Aspen Community Foundation manages several types of funds to meet the needs of donors, nonprofit organizations, and the community. ACF assists fund advisors by maintaining fund records, researching potential grant recipients, ensuring that distributions are made to qualified tax-exempt organizations, and connecting donors with potential fund recipients.
Establish A Fund at ACF
Donor Advised Funds and Memorial Funds
Donor Advised and Memorial Funds offer the advantages of a private foundation, yet have lower management costs and greater tax benefits. With a minimum contribution of $10,000 you can establish a fund in the name of your family, your business, or anyone you wish to honor. Donor advisors are able to actively participate in the giving process by recommending organizations to receive grants from their donor advised funds.
Field of Interest Funds
Field of Interest Funds allow a donor to invest in specific causes. These funds can support a broad array of interests such as the arts, education or health. The donor specifies his interest at the time the fund is created and may rely on ACF to identify organizations capable of making the greatest impact.
ACF’s scholarship funds brings together students in need and individuals who care about education to enable more students to reach their educational goals. Scholarship funds may be established to benefit a specific student demographic, school or field of study.
Nonprofit organizations may place their endowed funds at ACF, thus assuring donors that funds earmarked for the future will be invested wisely and used appropriately. ACF manages the fund as part of its investments and then distributes an annual payment to the organization.
Designated Funds ensure long-term support for a specific nonprofit organization, identified by the donor at the time the fund is established. The named organization receives an annual disbursement from the designated fund.