field of interest funds

considering a field of interest fund

what is a field of interest fund?

Field of interest funds allow you to direct your charitable giving toward an area of interest without selecting a specific organization.

who should consider establishing a field of interest fund?

Donors who feel strongly about having an impact in a specific area of need. It’s also a great option for a donor who would like to utilize Horizon Community Funds’ expertise in grantmaking to designated fields of interest. It also offers the opportunity to leave a legacy through an estate gift or bequest.

what are the administrative fees and how are they charged?

Horizon charges a 1% annual administrative fee (“Community Support Fee”), which is based on the percentage of the investment value. This fee is applied directly to the fund on a monthly basis.

what is the process for recommending fund distributions?

The process is simple. The advisors to the fund can either fill out a form recommending the timing and amount of the distributions, or you may do so via our online portal. Our staff reviews the request to ensure it meets the original intent in the donor agreement. Approval of the recommended distribution generally happens within the same day. Distributions will be sent as a check with an acknowledgment letter to the organization/charity; the advisors will receive an electronic copy of the letter as a courtesy.

For more information on creating a field of interest fund, contact:

Nancy Grayson, President & CEO
ngrayson@horizonfunds.org | 859.757.1552