Nonprofit
Endowment Funds
Your organization strengthens our region, and we are committed to helping you thrive.
We offer expert guidance and solutions designed to help ensure your organization’s financial sustainability. As your trusted partner, we manage nonprofit endowment funds and sponsored program funds.
The Benefits of Partnership
When you open a fund with The Community Foundation, you gain access to our endowment management expertise and cost-effective, diversified investment options. You’ll also benefit from our ability to facilitate planned gifts, as well as complex gifts such as business interests and real estate.
Nonprofit Endowment Frequently Asked Questions
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The commonly accepted definition of an endowment is a fund that is maintained in perpetuity and invested to generate earnings for the benefit of charitable causes. It is a long-term fund managed by The Community Foundation on behalf of a nonprofit organization. The organization receives annual distributions for its use.
The endowment becomes a component fund of The Community Foundation. A component fund is a fund of The Community Foundation, a 501(c)(3) charitable foundation that serves as a regional community foundation. A component fund derives its legal status through The Community Foundation, which owns and manages the assets of the component fund for the purposes stated and the reasons gifts are received.
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The Community Foundation offers two types of nonprofit endowment funds to meet different organizational needs:
• Permanent Endowed Fund – Principal is permanently protected with annual distributions according to our spending policy, ideal for organizations seeking long-term financial stability.
• Nonprofit Fund with Withdrawal Option – Designed as a long-term fund with the ability to access principal in urgent situations with approval from both your Board and The Community Foundation's Board Executive Committee.
Both options provide professional investment management, planned-giving support, and freedom from the burdens of endowment administration.
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Your organization can establish a nonprofit endowment fund with an initial minimum contribution of $25,000. The fund can grow over time through additional contributions from your organization or gifts from donors.
Your organization may choose to establish both fund types, and a minimum deposit of $25,000 is required for each fund established.
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The Community Foundation has partnered with SEI to manage our investment portfolio. SEI's track record of continued growth, diverse portfolio managers, and outstanding suite of services offer many benefits to your fund, now and for decades to come. The Community Foundation offers two investment pools that coincide with the fund type you select. The permanent endowment is focused on long-term growth, and the endowment with withdrawal option is focused on capital preservation. Learn more about SEI.
A Helpful Guide to Maximize Charitable Giving.
An Endowed Fund is a fund that is invested for long-term capital growth. This allows the fund to accrue value over time, while a portion is set aside for distribution.
This long-term investment can greatly extend the life and impact of the fund, as well as the legacy of a donor or corporation. Any type of fund at The Community Foundation can be endowed to extend its philanthropic impact.
BUT ENDOWMENTS AREN’T JUST FOR DONORS!
Qualified nonprofit organizations can also establish an endowment with The Community Foundation which is managed by our experienced investment team.
This allows nonprofits to establish a stable funding stream for the future without the burden of investing or administering those funds.
By opening an endowment, nonprofits, corporations, and donors lay the foundation for a lasting financial legacy that will impact their community for generations to come! Click here for more information!
Opening a Fund with Us is Easy!
Contact us to discuss your organization’s needs and identify the best fund option for you.
Establish a fund for your organization by making an opening contribution. Funds may be permanently endowed or have the option for withdrawal option to access principal when urgently needed.
Conveniently manage your organization’s fund through Donor Central, our online fund management portal. Access your quarterly statements, recommend grants from your fund, view fund balances, and review your transaction history.
Choose from a range of investment options that provide your fund the potential to grow over time.
Make Your Money Go Further
With an Endowment!
Looking to make a bigger difference? Through a permanently endowed fund, your money can do more good than you ever thought possible. Check out our endowment calculator to see what your investment can accomplish over time!
Our Nonprofit Partners
