to create a scholarship for promising young students, but you
want to ensure your wishes are honored and fulfilled. At The San
Diego Foundation, our business is to receive, administer and provide
ongoing stewardship of estate gifts for charitable purposes. We
ensure our donor's intentions are honored and fulfilled, forever!
Legacy Funds.
Scholarship Fund
The San Diego Foundation's scholarship program brings together students
in need and individuals who care about education to enable more
students to reach their educational goals. We believe that an investment
in area students is an investment in our community -a positive impact
that will be realized long beyond a four-year degree. Scholarship
Funds.
Field of Interest Fund
You identify areas to support, such as education, health and human
services, economic development, and many others, to which charitable
grants will be made.
Designated Fund
Guarantee support for one or more of your favorite charitable organizations.
Designated funds are usually endowment funds.
Discretionary Fund
Gifts are donated to The San Diego Foundation, and the Board of
Governors decides upon the most effective distribution of funds.
Fund Classifications
Endowment
An endowment is a permanent fund. Contributions to an endowment are irrevocable and become assets of The San Diego Foundation. Endowments have two balances:
- Principal
Endowment principal can never be invaded or transferred out of The Foundation. A portion of long-term earnings is posted to Endowment Principal to preserve the endowment's earning power against inflation.
- Distributable
A portion of long-term earnings is posted quarterly to the endowment's Distributable balance, which becomes available for grant distributions.
Non-endowment
All contributions to non-endowment funds are available for grant distributions. They do not have a permanent principal. Contributions to non-endowments are irrevocable.
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