Types of Funds
We have a variety of fund types 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 long-term endowment fund or a short-term reserve. These funds are fully invested by BMCF and the organization itself receives the annual distribution or grant from the fund. Only charities may create an agency fund.
Note: Individual donors may give to a fund at BMCF to support a particular charity but may not donate directly to the organization's agency fund.
How does an agency fund work?
This graphic illustrates how agency funds work.
People interested in providing annual support to one or more charities or nonprofit organizations may do so by creating a designated endowment fund. The charity or charities you choose to support will receive an annual grant in perpetuity without having to submit a proposal or submit reports about its use of the funds unless you desire it. You and others can add to the fund at any time.
The community foundation is familiar with the charitable sector in the region and monitors its grants and grant recipients. At the time you establish your fund at BMCF, we will discuss what would happen in the event the charity you designated no longer exists or changes its mission.
View a list of our 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.