A gift of $10,000 ($20,000 for Scholarship Funds) or more can establish a component fund at the Community Foundation for Nantucket. These funds support the nonprofit organizations and charitable causes that mean the most to you through grants and scholarship distributions.
Donor Advised Funds
Simplify your ongoing charitable giving. You will receive one income tax charitable deduction in the year your gift is made, but you can recommend grants from your fund at any time.
CFN Donor Advised Fund Agreement (PDF)
CFN Grant Guidelines and Fund Activity Policy(PDF)
Designated Funds
Do you have a favorite nonprofit organization? You can support one specific nonprofit of your choice forever.
CFN Designated Agreement (PDF)
Field of Interest Funds
Choose an issue that’s important to you – for example, the arts, education, conservation or health. Distributions from your fund support grants to local nonprofits working in the field you select. You choose an area you are passionate about, and the Foundation selects the best programs and projects to support.
Field of Interest Agreement (PDF)
CFN Donor Initiated Fundraising Policy (PDF)
Field of Interest Project and Partner Funds
Project Funds can be used by organizations that are in the process of filing for charitable status. Groups can establish a fund with CFN to receive charitable support and process costs associated with their mission while their 501c3 application is pending.
In some cases, the Community Foundation establishes Project or Partner Funds to serve as the 501(c)(3) organization for charitable causes so individuals or groups can avoid the time and expense of creating a separate charitable entity.
Field of Interest Agreement (PDF)
CFN Donor Initiated Fundraising Policy (PDF)
Organization Endowments and Organization-Advised Funds
Nonprofit organizations can build resources for a project or focus on creating long-term, sustainable income. The Foundation handles all administrative and investment responsibilities, freeing the organization to pursue its charitable mission. An Organization Fund may be used for specific purposes such as a capital campaign or to build an endowment.
Organization/Agency Agreement (PDF)
Organization/Agency Endowment Agreement (PDF)
Scholarship Funds
Invest in the future of young people and life-long learners. The Foundation manages many scholarship funds, view a complete listing.
CFN Donor Initiated Fundraising Policy (PDF)