Foundation Blog
Chances are, when you think about CFA grantmaking, our discretionary grant cycles come to mind. These are the open cycles in the spring and fall when any local nonprofit can apply for funding.
Our Field of Interest funds also provide grantmaking opportunities, and they're an ideal way for donors to make a profound impact on the specific causes they care about.
The Taylor-Jones Humane Society has received grants from CFA Field of Interest funds in the past and recently received one for $2,500 to provide medical treatment for animals like the ones pictured here.
"With the help of caring hearts, dogs like these get the medical help they need so they may find their forever homes," said Melissa O'Neill of TJHS.
The recent grant TJHS received was from the Pat Meleen Vaughn Fund for the Humane Treatment of Animals.
"To this day, Pat’s legacy lives on through her field of interest fund. Her fund has created a pipeline to serve the causes she cared about the most," said CFA Donor Services Director Jasmine McCabe-Gossett.
Here's how Field of Interest endowment funds work:
- A donor who cares about a specific field of philanthropy establishes a fund at CFA.
- The principal gift is invested to help the fund grow over time. CFA's expert investment team carefully manages this process.
- Each year, a percentage of revenue from that fund is granted to a nonprofit(s) for a project that aligns with the fund's purpose.
Interested in learning more? Talk to Jasmine! You can reach her at 325-676-3883 or by emailing jasminemg@cfabilene.org.
Read about all CFA fund types here.
