Types of Endowments
The Foundation offers several types of charitable funds:
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Unrestricted leaves the choice of grantee to the Foundation. The Fund for Rhode Island is our general unrestricted fund.
Field of Interest recommends an area of interest, e.g. the environment or geographic region, and directs the Foundation to make grants to related projects. We are particularly interested in funds forpublic education and primary health care, our two special initiatives.
Designated identifies a particular nonprofit organization, or several, for perpetual support.
Donor advised enables a living donor and successors to recommend different grantees both in Rhode Island and elsewhere.
Organizational endowment enables a nonprofit organization to establish its endowment at the Foundation to take advantage of pooled investments and greater security.