It is quite common for community foundations to offer designated funds as an option for donors. Designated Funds allow individuals, families and orgainizations to set up funds for a specific purpose. Once the initial investment is made, requiring a minimum of $10,000, the investment earnings from the fund are then distributed for the stated purpose. Designated funds often appeal to donors whom are making memorials or honoring significant events in the lives of loved ones. These funds can provide great flexibility in funding local programs and projects.

The Virginia Community Foundation currently has two designated funds - The Virginia Public Library Fund and the Blue Pride Fund. The purpose of the Virginia Public Library Fund is to support program and capital needs at the Virginia Public Library. The purpose of the Blue Pride Fund is to support the Minnesota State High School League Activities at the Virginia High School.

• Blue Pride Fund
• Library Fund