About Agency Endowments
What is an Agency Endowment?
Agency Endowments are established by donors who wish to specify a particular charitable agency or organization to receive the proceeds from their fund. Agency Endowments are also opened by nonprofit organizations that wish to establish a fund which is kept in perpetuity to provide an ongoing stream of revenue generated by the investment of principal.
Why do charitable organizations establish Agency Endowment Funds at the Community Foundation?
- Creates additional opportunities for charitable giving
- Protects the organization's endowed monies to meet future needs of the organization
- Provides a relatively constant source of annual income
- Demonstrates the organization's security, stability, and long-range financial planning
- Enables an organization to obtain funds for current operations more easily
- Increases investment yield since the endowment is pooled with other funds at the Community Foundation to receive maximum return and lower fees due to the size of the funds. (All funds at the Community Foundation of Greater Fort Wayne are operated in compliance with Internal Revenue Service Regulations, including variance authority requirements.)
- Access to planned giving services, such as Charitable Gift Annuities
- 20% match to qualified agencies on new gifts to the agency endowment fund
See also:
Agency Endowment Listing
For Agencies |
