The Alaska Communiity 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:

Mat-Su Matters

People in the Mat-Su Valley who have developmental disabilities rely on the services of the Mat-Su Services for Children and Adults. The nonprofit provides many programs to prepare individuals for greater independence and a sense of inclusion in the community. The agency's endowment fund is designed to ensure the group's programs are offered even if other support is gone.

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