Advised Fund
An Advised Fund (endowment, pass-through, or invested pass-through) typically is established at the request of a Donor to the Community Foundation to provide support for charitable and similar exempt expenditures or recipients recommended by the Donor or persons designated by the Donor to advise the Community Foundation.  The recommendations must be advisory only, and the Community Foundation must be free to reject any or all recommendations.

Designated Fund
A Designated Fund (endowment or pass-through) typically is established to provide support for a specified public charity (e.g., the local art museum, symphony, or hospital), with no future advice or recommendations from the Donor (or any persons designated by the Donor).

Discretionary Fund 
A Discretionary Fund (endowment or pass-through) typically is established to provide support for general, unspecified charitable purposes at the discretion of the Community Foundation, with no advice or recommendations from the Donor (or any persons designated by the Donor).

Discretionary Scholarship Fund
A Discretionary Scholarship Fund (endowment or pass-through) typically is established to provide educational scholarships to individuals, with no advice or recommendations from the Donor (or persons designated by the Donor).

Field of Interest Fund
A Field of Interest Fund (endowment or pass-through) typically is established to provide support for a specified charitable purpose (e.g., cancer research, the arts, public schools, impoverished children), with no future advice or recommendations from the Donor (or any persons designated by the Donor).