Types of Funds

Types of Funds Held by ACAF

Designated Fund: Established to benefit a specific organization (e.g., library, cemetery).

Donor-advised Fund: Donor may establish general criteria for awards and make recipient recommendations, which are non-binding, to ACAF.

Field-of Interest Fund: Support a general type of endeavor (e.g., local history, public health).

Non-endowed Fund: These are funded annually by donors.



Scholarship Fund: Donor may specify general criteria (e.g., high school, college, academic program) but not select recipient.

Unrestricted Fund: Grant funds with broad or non-specific criteria, giving ACAF flexibility to devote support to where it is most needed.

We generally suggest a minimum of $10,000 to establish an endowed fund but will start at a lower figure if the donor(s) show a solid commitment to build the fund over time.