Establish a New Fund
Thank you for considering establishing a new fund with the M&M Area Community Foundation. On this page, you will find an overview of the various types of funds available to support the causes you care about most. Whether you are interested in creating a Donor Advised Fund, a Scholarship Fund, or any of our other fund categories, we offer flexible options tailored to meet your philanthropic goals.
By establishing a fund with MMACF, you become a vital partner in enhancing the quality of life in our community. Explore the categories below to learn how you can make a lasting impact.
Types of Funds
Unrestricted Funds
Your gift will address ever-changing community needs – including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being – arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your unrestricted gift enables the community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.
Field of Interest Funds
Your gift will address ever-changing community needs – including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being – arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your unrestricted gift enables the community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.
Agency Funds
Agency funds allow charitable agencies and organizations to place their endowed funds with the foundation for management and investment purposes. At the direction of the organization, income may be distributed back to them for their general purposes.
Donor Advised Funds
You have ongoing involvement in how your gift is used to support charitable causes. You recommend grants to qualified nonprofits. Our professional program staff is available to help identify nonprofits working to address the issues and needs you care about most. We also handle all due diligence, ensuring nonprofits are in good standing. Your recommendations are submitted to our board for approval; we then distribute grant dollars. Donor-advised funds are great for individuals, families and businesses.
Scholarships
You can use your gift to help students achieve their educational goals, all with the guidance and personal services of the community foundation. You work with our staff to determine the criteria students must meet to receive the scholarship you establish. We handle applications and process scholarship awards.
Designated Funds
You can direct your gift to a specific nonprofit organization or purpose. Help provide ongoing funding for a senior center, museum, or virtually any nonprofit close to your heart. The fund provides a steady and reliable source of annual support. The organization can use a designated fund through the community foundation to build their endowment and enhance their ability to accept large and complex gifts.
Ready to make a difference? Reach out to us today to discuss your options for establishing a new fund. Our team is here to help you find the best fit for your philanthropic goals. Contact us at info@mmacf.org or call (906) 864-3599.
We look forward to partnering with you to enhance the quality of life in our community.