Types of Funds / Designated

A designated fund lets your client permanently support nonprofit organizations forever. With a gift of $25,000 or more your client can create a permanent fund that makes annual grants to selected nonprofits that are meaningful to them, such as a college or church, or a favorite social service or organization. Your client can also plan to create a future fund by arranging for a gift of $25,000 or more through a bequest or other estate plan.

Click here for an agreement to start a designated fund.

Donor Highlight
Kathrina B. Powell Fund

Laverne Powell Winn lives in Denver but fondly remembers her childhood in Norfolk. One of her most vivid memories is going with her mother, Kathrina Powell, to the Van Wyck Library in the Ghent neighborhood. For the Powell family going to the library was like going to church -- it happened once a week. In 2006 Winn created a designated fund to support Norfolk’s branch libraries and named the fund for her late mother, Kathrina – a woman who would rather read than watch TV.