Field of Interest Funds
Scholarships, environmental protection, social services, arts education, youth development—many causes inspire donors to create field of interest funds.
A field of interest fund allows donors to direct the income from their fund to an area of need or organization they care about.Donors receive an income tax deduction for their opening contribution and any subsequent donations. Depending on how they establish the fund, donors may play a role in making grant recommendations. Other people, such as community members, can also make tax deductible contributions to the fund.
Berkshire Taconic oversees the competitive grantmaking process, invests the funds and provides record-keeping services.
Community members may make tax-deductible contributions to an existing field of interest fund that addresses a cause or nonprofit group they wish to support.
Minimum to open a field of interest fund:
$10,000 non-endowed; $25,000 endowed
View a list of our field of interest funds.
Find guidelines and applications for field of interest funds.