Designated Fund: Agency
Endowment
Endowing your non-profit
organization
Establishing a
Designated Fund or Agency Endowment at your community foundation
is a simple and efficient way to build an income for your
nonprofit organization. Our experienced staff can help you
develop planned giving programs and assist with investment
management and administrative details.
Your donors can be
sure that the endowed fund’s principal will not be spent and can
grow over time, providing a source of lasting support. And the
community foundation’s economies of scale provide your
organization the benefits of a diverse investment portfolio and
low investment fees that typically come only with very large
funds.
Your organization’s
regular donors can leave a bequest through the community
foundation to benefit your organization forever and create a
personal legacy. The community foundation can facilitate even
the most complex planned gifts or
gifts of appreciated stock
or real estate. We
handle investment management and the administrative
responsibilities related to endowment so that your
organization’s staff and volunteer hours are concentrated on
fulfilling your mission.
How it works:
-
Your board
determines how much you would like to invest long-term.
-
Your
organization works with our professional staff to complete a
fund agreement.
-
We set up a
special fund in the name of your nonprofit organization.
-
Your nonprofit
organization receives regular statements on the fund.
-
You can add to
the fund at any time.
-
We handle all
the administrative details—including investment management
and help in specifying grant disbursements—so that your
organization puts assets where they’re needed.
-
Your gift can be
placed into an endowment that is invested over time.
Earnings from your fund are used to make grants addressing
community needs. Your gift—and all future earnings from your
gift—is a permanent source of community capital, helping to
do good
work forever.
