Types of Funds / Designated Funds

A designated fund lets you permanently support you favorite nonprofit organizations  -- even after your lifetime. With a gift of $25,000 or more you can create a permanent fund that makes annual grants to nonprofits you name (e.g. your college, church, a human service organization or arts group).  If you've been regularly donating to organizations, this is a way to continue your support forever.

Click here for an agreement to start a designated fund.

Kathrina B. Powell Fund

Laverne Powell Winn lives in Denver but fondly remembers her childhood in Norfolk. One of her most vivid memories is going with her mother, Kathrina Powell, to the Van Wyck Library in the Ghent neighborhood. For the Powell family going to the library was like going to church -- it happened once a week. In 2006 Winn created a designated fund to support Norfolk’s branch libraries and named the fund for her late mother, Kathrina – a woman who would rather read than watch TV.