An Affiliated Fund is a collection of assets (endowed and non-endowed) whose principal and income are designated by a community foundation to fulfill charitable needs in a specified community. In operation, an Affiliated Fund will piggyback on Midlands Community Foundation's infrastructure — "back office" financial, legal and administrative systems, investment services and often, program and grantmaking services.
Typically, an Affiliated Fund is defined by a geographic territory of its service area — a neighborhood, city, region or other physical place.
We'd like to tell you more about Midlands Community Foundation. Call 402-991-8027 or e-mail email@example.com.