Types of Funds
Education, health care, music, parks. Whatever your charitable interests, whether you have $5,000 or
$1 million to give, LVCF offers simple, flexible, and rewarding options.
For decades, the Lehigh Valley Community Foundation has helped donors with their charitable contributions with a simple, powerful and highly personalized approach. Establishing a charitable fund at the Community Foundation will help create a lasting legacy. To create a fund, you will need to decide what type of fund will best serve your interests and the type of gift you will make to create the fund. The Community Foundation staff will help to guide you through this process. Simply contact us at (610) 351-5353 to learn more.
Funds are classified as endowed or nonendowed (See the difference - click)
Area-of-Interest Funds: Choosing a Cause
An area-of-interest fund supports programs & initiatives that tackle issues of your choosing, such as the environment, camperships, or no-kill animal shelters.
A donor-defined area-of-interest fund awards grants based on the recommendations of a community committee that oversees a specific initiative.
A discretionary area-of-interest fund awards grants based on LVCF’s own community research to identify worthy charitable programs in the specified area-of-interest.
Community Partnership Funds: Meeting the Region’s Changing Needs
Community Partnership Funds make sure the needs of tomorrow’s Lehigh Valley are met. Donors rely on the deep community knowledge & experience of the Community Foundation to support the effective work of nonprofits throughout the region, forever.
Thanks to our visionary donors, LVCF currently has over 20 Community Partnership Funds that annually grant over $300,000 to Lehigh & Northampton Counties.
Unrestricted Funds: Supporting Your Community Endowment
The flexibility of unrestricted giving enables the Community Foundation to respond to the community’s most pressing needs, including its own operations, today and tomorrow.
Designated Funds: Defining Your Giving
Name specific nonprofits to receive grants, and we will make those grants over time. Should circumstances significantly change, our board can put the money to use for other similar charitable work. Giving parameters are set at the time the fund is established, so your giving is on auto-pilot. It is the most common way to preserve your charitable legacy.
Donor-Advised Funds: Remaining Deeply Involved in Your Giving
These funds are a simple and powerful charitable giving solution that offers the ability to separate the tax decision from the giving decision. Donors remain involved in their philanthropy by working with LVCF’s experienced grantmaking staff to suggest ongoing uses for the fund – supporting the causes you care about most.
You recommend a grant, we do the paperwork and due diligence. We offer personalized service and deep community knowledge – a true partner in philanthropy.
Agency Funds: Focusing on the Nonprofit Mission
Establishing an agency fund (also known as organizational fund) allows a nonprofit to focus on its mission while benefitting from the operational efficiencies, oversight and visibility that LVCF offers.
Scholarship & Award Funds: Furthering Education
These funds allow donors to invest in the future by helping deserving students pursue higher education. Students benefit from the financial assistance as well as the academic recognition of being a scholarship recipient.
Grow-A-Funds: Working Towards the Future
The purpose of a Grow-A-Fund is exactly that – to provide an option to “grow” a fund over time until it meets the minimum fund value required to establish a permanent fund at the Community Foundation.
Memorial & Celebration Funds: Remembering Someone Special
Establishing a Memorial or Celebration Fund is an excellent way to honor family members, friends or associates and to preserve their legacies. Memorial & Celebration Funds are popular in situations when multiple donors will contributing to the fund over a fixed period of time.
ASK ERIKA | Ask me which type of fund is right for you and how the Community Foundation can help you create a lasting legacy and make a difference in the community....
Erika Riddle Petrozelli, CPA
Vice President for Philanthropy
840 West Hamilton Street, Suite 310, Allentown, PA 18101
610 351-5353 Ext. 13 | Erika@lvcfoundation.org