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Fund Types & List of Funds

Make a gift to the entire community by starting a fund with the Northshore Community Foundation. Our staff can help you develop a giving strategy that fits your needs and desires. Donors will find that the Foundation is versatile enough to meet all of their philanthropic goals, offering several different kinds of funds and accepting many different assets. From cash, securities, property, insurance, charitable gift annuities and other property, our role is to help you transform your philanthropic resources into the fuel that impacts the lives of others.

Our funds are invested in a pool of over $150 million philanthropic dollars, allowing us to leverage greater return for our community’s resources. Since its inception in 1997, that investment pool has averaged returns of 8.2% annually.

It only takes $10,000 to start a fund. Whether an individual, family, business or non-profit, starting your fund is simple. Once your fund is launched, our staff handles forms, filings, record keeping and other details, including keeping you informed of all fund activity through quarterly statements. We also feature online tools that allow you access to information about your fund at any time.

Donor or Corporate Advised Funds®
• Minimum of $10,000 to start fund
• Can be spend down or endowed fund
• Donor(s) recommend timing, amounts and recipients of all gifts from fund
• Can serve as donor’s “Charitable Checkbook” whereby donors recommend charitable grants and the Foundation does all the administration and paperwork of charitable giving
• 1% fee to Northshore Community Foundation for administration, an amount that goes back into the community for greater good
• Donations can be made to any 501(c)3 organization—anywhere in the country
• All gifts acknowledged to donor(s)
• No mandatory spending (i.e. 5% regulation for private foundations)
• Donors can advise all timing and amounts of gifts with no limits or minimums
Field of Interest Funds
• Fund created to support a particular area of interest, i.e. arts, environment, education or geographic area(s)
• Parameters of giving created by donor when fund is established
• 1% fee to Northshore Community Foundation for administration, an amount that goes back into the community for greater good
Organization Funds
• Fund created by another nonprofit organization
• Assets of another organization are held and managed by the Foundation. These dollars are reflected as both an asset and a liability of the Foundation, as the organization can withdraw the funds at will
• Offered as a service to the nonprofit community in our region to leverage their resources for the greater good
• 0.5% fee to Northshore Community Foundation for administration, an amount that goes back into the community for greater good
Scholarship Funds
• Provide for tuition, room and board to college or university students
• Foundation staff will help donors develop criteria and selection process, which are determined when the fund is established; IRS regulations mandate that donors and their relatives cannot solely decide who receives the scholarship
• Donors may sit on a committee to select scholarship recipients as long as they do not have a majority vote
• Foundation handles all paperwork, applications, selection committee meetings and notification
• Foundation monitors and tracks performance of recipients
• 1% fee to Northshore Community Foundation for administration, an amount that goes back into the community for greater good
Designated Beneficiary Funds
• Fund created at the Foundation to support a specific beneficiary or project
• Dedicated to one or more charitable institutions, this fund allows donors to support their favorite nonprofit(s) in perpetuity
• Donor can re-designate beneficiary at any time
• 1% fee to Northshore Community Foundation for administration, an amount that goes back into the community for greater good

 

                 Northshore Community Foundation's  2007 - 2011 Funds

 
  • •   The 1906 Founders Fund
  • •   Bankston Family Fund
  • •   Fund for Bogalusa
  • •   Bogalusa Scholarship Fund
  • •   Fay and Phelan Bright Endowment Fund
  • •   CGB Enterprises, Inc.-Japan Disaster Relief Fund
  • •   Cards 4 Kids Fund
  • •   Carpenter Family Fund
  • •   Center for Philanthropy
  • •   Christwood Fund
  • •   John Lohman Christwood Endowment Fund
  • •   Doyle Coatney Fund
  • •   Donahue Favret Contractors Fund
  • •   Jack and Maura Donahue Fund
  • *   Darleen Duda Fund
  • •   EWE, LLC Fund
  • •   Founders Forum Fund
  • •   Hoops for Kids Fund
  • •   HOYST Fund
  • *   JAA Foundation Fund
  • *   J. Scott Chotin, Jr. Northshore Family Community Fund
  • •   Kids in Need During Disasters (KINDD) Fund
  • •   KIT Fund
  • •   Lake Pontchartrain Basin Foundation Fund
  • •   Legacy Gardens Fund
  • •   Dale and Sharon Mahnke Charitable Gift Fund
  • •   Mandeville Recreation Fund
  • •   MathCOUNTS Northshore Fund
  • •   The Milltown Players Fund
  • *   Robin and Pamela Mingo Fund
  • •   Pamlab Corporate Fund
  • •   Rotary Club of Slidell Northshore Endowment Fund
  • •   SOS-An Abita Beer Charitable Fund
  • *   Danny and Susan Shaw Fund
  • •   South Slidell Swim Scholarship Fund
  • •   Jinx Vidrine Legacy Foundation Fund
  • •   Peter A. and Lisa H. Wilson Charitable Fund
  • •   Zen-Noh Grain-Japan Disaster Relief Fund