Field of Interest Funds
Support a broad charitable purpose chosen by the donor.
What can you do with a Field of Interest Fund?
A field of interest fund allows you to support grantmaking to a broad charitable purpose such as human services, affordable housing, public education, or the performing arts. Funds are not tied to a specific charity. We fund the most effective organizations that serve your chosen area of interest.
Interested in establishing a Field of Interest fund?
Frequently Asked Questions
The minimum contribution to establish an endowed fund at MCF is $25,000, or $100,000 for scholarship funds. This may be donated in a single lump sum or cumulatively over five years. For charitable organizations that establish both an Agency and a Designated fund, the balance of the two funds can be combined to meet the required minimum contribution.
An endowment is a fund held in perpetuity for charitable benefit. As the fund grows, returns are used to support the designated beneficiary organization, field of interest, etc. An endowment can be funded by a variety of assets such as cash, property or securities. Learn more.
All endowed funds are pooled and invested in MCF’s managed pooled portfolio. This pool of funds is managed by independent investment managers selected by and under supervision of the MCF Investment Committee. See more about our investments.
Community Impact Fees are the fees associated with managing funds. All fees are established and reviewed by the MCF Board and are kept as low as possible to maximize a fund’s charitable giving power. Please refer to our Fee Schedule for more information.
The fund representative is the official point of contact for MCF in all matters relating to the fund. The representative is appointed at the time a fund is established, and he/she may appoint a new or successor representative at any time by notifying MCF in writing.
Payments to beneficiaries of endowed funds are made annually in March. Fund representatives may choose to reinvest all earnings, after payment of fees, in order to build principal. To change a fund’s status to re-invest, the fund representative must notify MCF by December 31 prior to the distribution cycle. No distributions are made until the fund reaches the required minimum contribution amount.
MCF's online portal provides you with 24/7 access to your fund account at MCF. Fund statements are available and show a summary of endowment fund activity for the previous year, including detailed information on contributions, distributions, fees and total returns.