Community Impact Funds

When you establish a Community Impact Fund, your gift addresses a broad range of local needs — including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your Community Impact gift enables the Foundation to respond to the community’s most pressing needs, today and tomorrow.

How it works

• You make a Community Impact gift to your community foundation during your lifetime or
through a bequest in your will. You can give cash, appreciated stocks, real estate, or
other assets.
• We set up a special fund in your name, in the name of your family or business, or in
honor of any person or organization you choose.
• You receive tax benefits in the year your gift is made.
• Our professional program staff determines the areas of community need that would be
most impacted by grants from your gift.
• Our board issues grants in the name of the fund you establish (if you prefer, grants
can be made anonymously).
• We handle all the administrative details.
• Your gift can be placed into an endowment that is invested over time. Earnings from your
fund are used to make grants addressing community needs. Your gift — and all future
earnings from your gift — is a permanent source of community capital, helping to do
good work forever.

More benefits

Because you created a Community Impact Fund, it enables our experienced staff and board to do what they do best — assess community needs and respond by
awarding grants to the nonprofit organizations that undertake our community’s most
critical work. Community Impact Funds help your community foundation to support long-term
solutions; respond quickly to emergencies; and meet changing social, cultural,
educational, or environmental needs in our local community.
Grants are made in the name of the fund you establish, creating your personal legacy of
giving. You may give your gift immediately or through your will or other estate planning
strategy. If you endow your gift, it becomes a permanent community funding resource


- HCCF Community Impact Fund

- Robert Thuemmel & Matthew Keillor Fund