Funds - Black Hills Area Community Foundation

Creating the Future
of the Black Hills!

Inspiring people to invest as a community to help improve the quality of life of the people throughout the Black Hills!

Fund Options

We help donors provide for their favorite charities and causes far into the future by helping donors manage their giving to the charites of their choice. Donors may select the fund type designed to maximize their impact.

To view a list of current funds at BHACF please visit BHACF Current Funds.

Community Grantmaking Fund
The donor allows BHACF the discretion to use available grant dollars for a broad range of community issues. This enables BHACF to respond to changing community needs that often cannot be anticipated at the time the gift is made.

Donor Advised Fund
Establishing a donor-advised fund allows the donor to actively participate in the grantmaking process by periodically recommending charitable distributions from the fund. Donors can create either an endowed or nonpermanent fund that involves the donor in the use of their fund. BHACF verifies that the donor's recommendation is a qualified public charity or government entity. The BHACF Board of Directors has final approval of these recommendations. Grant awards are issued to charities in the name of the fund or anonymously (if the donor prefers). Contributions to the fund qualify for income tax deduction in the year they are made.

Agency Endowment Fund
An agency endowment fund offers community organizations a simple and efficient way to build an endowment and create sustainability. BHACF helps the organization with the investment and administration of the fund, as well as the distribution of grant dollars to the organization.

Giving Circles/Field of Interest Funds
By contributing to a Giving Circle or a Field of Interest fund, donors can address the area of community life that is most important to their charitable goals.

Special Project Fund
BHACF has established several limited purpose, nonpermanent pass through funds. We work with community organizations and dedicated citizens to fulfill projects that improve the quality of life in our area.

Scholarship Fund
A Scholarship Fund allows donors to invest in the community's future by helping deserving students. These funds provide support for individuals pursuing training or educational opportunities.