Types of Funds

We can work with you to create a solution that meets your goals to make the most impact with your giving. Below are several fund options we offer, and you can create these using a gift now or a planned gift in the future. For a complete list of funds of the Williamsburg Community Foundation, see the current Annual Report.

Community Endowment
The Foundation’s Distribution Committee will review applications and determine recipients from your Community Endowment Fund based on changing community needs. You may also make a gift in any amount to the general Community Endowment.
Minimum initial gift to start your fund: $10,000
Example: Jane and Bob Taylor’s Community Endowment Fund

Field-of-Interest
You select a broad area of interest to receive grants from your fund.
Minimum initial gift to start your fund: $35,000
Example: The Genevieve McGiffert Memorial Fund for the Musical Performing Arts

Area Funds
You can make a gift in any amount to one of the Foundation’s Community Endowment Area Funds for Arts and Culture, Children and Young Adults, Environment and Conservation, Scholarship, Health & Wellness, or Senior Services. The Foundation’s Distribution Committee will make annual grants from these funds to programs in those specific areas.

Donor-Advised
You choose which charities you wish to support through a recommendation to the Board of Trustees. In most cases, a donor-advised fund can be a simpler, less expensive alternative to a private foundation.
Minimum initial gift: $10,000 (non-endowed) $35,000 (endowed)
Example: Elizabeth C. and William J. Wilhelm Fund

Designated
You choose a specific organization or organizations to receive annual distributions from the fund.
Minimum initial gift: $10,000
Example: John D. Walker Memorial Endowment Fund benefitting Dream Catchers

Agency Endowment Funds
Nonprofit organizations establishing endowments with the Foundation will benefit from expertise in gift acceptance, investment management and planned giving.
Minimum initial gift: $10,000
Example: Avalon Endowment Fund

Scholarship
Scholarship Funds established at the Foundation can support local students attending any college or university in the country. Donors may select specific criteria and express their personal values through a scholarship fund. Scholarship funds may also be established to provide tuition assistance to a specific local private nonprofit grade school or preschool.
Minimum initial gift to start your Scholarship Fund: $35,000
Example: The Swain Family Scholarship Fund

Gifts in any amount can be made to the WJCC Scholarship Fund (for current year scholarships) or to the WJCC Scholarship Endowment (for future scholarships).

To learn more about starting a fund, contact Executive Director Nancy Sullivan at 757-259-1660 or ncsullivan@williamsburgcommunityfoundation.org