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Create a Fund

Your Fund Options at Community Foundation of Acadiana

Endowed Funds & Non-Endowed Funds

The first decision a donor makes in establishing a fund at Community Foundation of Acadiana (CFA) is whether thefund is to be endowed or non-endowed.

ENDOWED FUND – a permanent gift whereby the principal is invested and never touched ensuring the donor’s long-term intent of its use. The gift is invested and annually a portion of the earnings is available to be granted to the philanthropic cause defined by the donor.

NON-ENDOWED FUND – can use the principal donated and any earnings to benefit the philanthropic cause defined by the donor.

DONOR ADVISED & CORPORATE ADVISED FUNDS -Essentially, a charitable savings account, this option is our most popular and makes giving easy. Individuals, families or companies can make tax-deductible contributions at any time. Grants are then made to any number of US 501(c)(3) nonprofits, churches, schools or public entities at the discretion of the donor(s).

DESIGNATED AND AGENCY FUNDS -These Funds benefit a non-profit organization the donor supports. Donors name the designated organization(s) that will benefit from this Fund. A nonprofit can also establish this type of Fund to support its own charitable mission, ensure continuity of its programs and meet emergencies and financial deficits.

FIELD OF INTEREST -These Funds benefit an interest and cause that is important to the donor. Donors may define the field of interest broadly or specifically such as the arts, childhood obesity, or a particular community or parish.

SCHOLARSHIP FUND -These Funds provide assistance to students at any education level or for a specific institution. They can also be established to honor a loved one. Scholarship awards are granted to the student and designated entity per purpose and criteria.

DISCRETIONARY FUND -From these Funds, the CFA Board of Directors award grants to organizations that meet emerging needs and opportunities in the communities we serve. These Funds are the most timeless in terms of community impact.

EMPLOYEE EMERGENCY RELIEF FUND -Funds established in response to a natural disaster, or in the event that one may occur, can accept tax-deductible contributions, which in turn are granted to the victims to help meet their needs.

LEGACY FUND -A donor can establish a Fund with CFA to be funded with a future "planned gift”. The most popular planned gift is a simple bequest, via will. A bequest to the Foundation allows for an unlimited charitable estate tax deduction, and because combined federal and state estate taxes can be significant, bequests can create tax savings that can be passed on to your heirs. Through Community Foundation of Acadiana, a bequest creates a permanent legacy that will serve the community for generations to come. The Foundation's administration ensures that donor wishes will continue to be honored.

Other planned gifts include charitable remainder trusts or charitable lead trusts, gifts of remainder interest in a home or real estate, life insurance proceeds and life estates. Today, the donor determines the type of Fund and its future beneficiaries. This is a simple and powerful vehicle to create a legacy for oneself and one’s family.

Several types of deferred giving arrangements can be established that help donors who, with generous forethought, want to combine their philanthropic goals with their estate planning.

The dollars in your "charitable giving vehicle" can then be granted to any U.S. 501(c)(3) nonprofit organization, church, or school – in your parish, community,and/or anywhere in the country - any time. You can also choose to add to the Fund any time, any year, to take advantage of the charitable tax deduction.You can make your own choices or take advantage of our staff's expertise to help you address your community's most pressing challenges.

To learn the basics of establishing a fund, contact Raymond Hebert at 337.769.4840 or for an appointment today. You can also choose to start your fund today, with any amount, by completing our Donor Advised Fund Agreement.

Why give through YOUR
Community Foundation?

  • Maximum tax advantages, competitive administrative fees, efficiency through administrative services, expertise in investment options and professional fund management.
  • Flexibility, creativity and donor-focused. The Foundation offers a variety of fund types to donors, donors can recommend when to grant and to whom and create a customizable way to satisfy any charitable objective - big or small.
  • Permanence. A donor's fund can grow at the Foundation, thereby making the opportunity to make ongoing grants to satisfy an immediate or permanent need.  
  • Trustworthy and transparent. The Foundation is one of over 650 successful foundations in the U.S. and  has leveraged an increase in giving opportunities in Acadiana since 2000. The Foundation is independently audited and monitored by its finance committee and Board of Directors.


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