Charitable Fund Subtypes

Depending on the amount of impact or flexibility you want to have, there are five options for creating your fund at the Community Foundation:

Donor Advised

Donor advised funds or endowments allow you (and others you choose) to recommend grants to a variety of charitable causes. Each year, you can identify new causes to support or continue to be involved with charities you’ve supported in the past. Donor advised funds are the best option for donors who like to take a hands-on approach to giving or who want to involve the whole family in decisions about giving.

Download this one-pager to learn more about establishing a donor advised fund at Arkansas Community Foundation.

Read more about the benefits of creating a donor advised fund and partnering with Arkansas Community Foundation.


A designated fund or endowment allows you to support particular charities or schools on an ongoing basis. You select the organization you want to support, and the Community Foundation will make annual grants from your fund to the organization you specify. Designated funds work well for donors who want to support a favorite charity for the long-term. 

Similar to a designated fund, an organizational fund/endowment supports a particular nonprofit organization. However, this type of fund is set up by the organization itself to benefit its own operations (whereas a designated fund is set up by an outside donor).

Field of Interest

Field of interest funds or endowments are designed to support a variety of programs within a particular charitable field or geographic area. You choose the fields you want to support and Community Foundation staff and advisory committees will handle the details of grantmaking within the parameters you provide. Field of Interest Funds are the choice for donors who want to make a deep impact in a single area.


Scholarship endowments provide financial support for students seeking higher education. You choose the selection criteria for your scholarship, and the Community Foundation will convene a committee to select a recipient from among eligible applicants. Scholarship funds are designed for donors wishing to support the educational development of individual students.


Greatest need funds or endowments are designed to meet the changing needs of Arkansas and its communities. Grants are selected by Community Foundation staff and advisory committees to make the greatest impact at a given time. Unrestricted funds are ideal for donors who want to give back to the community at large and have a wide range of charitable interests. 

Our signature Giving Tree Endowments are considered unrestricted. Find out more about how a gift to your local Giving Tree Endowment can help you meet your charitable goals.