Create Your Charitable Legacy Establish a Fund
The Black River Falls Area Foundation was established to help people give back to their communities by meeting their charitable objectives in the most flexible, easy and efficient ways possible. The Foundation features convenience, tax benefits, personalized service, and knowledge of community needs.
What Are The Different Type Of Funds?
A fund may be established in an individual donor’s name, a spouse’s name, company name or any other title you desire. The Foundation offers you the opportunity to form a fund and will advise you on the type of fund most advantageous to you and your family or business.
A Designated Fund allows donors to select a specific charity or charities to receive annual, long-term distributions of interest earned by the fund. The fund can be named after the donor. We regularly review designated charities to make sure that grants to these groups remain relevant over time and responsive to changing circumstances.
Scholarship Funds enable individuals, families, companies, and organizations to help students pursue their academic goals. We administer the scholarship and you may choose to determine the guidelines. Recipients are selected by both school and foundation representatives.
Field of Interest Funds
A Field of Interest Fund allows you to support areas of specific interest such as the arts, human services, education, health, the environment, the elderly or other interests you may have. Our Trustees make grants to support programs and projects within the field of interest you have specified.
Pass-Through Funds are wholly expendable to grant recipients over a period of time as determined by the agreement between the donor and the Foundation. They may be discretionary, designated or field of interest funds.
Donor-Advised Funds allow donors and a second generation to advise our Trustees on the distribution of funds to specific eligible charities. The recommendations reflect the donor’s interests and the donor may make recommendations at any time during the year. Grants can be made outside of Jackson County. Donor-Advised Funds may be endowed or pass-through, discretionary or field of interest funds.
Unrestricted Funds allow the Trustees the greatest flexibility to award grants to projects or programs that have the greatest need at any given time. The fund can be named for the donor.
Agency Funds enable an agency to establish its own fund with the trustees handling the investment and management of the assets, distributing the earnings to the agency.
Legacy Funds recognize individuals who wish to benefit our community through careful estate planning. It can be through a bequest in your will or by naming the Foundation as a beneficiary of a life insurance policy, retirement plan or trust.