Funds
Types of Funds
Click here to view a list of funds.
The Davie Community Foundation offers personalized service to assist you in structuring funds to meet your charitable goals. Whether you get started today or through a planned gift, you can be a part of…. Growing our future NOW!
Funds at the Davie Community Foundation may be opened with a gift of $5,000. Acorn Funds may be opened with $1,000 but must grow to $5,000 before they are able to make grants. Donors are encouraged to consult with their tax advisor, attorney, trust officer and/or financial planner before establishing a fund with the Foundation.
Following is a brief description of the types of donor funds available through the Davie Community Foundation:
Community Funds
Community Funds benefit the community by supporting issues and needs that other funds do not. These funds are opened by community members who simply want to help people in Davie County. Grant-making decisions are left to the Foundation Grants Committee, who looks at the community’s current needs and directs money where it will have the greatest impact. Currently, Community Funds are directed toward youth, literacy and projects relating to the Healthy Davie Initiative. Click here to read about the 2017 Community Fund grants.
Fees
Community Funds are assessed a 1.5% annual fee for their administrative care. The fee is levied each fiscal quarter at the rate of .375 of 1% computed on the previous month-end balance.
Donor Advised Funds
You can be a partner in the giving process when you create a Donor Advised Fund at the Davie Community Foundation. You recommend grants from your fund, allowing you to organize your charitable giving. You partner with the Foundation in identifying needs and in the grant making process. A Donor Advised Fund may also be an alternative to establishing your own private foundation.
Fees
Endowed Donor Advised Funds are assessed a 1% annual fee for their administrative care. The fee is levied each fiscal quarter at the rate of .25 of 1% computed on the previous month-end balance.
Church and Non-profit Funds
You can create a Church or Non-profit Fund with the Davie Community Foundation to support a specific church or charity you care about. This fund will provide support for one or more organizations during your lifetime and beyond.
Fees
Church and Non-profit Funds are assessed a 1% annual fee for their administrative care. The fee is levied each fiscal quarter at the rate of .25 of 1% computed on the previous month-end balance.
Scholarship Funds
Scholarship Funds help deserving students accomplish their educational goals. Donors name the scholarships and determine applicant criteria. The Davie Community Foundation provides objective, professional management of scholarship funds based upon the criteria established. Donors can also give to the Community Scholarship Fund, which accepts gifts, honorariums, and memorials of any size, to support qualified students as they pursue a post-secondary education.
Fees
Scholarship Funds pay a 1.5% annual fee for their administrative care. The fee is levied each fiscal quarter at the rate of .375 of 1% computed on the previous month-end balance.
Acorn Fund
Just as a tiny acorn grows into a mighty oak, your Acorn Fund will grow in its impact on the community year after year. You can plant your named acorn with $1,000. Once your acorn grows to $5,000, it becomes a permanent fund and is able to make grants in the following year.
Fees
Acorn funds do not pay a fee until they reach grant-making status.
Administrative Funds
By establishing an administrative fund, you support the work of the Davie Community Foundation. Your gift is a lasting investment in a better community.
Fees
Administrative Funds are assessed a 1% annual fee for their administrative care. The fee is levied each fiscal quarter at the rate of .25 of 1% computed on the previous month-end balance.