Designated Funds support specific charitable organizations that you identify when you make your gift.  If the designated organization ceases to exist, the Foundation's Board will select another charitable organization with a similar mission unless otherwise directed by the donor. A Designated Fund can help you: Make an endowment gift to any charity. Endow emerging, small or struggling organizations. Create an endowment gift with confidence that the principal will not be invaded, that the endowment lasts in perpetuity. Endow several organizations.