Types of Funds

Below are the types of funds offered by the Idaho Community Foundation. Click to see the assets we accept to establish a fund. Funds can be created by individuals, families, businesses, corporations or nonprofits.

Agency (endowed or non-endowed)
Established by a nonprofit to support their operations and programs.

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An Agency Fund is a safe and simple way for a qualified charitable organization described in section 501(c)3 of the IRS Code to establish an endowment or invest money for a future project or initiative.

ICF can facilitate even the most complex planned gifts or gifts of appreciated stock or real estate. Your fund will be professionally managed and we handle the administrative responsibilities so that your organization’s staff and volunteer hours are concentrated on fulfilling your mission.

ICF’s economies of scale provide you the benefits of a diverse portfolio and low investment fees that typically come only with very large funds.

Minimum to establish – Endowed $50,000, Non-Endowed $25,000

Fees and Distribution

Community (endowed)
Established by an individual, group or organization to benefit a specific community in Idaho – a town, county or other defined region.

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Community Funds have an Advisory Committee comprised of people who live in the area who decide how the Fund’s grant process will work for proposals and awards. The Advisory Committee recommends how the Fund should be distributed.

The Idaho Community Foundation Board of Directors has final approval of grant awards. ICF verifies all recipients and processes payments.

Community Fund establishment is by application only. Community Funds have a minimum contribution of $50,000, with a 5-year pledge option.

For more information about Community Funds or to apply: info@idahocf.org.

Designated (endowed)
Consistently give to one or more of your favorite nonprofits.

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A Designated Fund provides a way to give back to one or more specific organizations that have touched your life. Your gift provides more than just annual funding - your favorite nonprofit will benefit from ICF’s careful stewardship of endowment funds. Because ICF handles the details, the nonprofit’s board and staff are free to focus on its mission.

You or other donors can add to the fund at any time. If the organization you select ceases to exist or changes its mission, the fund can be redirected so that it continues to address your charitable intent.

Minimum to Establish: $25,000

Fees and Distribution

Click here to see our Designated Fund brochure.

Donor Advised (endowed or non-endowed)
Flexibility to give to a variety of organizations.

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Donor Advised Funds are convenient, flexible tools for individuals, families, businesses or others who want to be personally involved in selecting grant recipients. If you have a range of community interests, you may find a Donor Advised Fund is an ideal vehicle for fulfilling your charitable wishes.

Donor Advised Funds are typically less costly and easier to administer than family foundations or corporate foundations. You can add to the fund at any time and are eligible for tax benefits with each new gift.

You can establish a fund today and make grant recommendations now, or create it for the future with your estate plan and name others to serve as fund advisors.

With an endowed gift, your Donor Advised Fund becomes a permanent community funding resource.

Minimum to Establish: $25,000

Fees and Distribution

Click here to see our Donor Advised Fund brochure.

Forever Idaho (endowed)
Support the Idaho Community Foundation’s impact in communities throughout the state. Or support your county, region or a specific field of interest. Grant recommendations are made by our Regional Grant Panels.

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Forever Idaho Funds offer all donors a way to support their communities. Your Forever Idaho gift can be any size and is pooled with others for maximum charitable impact. The Forever Idaho Funds are:

Forever Idaho Statewide – Support our statewide initiatives, which address changing needs across Idaho.

Forever Idaho East – Support community programs in Bannock, Bear Lake, Bingham, Bonneville, Butte, Caribou, Clark, Custer, Franklin, Fremont, Jefferson, Lemhi, Madison, Oneida, Power and Teton counties without restrictions.

Forever Idaho North – Support community programs in Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone counties without restrictions.

Forever Idaho Southwest – Support community programs in Ada, Adams, Blaine, Boise, Camas, Canyon, Cassia, Elmore, Gem, Gooding, Jerome, Lincoln, Minidoka, Owyhee, Payette, Twin Falls, Valley and Washington counties without restrictions.

Forever Idaho Field of Interest – Support your favorite Idaho county or region with guidelines (Ex: A fund to benefit the arts in Bonneville County).

Minimum to establish: No minimum for contributions to an existing Forever Idaho Fund (Statewide, East, North, Southwest or Field of Interest).

$25,000 minimum to establish a named Forever Idaho Fund or Forever Idaho Field of Interest Fund to honor a loved one, your family or others.

Distribution Process:
East, North, Southwest and Field of Interest only – ICF annually runs three grant cycles throughout the state, collecting applications from each region. Grant applications are reviewed by ICF’s volunteer regional grants panels, approved by our Board of Directors and distributed to the region.

Forever Idaho Statewide only – No set timeline for distribution. ICF leadership selects projects, initiatives and partnerships that will benefit Idaho communities. Opportunities are evaluated as they arise. Previous examples include Leadership Councils, Together Idaho affiliates and Nonprofit Leadership Summits.

Fees: No fees on contribution to existing funds. Fees on named Forever Idaho Funds and Forever Idaho Field of Interest Funds.

Click here to see our Forever Idaho brochure.

Operating (endowed)
Support the operations of the Idaho Community Foundation

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Operating Funds support the general operations of the Idaho Community Foundation. Your gift becomes a permanent funding resource for ICF and allows us to focus on our grantmaking and community impact.

Minimum to Establish: No minimum donation. $25,000 to establish a named fund.

Fees on named Operating Funds

Click here to see our Operating Funds brochure.

Scholarship (endowed)
Create a scholarship for students seeking higher education.

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You can create a Scholarship Fund as a memorial to someone special, selecting eligibility criteria that exemplify that person’s goals or values. Or, you may use it to express your educational values or those of your family or business. Depending on your preferences, your scholarship can support students from a particular community, those studying within a certain field or attending a preferred educational institution.

You may choose to join your fund’s Scholarship Selection Committee to help recommend scholarship recipients. ICF can handle all the administrative details of the scholarship process, including sending notifications to applicants and distributing awards to the students’ educational institution.

Minimum to Establish: $50,000

Distribution Process: Distributions from the Fund are made only within the defined scope of the scholarship, and are based on the recommendations of a Scholarship Selection Committee as outlined in the fund agreement.

Fees on Scholarship Funds

Click here to see our Scholarship Funds brochure.