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Types of Funds - Designated Fund


SCCF Designated Fund

The Designated Endowment Fund allows you to designate a particular charity or cause to benefit from the fund. The interest income earned by your fund goes to the charity that is most important to you. You have the assurance of knowing that if the charity ceases to exist, or if they change directions from your original intent, SCCF will redirect the fund toward the closest intended use. The Designated Endowment Fund is ideal for someone:

  • Who wants to make an endowment gift to a charity that does not have an extensive investment management capacity.
  • Who wants to make an endowment gift to a new, small, or struggling charity.
  • Who wishes to support a particular charity, but wants third party oversight to ensure the principal is not invaded or that the gift is used as he or she specified.
  • Who wants to support several named charities through one substantial gift.