Designated Fund

Contribute to a Specific Charity. A Designated Fund in the Lake Mills Area Community Foundation focuses on the work of a particular charity or organization in the community. A Designated Fund may be created by an individual, family, group, business or charitable organization. Designated Funds are an important tool for charities to broaden their financial base and attract donors who wish to support their work long-term. If the charity changes its mission or type of service, or if it dissolves, the Foundation directs fund distributions to a comparable organization.

Once established, a Designated Fund may then accept contributions from persons who feel that the focus of that fund is consistent with their philanthropic wishes.

Tax Benefits of Your Gift. Since the Lake Mills Area Community Foundation, Inc. is a non-profit 501(C)3 agency, your contribution to the Designated Fund is tax-deductible to the full extent allowed by the tax laws.

Why Establish or Contribute to a Designated Fund?
  • The organization you specify benefits from your fund - forever.
  • The Foundation can redirect the distributions to a comparable cause should the specified organization change its mission or cease to exist.
  • The organization that you designate will be monitored by the Foundation to ensure that the fund distributions are being used properly.
  • Anyone can make a contribution to a Designated Fund. Designated Funds grow over time with contributions and investment returns.
Current Designated Funds within the Foundation. Currently, Designated Funds within the Lake Mills Area Community Foundation include:

Arts Alliance Fund
Rock Lake Activity Center Fund

Minimum Donation to Establish a New Designated Fund: $10,000