A fund is the basic building block of a community foundation. Funds are named for their purposes, for their donors or as memorials. Most of the funds operate as perpetual endowments, distributing only their net income in the form of grants. Others distribute principal, either at specific times set forth at the funds creation or at the suggestion of the fund's advisors. Almost any charitable purpose can be served through a fund within the Centerville-Washington Foundation.

Current funds include:

The Charitable Checking Account service offers donors the ability to use different types of assets, including appreciated securities, to fund their charitable gifts at the maximum tax savings. It enables them to have direct control over their gifts to charities and to do so with maximum convenience and flexibility.

The service is offered by the Centerville Washington Foundation through The Dayton Foundation Depository, Inc., a freestanding charitable corporation.