[fusion_builder_container hundred_percent=”yes” overflow=”visible” type=”legacy”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” min_height=”” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true”][fusion_imageframe lightbox=”no” gallery_id=”” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=”” image_id=”6382|large” alt=”Fund Types Taos Community Foundation”]https://www.taoscf.org/wp-content/uploads/2023/12/Fixed-Header-Website-Template-Fund-Types-1024×82.png[/fusion_imageframe][fusion_title margin_top=”25px” margin_bottom=”0px” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” size=”1″ content_align=”left” style_type=”none” sep_color=”” text_color=”#006595″]FUND TYPES[/fusion_title][fusion_global id=”6859″][fusion_accordion border_size=”1″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility”][fusion_toggle title=”Donor Advised Funds” open=”no”]

Make a gift to the Foundation, and then remain actively involved in recommending grants from the fund.

[/fusion_toggle][fusion_toggle title=”Designated or Agency Funds” open=”no”]

Designated and agency funds benefit a specific agency or agencies. If a donor wants to set up the fund, it is called a designated fund. If the agency itself wants to place assets with us, either restricted for its endowment or unrestricted assets, it is called an agency fund. Either way, the fund provides support for the agency’s operations. The Foundation also holds the “variance power,” which allows it to redirect funds if, for example, the beneficiary agency goes out of business or ceases to serve its original purpose. This power protects the original donor’s intentions.

[/fusion_toggle][fusion_toggle title=”Scholarship Funds” open=”no”]

Provide assistance for individuals attending institutions of higher education or vocational schools.

[/fusion_toggle][fusion_toggle title=”Field of Interest Funds” open=”no”]

Target gifts to address needs in an area of particular interest (e.g. child abuse; performing arts; environment.

[/fusion_toggle][fusion_toggle title=”Unrestricted Funds” open=”no”]

Helps the Foundation be able to respond to requests for community needs.

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