The Community Foundation advocates endowment-building because this source of permanent capital helps organizations plan for a stable and secure future.

The Foundation is committed to strengthening and serving the nonprofit community. As part of that commitment we manage assets and reserves for nonprofit organizations. We also assist with planned giving and other complex gift options.

More than 50 nonprofit organizations are already building endowments with us to benefit their organizations. Their endowment funds provide these organizations with a reliable, ongoing source of financial support. We enhance their efforts by leveraging our expertise, systems and excellent financial management and oversight.

We Offer Two Types of Nonprofit Funds

Nonprofit Investment Fund

Your organization revocably authorizes the Community Foundation to manage the money within its selected portfolio. The organization can request and receive up to 100% of its assets as requested.

Nonprofit Endowment Fund

Your organization establishes an endowment fund with the Community Foundation in perpetuity. An annual payout based on the Community Foundation’s spending policy is designated to your nonprofit. This option is best for organizations that want to assure donors the endowment principal will remain intact or honor a donor’s bequest to the endowment fund.

What is an Endowment?

An endowment is a pool of assets – a portion of which is made available for charitable purposes annually.

The Importance of Endowment

Endowment funds provide a source of ongoing annual financial support to address charitable causes. This source of funding can be invaluable in uncertain economic times when other support may no longer be available. During stronger economic periods, an endowment can provide funding to expand support and act as seed money for the development of new programs and services.

Endowment also provides intangible benefits. Giving to an agency’s endowment creates the opportunity for donors to leave a lasting legacy of support. A nonprofit organization with an endowment is sending a message to its donors that the organization will be here fulfilling its mission for decades to come. An endowment can also provide financial security to those organizations taking on new challenges and seizing new opportunities as they arise.