No matter what fund you support or create, you will make an impact on our community’s needs.
Below are several fund options. Each one has a unique set of requirements and we have someone available to chat with you when you are ready.
Contact us at 707-442-2993 or DonorServices@hafoundation.org
Opportunity Funds
These funds are flexible and make money available for changing community needs including program work, initiatives, and responsive grants.
Donor Designated Funds
These funds give an annual payout to a specific nonprofit designated by you.
Field of Interest Funds
These funds, given through HAF grants, direct contributions to a specific area of work.
Areas of work include: Community; Health & Wellbeing; Companion Animal & Rescue; Environment & Wildlife; Youth & Family; Arts, Humanities & Culture.
Donor Advised Funds
Donor Advised Funds allow you to establish a fund for immediate tax benefits and recommend grants to nonprofits on your own timetable.
In order to promote philanthropy across generations, you can recommend a successor to take over privileges at any stated timeline or upon your death. Your family can remain actively involved in the fund’s charitable grant making as long as money remains in the fund. You can add to your fund whenever it suits your tax or giving needs. This type of fund can make distributions to any 501(c)(3) public charity in the United States, including houses of worship, schools and universities, and facilitate grants to overseas charities.
Scholarship Funds
Scholarship Funds allow you to define the scholarship criteria and remain involved, but not control the recipient selection process. Per IRS regulations, you may not select scholarship recipients. A scholarship fund can provide one or more scholarships on an annual basis.
Organizational Funds
Humboldt Area Foundation offers nonprofit organizations the option of investing their reserve funds with Humboldt Area Foundation while retaining ownership of the assets.
The Foundation currently invests funds for over 100 nonprofits in our region. Funds can be established at any time with a minimum of $10,000 by a nonprofit designated a 501(c)3 by the Internal Revenue Service.
In order to establish a fund you will need:
- An HAF agreement signed by the officers of your Organization’s Board of Directors
- The Board minutes in which your Board of Directors voted to establish this fund
- A copy of your organization’s federal tax exemption letter
- The initial assets from which you would like to begin your fund (minimum $10,000)
- A logo or image and your fund description for the Donor Yearbook
Our Donor Services team is here to answer any questions you may have by calling 707-442-2993.