The Alaska Community Foundation

Unrestricted Funds Frequently Asked Questions


What is the purpose of an unrestricted fund?
Unrestricted funds are much needed, flexible funds that are for grantmaking to address current and emerging needs in the community.
How does an unrestricted fund work?
Who is the ideal donor for an unrestricted fund?
What grants can be made from unrestricted funds?
Who is responsible for the grantmaking?
Must the grantmaking be competitive?
Can unrestricted funds name groups not to receive?
Do unrestricted funds have to be endowed?

Fund Spotlight:

A professional association

Charitable support is not just for corporations, but also for professional associations, as evidenced by the Anchorage Air Cargo Association. When their friend and co-worker (Jim Snead) died, association members established a fund in his honor. Today, the fund supports the efforts of individuals studying transportation or international business.

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