Fund Options

ICF offers donors nine different fund options, including both endowed and non-endowed funds, to accommodate their unique needs and charitable wishes.  

Endowed Funds - Permanent funds established to provide long-term support; assets are invested and a small portion is available for annual distribution.

Agency Fund
An agency fund is a safe and simple way for your nonprofit organization to establish an endowment. Your donors can be assured the endowed fund’s principal will be protected over the long-term and can grow over time, providing a source of lasting support. And ICF’s economies of scale provide you the benefits of a diverse portfolio and low investment fees that typically come only with very large funds.

Your organization’s regular donors can leave a bequest through ICF to benefit your organization forever. ICF can facilitate even the most complex planned gifts or gifts of appreciated stock or real estate. We handle investment management and the administrative responsibilities related to endowment so that your organization’s staff and volunteer hours are concentrated on fulfilling your mission.

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  • Minimum amount to start fund: $50,000, can be pledged over 5 years.
  • Management fees: .5% annually (assessed quarterly at a rate of .125%) on the Fund’s average balance. The Fund also bears a pro-rata share of the trustee fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process: Distributions from the Fund are made annually to the nonprofit for use as their Board of Directors deems appropriate. By default, distributions are automatically made to the nonprofit in mid-March, although nonprofits may request the available distribution remain invested in the fund or be distributed at another time during the year.   
  • Distribution Level: Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level on the fund’s average balance, averaged over the prior two to 12 quarters, depending on how recently the fund was established.
  • Investment Income: The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.

Designated Fund
A designated fund provides a way to give back to one or more specific organizations that have touched your life. Your gift provides more than just annual funding - your favorite nonprofit will benefit from ICF’s investment stewardship and ability to manage endowment funds. Because ICF handles the details, the nonprofit’s staff is free to focus on its mission.

You or other donors can add to the fund at any time. If the organization you select ceases to exist or changes its mission, the fund can be redirected so that it continues to address your charitable intent.

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  • Minimum amount to start fund: $25,000, can be pledged over 5 years.
  • Management fees: 1% annually (assessed quarterly at a rate of .25%) on the Fund’s average balance. The Fund also bears a pro-rata share of the trustee fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process: Distributions are made to the organization(s) named as beneficiaries by the fund creator(s) in the fund agreement. Any restrictions on how the funds are to be used (i.e. operating expenses, program support, etc.) are communicated to the organization.
  • Distribution Level: Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level on the fund’s average balance, averaged over the prior two to 12 quarters, depending on how recently the fund was established.
  • Investment Income: The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.

Donor Advised Fund (Endowed)
Donor advised funds are convenient, flexible tools for individuals, families, businesses or others that want to be personally involved in selecting grant awards made possible by their gifts. If you have a range of community interests, you may find it’s an ideal vehicle for fulfilling your charitable wishes. Advised funds are typically less costly and easier to administer than other forms of philanthropic giving, such as family foundations or corporate foundations.

Your gift can be combined with others to increase its impact, and you can add to the fund you establish at any time, receiving tax benefits with each new gift. You can establish a fund today and make grant recommendations now, or create it in the future and name others to serve as fund advisors. As an endowed gift, your donor advised fund becomes a permanent community funding resource.

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  • Minimum amount to start fund: $25,000, can be pledged over 5 years.
  • Management fees: 1% annually (assessed quarterly at a rate of .25%) on the Fund’s average balance. The Fund also bears a pro-rata share of the trustee fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process: Distributions are made in support of projects and organizations recommended by the fund creator(s) and/or other fund advisors. ICF staff conducts due diligence on the recommended organizations to ensure they are qualified charities, and the ICF Board of Directors formally approves each distribution.
  • Distribution Level: Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level on the fund’s average balance, averaged over the prior two to 12 quarters, depending on how recently the fund was established.
  • Investment Income: The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.

Forever Idaho Funds (Endowed)
Forever Idaho funds offer all donors a way to support their communities. Your Forever Idaho gift can be any size and is combined with others for maximum charitable impact.

The Forever Idaho Funds are:
Forever Idaho Statewide – Support our statewide initiatives, which address changing needs across Idaho.

Forever Idaho East – Support community programs in Bannock, Bear Lake, Bingham, Bonneville, Butte, Caribou, Clark, Custer, Franklin, Fremont, Jefferson, Lemhi, Madison, Oneida, Power and Teton counties without restrictions.

Forever Idaho North – Support community programs in Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone counties without restrictions.

Forever Idaho Southwest – Support community programs in Ada, Adams, Blaine, Boise, Camas, Canyon, Cassia, Elmore, Gem, Gooding, Jerome, Lincoln, Minidoka, Owyhee, Payette, Twin Falls, Valley and Washington counties without restrictions.

Forever Idaho Field of Interest – Support your favorite Idaho region or county with guidelines (Ex: A fund to benefit the arts in Bonneville County).

 

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  • Minimum gift: No minimum gift for contributions to Forever Idaho Statewide, East, North or Southwest funds.
  • Honor a loved one, your family or others with a named fund – $25,000 minimum, which can be pledged over five years (Forever Idaho Statewide, East, North or Southwest)
  • $25,000 minimum for Forever Idaho Field of Interest, which can be pledged over five years and allows the donor to give the fund a name.
  • Management fees (for named funds only): 1% annually (assessed quarterly at a rate of .25%) on the Fund’s average balance. The Fund also bears a pro-rata share of the fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process (Forever Idaho East, North, Southwest and Field of Interest): ICF annually runs three grant cycles throughout the state, collecting applications from hundreds of nonprofits in east, north and southwest Idaho. Grant applications are reviewed by ICF’s volunteer regional grants panels, approved by our Board of Directors and distributed locally throughout Idaho.
  • Distribution Process (Forever Idaho Statewide): No set timeline. ICF leadership selects projects, initiatives and partnerships that will benefit Idaho communities. Opportunities are evaluated as they arise. Previous examples include Leadership Councils (Upper Snake River Valley, Southeast, South Central and Panhandle), Together Idaho affiliates and the Nonprofit Leadership Summit.
  • Distribution Level (Forever Idaho East, North, Southwest and Field of Interest): Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level.
  • Investment Income (for named funds only): The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.


Scholarship Fund
You can create a Scholarship Fund as a memorial to someone special, selecting eligibility criteria that exemplify that person’s goals or values. Or, you may use it to express your educational values or those of your family or business. Depending on your preferences, your scholarship can support students from a particular community, studying within a particular field or attending a particular educational institution.

You may choose to join your fund’s Scholarship Selection Committee to help recommend scholarship recipients. ICF can handle all the administrative details of the scholarship process, including sending notifications to applicants, and distributing awards to the deserving students' chosen educational institution.

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  • Minimum amount to start fund: $50,000, can be pledged over 5 years.
  • Management fees: 1% to 2% annually on the Fund’s average balance, depending on the level of services provided. The Fund also bears a pro-rata share of the trustee fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process: Distributions from the Fund are made only within the defined scope of the scholarship, and are based on the recommendations of a Scholarship Selection Committee as outlined in the fund agreement.
  • Distribution Level: Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level on the fund’s average balance, averaged over the prior two to 12 quarters, depending on how recently the fund was established.
  • Investment Income: The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.

Operating Fund
Distributions from Operating Funds support the general operations of the Idaho Community Foundation. Your gift to an operating endowment helps to keep ICF’s overhead low, ensuring we can maximize our grant making opportunities. Your gift becomes a permanent funding resource for ICF.

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  • Minimum amount to start fund: $5,000, can be pledged over 5 years.
  • Management fees: 1% annually (assessed quarterly at a rate of .25%) on the Fund’s average balance. The Fund also bears a pro-rata share of the trustee fees paid to ICF’s investment managers (between .25% and .32% annually).
  • Distribution Process: Distributions are made to ICF to support operations and administrative costs.
  • Distribution Level: Each November the ICF Board of Directors reviews the financial status of our endowment and sets a distribution level based on the recommendation of the Investment Committee. The Board has adopted a 4.5% distribution level on the fund’s average balance, averaged over the prior two to 12 quarters, depending on how recently the fund was established.
  • Investment Income: The Fund shares in the entire investment pool’s performance. Realized and unrealized gains/losses, interest and dividends are allocated based upon the Fund’s share of the pool.

Non-Endowed Funds Temporary, fully-expendable funds invested in conservative liquid money market instruments that allow for immediate distributions and maximum flexibility

Donor Advised Fund (Non-endowed)
Non-endowed Donor Advised Funds are convenient, flexible tools for individuals, families, businesses or others that want to be personally involved in selecting grant awards made possible by their gifts. The difference between the endowed and non-endowed version is the entire fund balance is available for distribution and the fund's investment strategy is determined by how long you intend to keep the fund open.

As a fully-expendable fund, you have maximum flexibility in your giving options. You may choose to close the fund after a few years, or gradually deplete its assets over a longer period of time. You can add to the fund any time, receiving tax benefits with each new gift.

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  • Minimum amount to start fund: $25,000, can be pledged over 5 years.
  • Management fees: 1%-1.5% or $250 or $500 whichever is greater, depending on the investment option you choose. There is also an investment fee of .14%-.17% for funds not invested in the money market accounts.
  • Distribution Process: Distributions are made in support of projects and organizations recommended by the fund creator(s) and/or other fund advisors. ICF staff conducts due diligence on the recommended organizations to ensure they are qualified charities, and the ICF Board of Directors formally approves each distribution. 
  • Distribution Level:  The Fund does not have to maintain a minimum balance. Distributions must be a minimum of $250 and can be made once per month to as many organizations as desired.
  • Investment Income: You keep the earnings on the fund.

Forever Idaho Funds (Non-endowed)
Forever Idaho funds offer all donors a way to support their communities. Your Forever Idaho gift can be any size and is combined with others for maximum charitable impact. Gifts to Forever Idaho East, North and Southwest are distributed to nonprofits in these regions in the year the gift is made.

The Forever Idaho Funds are:
Forever Idaho Statewide – Support our statewide initiatives, which address changing needs across Idaho.

Forever Idaho East – Support community programs in Bannock, Bear Lake, Bingham, Bonneville, Butte, Caribou, Clark, Custer, Franklin, Fremont, Jefferson, Lemhi, Madison, Oneida, Power and Teton counties without restrictions.

Forever Idaho North – Support community programs in Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone counties without restrictions.

Forever Idaho Southwest – Support community programs in Ada, Adams, Blaine, Boise, Camas, Canyon, Cassia, Elmore, Gem, Gooding, Jerome, Lincoln, Minidoka, Owyhee, Payette, Twin Falls, Valley and Washington counties without restrictions.

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  • Minimum gift: No minimum.
  • Distribution Process: ICF annually runs three grant cycles throughout the state, collecting applications from nonprofits in east, north and southwest Idaho. Grant applications are reviewed by ICF’s volunteer regional grants panels, approved by our Board of Directors and distributed locally in your community.
  • Distribution Level:  Your gift to Forever Idaho North, East or Southwest will be fully expended in that region’s next grant cycle. Your gift to Forever Idaho Statewide may be saved until its best use can be determined.

Special Project Fund
ICF may serve as a fiscal sponsor for a temporary project (typically 1-3 years) that benefits a particular community through the establishment of a Special Project Fund. ICF receives and manages contributions made in support of the project, and works with the project coordinators to distribute funds to assist in the project’s completion.

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  • Minimum amount to start fund: No minimum.
  • Management fees: Range from 5% to 10% on all contributions to the Fund, depending on the level of services provided.
  • Distribution Process: Distributions are made in support of the special project, either to an organization or directly to vendors.
  • Distribution Level:  The Fund does not have to maintain a minimum balance.
  • Investment Income: Due to the short term nature of this type of fund, assets are invested in liquid money market accounts to ensure funds will be readily available for the project when needed. Any earnings on the Fund are deposited into the Fund to be used to help cover the management fees.

Questions?
Please contact the ICF staff in your area for additional information about our fund options:
Treasure Valley: Kris Kamann, (208)342-3535
East Idaho: Tina Therp (208)982-1448
North Idaho: Charlie Miller, (208)699-4249

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