Access My Fund
Types of Funds
When you choose to invest with the Greater Cabarrus Foundation, you have several options to tailor your philanthropic efforts to meet your goals and create lasting impact.
Our Permanent (Endowed) Funds are designed to provide perpetual support for your chosen causes, with the principal amount preserved and only the earnings used for grantmaking. This ensures that your contribution continues to have influence year after year.
For those seeking more flexibility, our Non-Permanent (Quasi-Endowed) Funds offer the option to distribute both principal and earnings, allowing for greater adaptability in response to changing community needs.
Meanwhile, Donor Advised Funds give you the ability to remain actively involved in the grantmaking process, recommending how your gifts are allocated to various non-profits and projects. Each type of fund provides unique benefits and can be customized to align with your charitable vision and financial objectives.
Greater Good Society Fund
The Greater Good Society Fund is the named permanent (endowed) fund to support the annual grantmaking program and operations of the Greater Cabarrus Foundation. This is the fund which provides support for the Greatest Community Need Grantmaking Program.
Field of Interest Fund
Designated Fund
A Designated Fund can be a permanent (endowed) or non-permanent (quasi-endowed) fund established by an individual or organization for the benefit of one or more agencies. With this fund, the Community Investor determines the agency recipients.
Donor-Advised Fund
With a Donor Advised Fund, the Community Investor makes gift and receives immediate tax deduction and can advise the Greater Cabarrus Foundation on grant recipients. As the name suggests, with donor advised funds, the Community Investor recommends the agency recipients, and the Greater Cabarrus Foundation Board makes the ultimate determination on grants.
Agency Reserve Fund
An Agency Reserve Fund is a non-permanent (quasi-endowed) fund established by the agency for the benefit of the agency. The agency determines use of proceeds and can access funds when needed and for whatever purpose it deems necessary.
Agency Endowment Fund
An Agency Endowment Fund is a permanent (endowed) fund established by the agency for the benefit of that agency. The agency determines use of proceeds for whatever purpose it deems necessary.
