Types of Funds

ACT offers a variety of fund options to help you meet your philanthropic goals and respond to community needs. From donor-advised funds (which allow you to engage in active grantmaking) to Unrestricted funds (which rely on the foundation’s knowledge of the community for grantmaking decisions), our funds allow you to select the manner in which you want to invest in the Alexandria community and around the world.

Donor Advised Funds

Donor advised funds are established by donors who wish to participate in the grant-making process. Individuals who establish a donor advised fund recommend charitable projects or organizations they want to support. It is easy to give to multiple nonprofits through a donor advised fund. Our ACT Advisory Board is legally responsible for approving all grants. Learn more about Donor Advised Funds. 

Designated Funds

Donors who wish to support a specific agency or cause can establish a designated fund. If the original charity ceases to exist, becomes obsolete or is unable to perform their charitable purposes, the ACT Advisory Board of Directors is able to redirect the funds to an organization providing similar services without the cost of expensive legal action.

Many nonprofit organizations establish an endowment fund with us in order to grow assets to meet both current and future needs. They look to our Board for strong investment oversight services and ask our staff to manage all of the administrative details of the endowment. This can provide a relatively constant source of annual income and help maintain their mission in perpetuity. It also frees the nonprofit to focus on what they do best in the community.

Donors can create a new designated fund or contribute to an existing one.

Field-of-Interest Funds

Field-of-interest funds are often established to support particular interest areas, specific program initiatives, causes or geographic areas. At the donor's request, use of the funds is restricted to a specific area of interest, but flexibility remains to meet changing situations.

Scholarship Funds

The creation of a scholarship fund is attractive to many donors and can be structured to benefit students at any educational level, or for a specific institution. A scholarship fund can also be established to honor a loved one.

Some donors choose to stay involved through advisory relationships, while others name advisory committees to assist in the selection of recipients. Either way, our staff will handle the necessary paperwork and will ensure that scholarships are distributed in an equitable manner.

Strategic Initiative Funds

ACT has created special funds designed to address vital issues facing Alexandria. Donors are invited to participate with ACT on major initiatives, such as the ACT Capacity Building Grant Program and the Early Care and Education Fund.  To support either of these funds, click on the donate now button below and dedicate your donation to the fund you would like to contribute to. You may also send a check to ACT for Alexandria, 1421 Prince St. Alexandria, VA 22314 noting which fund you would like to support or contact 703-739-7778.   

Giving Group Funds

ACT works with two giving groups devoted to making positive changes in Alexandria.The Giving Circle of Alexandria is a group of more than 300 women who combine their resources and knowledge to understand and meet the needs and hopes of Alexandria's children, youth and families. Learn more about The Giving Circle of Alexandria.  Give Back Alexandria is a network of individuals under the age of 40 who are focused on giving back to our community. Learn more about Give Back Alexandria

Unrestricted Fund

Donors can support changing community needs by providing unrestricted support to the ACT Community Fund, renamed to the Norma Steuerle Community Fund in 2015, in memory of Norma Steuerle and the generous contributions of her family. Donors may also create separate funds to provide unrestricted resources to ACT for Alexandria . The foundation's board of directors will use the funds to address pressing needs in Alexandria. To support the Norma Steuerle Community Fund, click on the donate button below and dedicate your donation to the Norma Steuerle Community Fund. You may also send a check to ACT for Alexandria, 1421 Prince St. Alexandria, VA 22314 noting that your donation is for the Norma Steuerle Community Fund or contact 703-739-7778. 

Online Donation Button

 

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