Types of Funds

The Community Foundation of Johnson County offers two types of funds:

Charitable Giving  Funds support immediate needs and may be adapted to changing circumstances. Funds may be dispersed at the owner’s discretion because they are not invested for the long-term.

Endowment Funds require the principal to be maintained intact for perpetuity (or for a defined period of time) and invested to create an ongoing source of income. Five percent of the fund balance may be dispersed annually at the owner’s discretion.

  • Quasi-Endowed Funds - functions as an endowment with the principal expended within a specified period of time.

Charitable Giving and Endowment Funds also offer the following features:

  • Unrestricted Funds – given by donors to provide flexibility to the Community Foundation to address the community’s most pressing needs.
  • Field of Interest Funds – directed to a particular broad field such as the arts, education, health & human services, etc.
  • Annuity Trust Funds - during your lifetime you receive income from your gift and after your death the remaining portion of your gift becomes a permanently-endowed fund within the Community Foundation.
  • Donor-Advised Funds – make it possible for donors to actively participate in grant making by suggesting charitable organizations to receive support.