Establish a Fund

“I am passionate about education, and my family’s scholarship fund at Legacy Foundation ensures Lake County students attending law school have the financial support they need to focus on studying.”

Janet Moran,
Owner, Copywrite Communications LLC

Legacy Foundation offers a range of charitable funds to meet your philanthropic goals. With all of our funds, we handle the due diligence, issue the checks and provide staff assistance through a wide range of donor services.

Legacy Foundation is an independent public charity. All contributions are eligible for an immediate tax deduction, and many contributions may qualify for a larger tax deduction than those to other charitable entities like private foundations.

Read on to learn about the many fund types we offer. We welcome the opportunity to meet with you in person or discuss your options via email or phone. To review your giving options, please call 219-736-1880.

Type of Fund How it Works
Agency Fund Agency Funds are typically established at the request of a charitable organization to provide support for the Agency’s exempt purposes, as recommended by the Agency. The Agency’s recommendations must be advisory only, and Legacy Foundation must be free to reject any recommendations.
Designated Fund Support your favorite charitable organization in perpetuity or over a set number of years.
Donor Advised Fund Make your charitable giving easier by making grants to your favorite nonprofits from one fund.
Field of Interest Fund Create a resource to support the causes you care about–such as the arts, education, health and human services or the environment.
Scholarship Fund Donor Involved Scholarship Fund
Actively participate in the scholarship process from beginning to end.

Community Foundation Managed Scholarship Fund
Donor creates scholarship criteria, but the community foundation staff oversees the entire scholarship process.
Unrestricted Fund Legacy Foundation’s staff and Grants Committee evaluate all aspects of community wellbeing—arts and culture, economic development, education, environment, health and human services, neighborhood revitalization and more. Unrestricted gifts empower us to make strategic grants, where need and opportunity are greatest.

Any of these funds can be established in the donor’s name or in the name of the donor’s family or business. Donors can choose to honor a loved one by establishing a one of these funds as a Memorial Fund.

Download Our Brochure For More Information