Types of Funds
The Community Foundation offers a variety of options to make the most of your giving. Whether you want to organize and simplify your giving, support a specific cause, partner with us to position the Hastings Area for a strong future, help students achieve their educational dreams or leave a charitable legacy, we’ll customize a fund to meet your needs.
COMMUNITY GRANTS FUND
This “For Good. For Ever.” Endowment fund is the best way to ensure that the future needs of Hastings are met. Unrestricted funds provide flexible resources for grant making to nonprofits and other good projects. Donors who choose to give to HCF’s Community Grants Fund add their contributions, both large and small, to the community’s “savings account.” The principal of these funds is carefully invested and the income generated annually from the endowed fund is used to make grants addressing important community concerns both now and in the future.
DONOR ADVISED FUND
Advised funds allow you to make a gift to the Community Foundation and remain actively involved in recommending uses for the gift and are excellent vehicles for donors to set aside charitable dollars now and distribute them gradually over time. You recommend the organizations to receive grants, and we do the due diligence and paperwork. Donors often regard Advised Funds as charitable investment accounts, using a portion of the fund’s income to support their favorite charities annually or as the need arise.
DESIGNATE A FUND
Donor designated funds allow you to provide permanent ongoing support to one or more charities. The organizations you are most passionate about can receive a gift in your name forever through a Designated Fund.
SCHOLARSHIP FUNDS
The Hastings Community Foundation is honored when a family asks us to help remember a loved one by establishing a special fund in their memory. This was especially the case when John and Pam Gaspers wanted to establish a scholarship in their son Kevin’s name.
1st Lt. Gaspers was killed in the line of duty in Iraq in 2007. He had just turned 26. Kevin grew up in Hastings, graduating from St. Cecilia High School in 2000, and UNL in 2005 (ROTC). He was awarded numerous service medals including the Bronze Star and the Purple Heart.
The 1st Lt. Kevin Gaspers Scholarship is awarded annually to three students, one each from Hastings High School, St. Cecilia High School, and Adams Central High School. It is one of 14 scholarships currently administered by the HCF.
MEMORIAL FUNDS
Establishing a memorial fund at the Hastings Community Foundation gives the bereaved family time to consider how best to honor the memory of their loved one. We manage all the details of the memorial - including acknowledging gifts received and and tracking amount donated. We provide the family information on who has given - and when you’re ready, memorial funds can be used to fund a broad array of charitable causes. Memorial funds may be endowed or non-endowed or can be set up similar to a donor-advised fund, where the spouse or family of the deceased can request various grant distributions.