By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life. Our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area—even as those needs change over time.
How it works
- You identify an area of personal interest as broad or narrow as you wish.
- You make a gift to your community foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, or other assets.
- We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
- You receive tax benefits in the year your gift is made.
- Our community advisory committees evaluate needs in your area of interest that would be most impacted by grants from your gift.
- The Board of Directors of the LACF issues grants in the name of the fund you establish. (If you prefer, grants can be made anonymously.)
- We handle all the administrative details.
Your gift is placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.
While you direct the Field of Interest Fund you establish from its creation, the maintenance is left up to us. The LACF continually monitors changing community needs so that you can be sure grants made in the name of the fund make the most impact in your field of interest, creating your personal legacy of giving.
You can add any amount to the Field of Interest Fund you establish at any time—and so can others who share your interests in the community. If you endow your gift, it becomes a permanent community funding resource.
Contact us for details on how to set up a Field of Interest Fund or how to contribute to an existing one.