Types of Funds

Make a Choice. Make a Difference.

Unrestricted (Discretionary) Funds
Unrestricted funds create living legacies that grow and change with the community. Distributions from these funds are used for grants to nonprofit organizations serving Muncie and Delaware County. Click here to download form (PDF)

Field of Interest Funds
Field of interest funds allow donors to support a cause without having to name specific charities. Donors name the fund's purpose, and we identify the projects that can most effectively address the cause. Click here to download form (PDF)

Scholarship Funds
Companies, organizations, families, and individuals frequently establish scholarship funds. They can be earmarked for students who are graduating from a certain school, studying a specific field, attending a given school, or meeting any number of qualifications. Click here to download form (PDF)

Designated Funds
This allows you the opportunity to name a particular charity or charities to benefit from your gift. The designated charity then benefits from our pooled investment management capabilities. Plus, donors have the assurance of knowing that if the organization ceases to exist, the Foundation's Board of Directors will preserve their original intent by redirecting the fund to a similar use. Click here to download form (PDF)

Advised Funds
Donor advised funds provide maximum convenience and flexibility by allowing donors to make recommendations for distributions to specific charities. It is especially useful for donors who want to take a charitable deduction in one year and make recommendations over several years. Click here to download form (PDF)

Agency Endowment Funds
Agency funds are created by nonprofits to provide funding for the future to assist them in carrying on their mission. Through an endowment within The Community Foundation of Muncie & Delaware County, a nonprofit seeks to build and secure endowment funds and to receive prudent stewardship of their funds. Although an agency endowment fund can only be established by the nonprofit agency itself, donations by others to these funds are welcome. Click here to download form (PDF)

Pass-Through Funds
Pass-through funds are established for specific community needs and over time the funds are expended when projects are completed. Contact the Foundation for these forms.

Acorn Funds
An Acorn Fund allows individual donors and /or Organizations the opportunity to create a legacy.  The donor plants a seed ($1,000 minimum) and grows the fund to the $10,000 level making regular, tax-deductible contributions over a period of up to five years.