The Power of an Agency Fund
Updated: Feb 9
Frequently, an organization’s board of directors is at a loss when it comes to growing an endowment, structuring and accepting gifts of real estate and other hard-to-value assets, and following best practices for establishing and following an investment policy. Happily, when you establish a fund at the community foundation, we can step in as your behind-the-scenes back office, giving your board and staff more time to focus on your programs and donors.
An endowment or agency fund at the community foundation is a powerful tool to help secure your organization’s financial future for generations to come. If your organization has already established an endowment or agency fund at the community foundation, you are well aware of the benefits.
Nonprofit organizations frequently establish funds at the community foundation to set aside reserves or rainy day funds.
The team at the community foundation is adept at navigating the specific accounting standards that are unique to this type of arrangement.
The community foundation team can help establish investment policies and gift acceptance policies, making it easier for you to engage in fundraising discussions.
We're happy to answer any questions, so please contact us to find out more.