Designated Funds

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A Designated Fund at the Peninsula Community Foundation of Virginia (PCF) is a simple and meaningful way to provide ongoing support to the nonprofit organizations that matter most to you.

Whether you want to make annual gifts to a favorite charity, support one or more specific organizations over time, or create a permanent source of funding for the organization you believe in most, a Designated Fund ensures your generosity continues with purpose and consistency.

Designated Funds can be used to:

  • Provide dependable annual support to one or more chosen nonprofit organizations

  • Formalize recurring charitable giving

  • Create long-term financial stability for specific organizations you value

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While you focus on the chosen organizations you care most about, PCF handles the administrative details—keeping your charitable giving organized, efficient, and aligned with your long-term philanthropic goals.

Designated Fund Options

Non-Endowed

Non-Endowed 

Reliable support on your timeline

  • Purpose: Provide ongoing charitable support to one or more nonprofit organizations over the life of the fund.

  • How It Works: Your charitable contributions are invested, and grants are distributed to the organizations you designate according to the terms of your fund agreement.

  • Time Horizon: Ideal for focusing on giving in the near future.

  • Flexibility: Moderate—designed to provide consistent support to your chosen organizations while allowing the fund to be spent in full, over time.

  • Best For: Annual giving, multi-year commitments, charitable IRA distributions, and structured recurring support.

  • Great For:  Individuals, families, and businesses who want dependable giving without creating a permanent endowment.

Endowed

Endowed 

A permanent gift to the organizations you value most

  • Purpose: Create a lasting charitable resource that benefits your chosen nonprofit organization(s) forever.

  • How It Works: Your initial gift is invested as a permanent endowment - which means that amount plus any future amount you gift into the fund (called the principal) is invested. Each year, a portion of the investment earnings is distributed to the organization(s) you designate while the principal remains invested.

  • Time Horizon:  Designed to provide support for generations.

  • Flexibility:  Moderate—your designated organizations remain the beneficiaries while the endowment provides sustainable, long-term funding.

  • Best For: Legacy planning, permanent annual support, charitable IRA distributions, and multi-generational philanthropy.

  • Great For: Donors who want their generosity to continue strengthening their favorite organizations for years to come.

Why Establish a Designated Fund with PCF?

Many organizations can help facilitate charitable giving. What makes the Peninsula Community Foundation different is our combination of local expertise, personalized service, and long-term stewardship.

When you establish a Designated Fund with PCF, you benefit from:

  • Confidence that your chosen organizations will receive ongoing support according to your charitable wishes.

  • Personal guidance from a local team that understands the nonprofit community and your philanthropic goals.

  • Simple administration, including grant processing, recordkeeping, reporting, and compliance.

  • Trusted stewardship that follows charitable best practices and protects your charitable intent.

  • A lasting local impact, helping strengthen the organizations that serve the Peninsula community.

Your giving remains organized, dependable, and meaningful—supported by a community foundation dedicated to serving the Peninsula.

Start the Conversation

Whether you're looking to provide dependable annual support to a favorite nonprofit or create a permanent charitable legacy, we're here to help you choose the Designated Fund that best fits your goals.

Together, we'll build a giving plan that provides lasting support for the organizations you care about most.

 

Join Us In Our Story of Community Support and Service:

Whether you're looking to establish a fund, support a local cause, or partner with us to strengthen the Peninsula, we can help.