Story County Community Foundation

Donor Advised Funds - A donor advised fund is created
within the Story County Community Foundation and allows
you, the donor, to make grant recommendations for
organizations you wish to support. If the fund is not
permanent, grants are paid out of your fund investment
income, principal, or a combination of both.

Donor Advised Permanent Endowment - A permanent
endowed donor advised fund is setup within the SCCF that
allows you, the donor, to make grant recommendations for
organizations you wish to support. Grants are paid out at a
spending rate of 5% annually of the fund balance at the end
of the previous calendar year. A permanent fund is eligible
for Endow Iowa Tax Credits

Unrestricted Funds - These funds are typically created by
visionary philanthropists with broad charitable interests. The
donor of unrestricted gifts gives the responsibility for
selecting grant recipients to the SCCF's Board of Directors,
based on their needs assessment and priority setting
process. These funds offer the SCCF maximum flexibility
and the opportunity to support the creation of innovative
solutions to community issues.

Field of Interest Funds - Education, the arts,
disadvantaged youth and families, and individuals with
special needs are a few of the areas donors support with
Field of Interest Fund designations. Donors may wish to
support healthcare, elder services, libraries or other fields
important to you. The Story County Community Foundation's
Board of Directors determines the specific recipient and
grant amount to be made within the field specified by the
donor.

Designated Funds - Designated Funds are those created
by donors for the benefit of a specified charitable agency (or
agencies) and help ensure the continuity of a specified
charitable organization. Designated Funds also may
distribute investment income to the named organization on
an annual basis, creating a stable income stream.

Agency Funds - Agency Endowment Funds may be
created with the SCCF by a nonprofit agency itself for its
own benefit. They provide benefits such as: receiving a
stable source of annual income, allowing staff and board
members to concentrate on fundraising, providing protection
for the endowed monies, and having the SCCF's Board and
staff of the Greater Des Moines Community Foundation's
assistance where needed. The agency continues to direct
the outflow of monies.

Scholarship Funds - Donors may establish Scholarship
Funds to benefit students of a particular school, geographic
region, educational discipline, gender, academic
accomplishment or other designation but not for a specific
individual.