Unrestricted funds are created for those who care about the community beyond their own lifetimes. They enable the Foundation to respond to the community’s changing needs and emergencies, to support the creation of innovative responses to community problems, and to enhance the quality of community life. They also allow donors to create a living legacy that will grow and change as the community does.
Field of Interest Funds
Donors who select these funds are able to benefit specific programs in the arts, education, or other broad areas of interest. By naming a program area and not a specific organization, flexibility exists to meet the ever-changing needs of the community. The Foundation awards grants to the most appropriate programs or organizations within the specified field of interest.
Donor Advised Funds
Donor-advised funds are charitable funds for donors seeking active involvement in grantmaking. Donors advise or recommend grants from their fund to support nonprofit organizations. Donors can learn about community needs by working with the foundation’s staff.
Agency Endowment Funds
This fund type holds assets given by a charitable organization to endow the future of the work that it does. Agency endowment funds are established by the nonprofit agency, but anyone interested in ensuring the future welfare of the agency may add to these funds.
An individual, a corporation, or a group of people, such as a civic club or trade association, may establish these funds. Scholarship funds provide financial support for education.
Supporting organizations are separate legal entities that are affiliated with the Greater New Orleans Foundation. Established with their own boards of trustees, grantmaking identities, and governance structures, supporting organizations enjoy public charity status and the professional services of the foundation, including staff and administrative support.
To learn more about how a partnership with the Greater New Orleans Foundation can meet your clients’ needs, please contact Allie Betts, development officer, at (504) 598-4663.