Michigan Gateway Community Foundation has developed several types of funds to meet donor and community needs. Our staff works with you and your adviser to help you determine which type is right for you.
Many donors place no restrictions on how their gifts are to be used. However, you may design your fund around very specific goals. Even if the current intent of the fund becomes obsolete, the Community Foundation will ensure that the fund continues to address emerging community needs. For more information on the unique structural feature that makes this flexibility possible, click on the link below to learn about the Variance Power that is a part of each of our fund agreements.
Any fund can be permanent (endowed), long-term (allowing spending from principal when appropriate), or temporary (allowing funds to be completely spent for grants within a specified time).