FUND TYPES

• Agency Funds
These funds are established to benefit the sponsoring organization. The organizations have the availability of creating both a permanent and nonpermanent fund. The intent of these funds is to help them ensure the future of their causes for years to come.

• Designated Funds
The Foundation serves as a partner with donors in a very special way to specify a particular organization or particular cause. The Foundation makes these grants perpetually.

• Donor Advised Funds
These funds are typically used to promote "family philanthropy" by having donors and their heirs suggest possible grant recipients. This type of fund provides great flexibility to the donor while avoiding the costs and demands of a private foundation. The donor has the option of creating a permanent or nonpermanent fund.

• Field of Interest Funds
These funds offer support to charitable causes of particular importance to the donor. Donors become partners with the Foundation by specifying the area that most concerns them. The Foundation then makes grants to the most appropriate programs or organizations within that specified area. Fields include: Arts/Culture, Education, Health & Well Being, Environment, Human Services, Recreation, Development and Youth.

• Community Betterment
This fund was created to support the Western Kansas community. Gifts to the foundation without a specified designation are added to this fund. It includes one-time gifts, honorariums, memorials etc.

• Scholarship Funds
The donors of these funds established their scholarship funds at schools of their choice. Applications are available at the intended school.

• Funds for the Future/Legacy Society
These funds are deferred gifts that will transfer assets to the Foundation at some time in the future. The donor may specify the purpose for which these funds are to be used when the fund is established, or the donor may decide to let the Foundation make grants where the funds are most needed in the community.

• Unrestricted Funds
This type of fund is for donors who have broad community interests and want to give the WKCF the most flexibility in deciding what organizations their funds should support. Donors who establish unrestricted funds become partners by entrusting their assets with the Foundation. They are assured that the Board of Directors would direct those funds to the organizations addressing the community's most pressing needs.