Donors Create New Funds at KZCF

Kalamazoo Community Foundation donors established 16 new funds since the beginning of 2018. These include Unrestricted Funds, Donor Advised Funds, Designated Funds, and Scholarship Funds.

“There are a variety of ways donors can establish funds,” says Joanna Donnelly Dales, vice president of Donor Relations. “And we can help donors decide which type of fund best suits their philanthropic vision.”

Here are three examples of these funds:

The Robert W. and Marion S. Barr Fund is an Unrestricted Fund established by Thomas Barr, built over time, in honor of his parents. Donors like Thomas create Unrestricted Funds to address current community needs and invest in the work of nonprofits that are collaborating to make long-term, community-transforming change.

The Greg Jennings Fund, a Donor Advised Fund, was established when The Greg Jennings Foundation dissolved as a private family foundation and transferred their funds to KZCF to support youth education. Donor Advised Funds are convenient, flexible tools for donors like Greg and Nicole who want to personally suggest grant awards from their fund (see the story linked from our homepage: kalfound.org).   

The Peter Tindall Memorial Fund is a Designated Fund for the Vicksburg Community Schools, established with an estate gift from Frank and Marianne Tindall. Income from the fund will provide scholarships to graduating seniors pursuing the skilled trades. Designated Funds are established by individuals or nonprofits to support those agencies now and enhance their resources for the future.

Two other categories are Field of Interest Funds for donors who wish to focus their giving in a specific area, and Scholarship Funds to support post-high school education and training.

Other funds established since January include:

Unrestricted Funds
Freeman and Frances Russell 1919 Fund
Gordon & Janice Bundy Fund
Herbert E. & Margaret G. Pifer Fund
Pruitt & Jones Community Fund

Donor Advised Funds
The Bartlett Group Fund
The Great Heart Fund
Hough Family Fund
P. Timothy & Darlene H. Hybels Family Fund
Tom & Donna Webb Fund

Designated Funds
Glen L. Bachelder Fund for regional history collection at WMU
ISAAC Endowment Fund

Scholarship Funds
Covert Township Community Foundation Scholarship Fund

Phyllis A. Nuyen Scholarship Fund

For a complete listing of all KZCF funds visit: kalfound.org/HowtoGive/ListofFunds. To learn more, contact Donor Relations at 269.381.4416 or donorrelations@kalfound.org.

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