The Alaska Community Foundation

Designated Funds Frequently Asked Questions


What is the purpose of a designated fund?
Designated funds are a way you can provide a steady, long-term source of income for one or more nonprofits you care deeply about.
How does a designated fund work?
Who is the ideal donor for a designated fund?
Can a fund have more than one named beneficiary?
Can a fund be for a specific program?
What happens if the nonprofit dissolves or changes its mission?
Do designated funds have to be endowed?
How often can grants be made from a designated fund?

Fund Spotlight:

Scotty Gomez

Scott GomezHero to many young hockey players throughout Alaska, Scotty Gomez established a foundation to make the lives of young hockey players easier. His fund ensures the continued support and development of youth hockey programs. Scotty continues to be a role model to young hockey players everywhere who dream of the NHL and live through his example. Read More >

PrintPrint Share