An Agency Fund is a cost-effective and easy way for your nonprofit organization to invest in its future. Your donors can be confident that the fund will be professionally managed to build a reliable source of continuing support for your good work. 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 large funds.
Nonprofits can use an agency fund to invest their reserves, or establish and build an endowment to support the long term dreams of the organization.
How it Works
- We work with nonprofits to learn about their organization’s needs and can setup an endowed (principal is guarded from spending) or unendowed (fully expendable) agency fund in the name of your nonprofit organization. Your fund is pooled to take advantage of the Community Foundation’s investment options.
- The minimum to open an Agency Fund is $25,000. Your board determines how much to contribute for the initial investment to establish your fund. Your organization or donors may then add to the fund any time.
- We work with your staff to understand the nuances of accepting complex asset gifts to your fund, like stock, trust, appreciated assets (such as art) and bequests.