The Eau Claire Community Foundation holds more than 200 funds ranging in size from $10,000 to more than $1 million. Each fund is as unique as the donor who creates it. When individuals, families, or organizations create a fund, they give it a name and choose its purpose. The Foundation invests these funds in one of our three investment pools. Annually, a portion of each fund is used for making grants according to the wishes of the donors.
Acorn Funds are seed funds that build in size until they can begin distributing grants to the community. Donors can invest as little as $500 up front and build the fund with tax deductible donations for approximately 5 years. Once the Acorn Fund has gathered enough funds to begin granting, we say it is “fully funded,” though that doesn't mean the fund can't accept any more donations. Many funds which have once been Acorn funds have become the wide variety of family funds we have at the Foundation.
Interested in creating your own Fund? You can go to the Start Your Own Fund page to learn more!
If you prefer not to create a fund, we welcome donations to our Community Fund, which serves the greatest needs of the Community, and to our Operations fund, which helps support the operations of the Foundation.
Fees support fund and grant management, investment oversight, an annual independent audit, and the general operations of the Foundation. Depending on the type of fund, annual administrative fees range from 1.5% to 5%. Investment fees range from 0.5% to 1.1%. For more information regarding fee structure, please contact the Foundation.