TYPES OF FUNDS
When you become a WiseHeart Foundation donor, you have the flexibility to create and shape your own charitable fund to reflect your personal goals and desires. Review our various fund categories and consider our various options. We offer many different types, each customized to help you make the most of your giving.
Donor Advised Fund
A donor advised fund is our most flexible fund. With this type of fund, you consolidate all of your charitable giving into one invested vehicle. Once the fund is established, you may recommend grants at any time for $500 or more to a 501(c)(3) public charity. You can use your fund to recommend donations to the charities to which you already give or we will provide information on organizations or areas of interest to assist you in choosing your grant recipients. This type of fund is useful for donors who want to be personally involved in their giving.
With a designated fund, you can name one or more specific organizations or agencies to benefit from the fund. Your gift is invested for long-term growth and provides perpetual support to the organization(s) that you choose. Moreover, your designation will be honored through the years unless the designated organization ceases to operate or ceases to deliver the services that you would like to support. If this occurs, the WiseHeart Foundation stands ready to help you identify other organizations whose work interests you.
A field-of-interest fund gives you the opportunity to target your contribution to one or more fields of interest that you care most about such as Christian Medical Mission, Global Christian Education, Urban Youth Empowerment, etc. These funds are broad in scope, yet targeted so as to meet the needs of the area. WiseHeart will help to identify, evaluate and award grants to the most qualified and deserving organizations and programs in your area of interest.
A scholarship fund allows you to help deserving students further their education. You can designate any level of education from preschool to postgraduate work, as well as a field of study and eligibility requirements.