Facilitate growth. Inspire change.
At TFEC, we have nearly 100 years of experience working within our communities to facilitate charitable giving. We understand that all donors have individual needs, and our first-hand knowledge of the communities we serve makes us the perfect partner to help you with your philanthropic goals.
Creating a Fund
What type of fund is right for you?
Ensures that grants will be available in perpetuity for the most current community needs. TFEC’s Grantmaking Committees have flexibility to apply income of the fund to the most relevant and promising opportunities within their service areas (Cumberland, Dauphin, Franklin, Lebanon, and Perry Counties, and the Dillsburg area) through a competitive application process.
Area of Interest Funds
Enables donors to support a broad area of concern, such as the environment, arts and culture, or education. TFEC’s Grantmaking Committee then awards grants to nonprofit organizations within the area of interest through a competitive application process. This fund has the flexibility within that area of interest to respond to changing community needs over time.
Donor Advised Funds
Offers the greatest flexibility and allows donors to recommend grants to nonprofit organizations. The fund can be PERMANENT (only income is granted and principal grows in perpetuity), or NONPERMANENT (both principal and income can be granted). Particularly advantageous for donors who may want to make a single contribution and recommend grants to charitable beneficiaries over a period of time.
Looking to have a committee of 3 or more individuals to recommend grants? Create a Committee Advised Fund. This fund operates the same as a Donor Advised Fund except that 3 or more individuals can participate in making charitable distributions.
Committee Advised Funds
Offers the greatest flexibility and allows a committee of three or more individuals to recommend grants to nonprofit organizations. The fund can be PERMANENT (only income is granted and principal grows in perpetuity), or NONPERMANENT (both principal and income can be granted). Particularly advantageous for donors who may want to make a single contribution and recommend grants to charitable beneficiaries over a period of time.
Provides ongoing, permanent support to one or more donor-selected nonprofit organizations. If charitable beneficiaries should cease to function or exist, TFEC will redirect income in a way that will achieve the donor’s original charitable intent.
Benefits students at any educational level. Donors can select the scholarship awardees with assistance from a committee according to objective criteria. TFEC can assist in managing part or all of the application process. TFEC administers the award process and payment of all awards each semester.
This fund enables a charitable organization (agency) to place its own assets with TFEC for permanent endowment purposes. The agency receives an annual income distribution for unrestricted purposes. These funds can be accounted for as assets of the agency (per FASB 136), but are owned by TFEC. The fund can also accept direct contributions from donors, which are accounted for and owned as assets of TFEC.
This fund enables a donor to support TFEC’s general operations by making it a permanent beneficiary. Earnings support the ongoing administration of TFEC. The fund is permanent, meaning that a portion of earnings can be spent to meet administrative needs, and principal is invested as endowment.