Types of Funds
We have a large variety of types of funds we can help establish.
What is an agency fund?
A qualified charitable organization (agency) transfers assets to Blue Mountain Community Foundation (BMCF) to create a permanent endowment fund or a short-term reserve fund. Other donors can also make contributions directly to the designated portion of the fund. The organization itself is the sole beneficiary of these funds.
How does an agency fund work?
This graphic illustrates how agency funds work.
Download a prospectus if you are interested in learning more about our short-term reserve for agency funds.
Donors with strong ties to a particular organization or institution may want to establish a designated fund. With a designated fund, you "designate" a charitable organization that your fund will support (e.g., an arts organization, a food bank, a shelter) during and beyond your lifetime.
The Foundation actively monitors all its grantees. If the beneficiary organization ceases to exist, loses its tax-exempt status or changes its mission, your gift is redirected to support an organization with a similar mission.
View a list of designated funds.
A gift to establish a discretionary fund helps meet the changing needs of the Blue Mountain area, now and in the future. Discretionary funds broadly support the well-being and vitality of the Blue Mountain area and its residents and are distributed to qualified organizations seeking support through the Foundation's grant-making program.
When you establish a discretionary fund, you leave decisions about the use of your gift to the Foundation, relying on the Foundation's extensive experience and reach within the community to know where grants will have the greatest impact.
View a list of our discretionary funds.
View a list of our field-of-interest funds.
A healthy community is not marked by success in a single area, region, domain or population. Rather, it is an ideal of progress across an array of elements that, when joined, represent the best our region can offer its residents. The seven elements, under the rubric of a healthy community, were pioneered by the Seattle Foundation as a paradigm for understanding the Puget Sound region.
It is equally suited to represent the Blue Mountain area and serves to understand the grant-making activity of the Blue Mountain Community Foundation, both in what grants support as well as the outcomes of these community investments.
Donors specifically interested in promoting education often establish scholarship funds. Scholarships may support any level of education and can be directed toward students attending a particular school, studying in a particular field or coming from a particular geographical area.
Blue Mountain Community Foundation administers the fund within the tax laws regarding scholarship grants, publicizes the scholarship and chooses scholarship recipients. The Foundation also can establish selection criteria.
View a list of our scholarship funds.
Sustaining Endowment Funds
Donors may wish to set up a sustaining endowment fund for the long-term operation and efficiency of the Blue Mountain Community Foundation. Grants from this fund go directly to supporting programs that encourage donors to invest in the Blue Mountain area and ensure that dollars are used to enhance the long-term economic and social vitality of area communities.