Connecting People Who Care with Causes that Matter

For Nonprofits

Building for the Future: Creating a Non-Profit Endowment Fund

The Community Foundation is an ideal vehicle for building an endowment to help any non-profit organization better meet current challenges and provide long-term stability for the future of the organization. The Community Foundation provides investment oversight of the funds and many other services.

What is an agency endowment?

An agency endowment, which grows through gifts from generous donors and investment income, is a permanent pool of charitable dollars whose earnings benefit a specific organization. Only a portion of the earnings are spent for purposes determined by the nonprofit’s board, or in some cases, the wishes of the donor.

Who should create an endowment?

Organizations with an outstanding track record of service to the community, strong leadership and management, financial stability and accountability, a committed and diverse pool of donors, board and staff commitment to the effort, and the capacity to engage in this long-term fundraising strategy are the best candidates for endowment development.

Why does your organization need an endowment?

An endowment demonstrates that your organization has made a long-term commitment to your mission. It provides an additional source of annual income. Endowment earnings can be used each year to help fund operations, programs, and unanticipated needs.

Who can establish an agency endowment with the Foundation?

An agency endowment can be established by a non-profit, tax-exempt 501(c)(3) organization or by a donor of that organization.

How do you set up an endowment?

Your board can readily establish an endowment with the Community Foundation by completing an agency fund agreement and making an initial contribution of at least $5,000.

How can you build your endowment?

  •  Select a committee to plan the effort, fundraise, and meet with potential donors.
  • Create an endowment building plan which includes responsibilities of staff and board, strategy for building the endowment, an investment policy, a spending policy, a gift acceptance policy, a marketing plan and a donor recognition plan.
  • Seek donations of cash, appreciated securities or planned and deferred gifts.
  • Encourage donors to include your organization in their wills.
  • Become educated about endowment building and planned giving. Staff and Board must be able to explain the difference between annual fund, capital fund and an endowment.
  • Contact us. We can help simplify the endowment building process.

Upcoming Events

Feb
22
Wed
2017
CFOS Executive Committee Meeting @ Walden Savings Bank Corporate HQ - 2nd Floor Board Room
Feb 22 @ 8:00 am – 9:00 am

This is a closed event for CFOS Staff and Executive Committee Members ONLY.

Mar
12
Sun
2017
St. Pat’s Ramble Grand Marshal Cocktail Reception @ Ward's Bridge Inn
Mar 12 @ 1:00 pm – 3:00 pm

The Village of Montgomery St. Pat’s Ramble Committee is proud to announce the selection of Pat Pskowski as the 2017 St. Pat’s Ramble Grand Marshal. Please join us in congratulating Pat. A cocktail reception will be held in her honor. 

Reservations required in advance. 

Hors d’oeuvres / Cash bar

To reserve your reception tickets, please contact the event organizer. 

Mar
17
Fri
2017
Hudson Valley Animal Shelter Grant Application Deadline
Mar 17 all-day

This is the deadline for applications to be submitted and accepted by the Community Foundation. For more information please contact the event contact. For the downloadable application please visit the website URL. 

Mar
18
Sat
2017
2017 Run for the Gold 5K @ Village of Montgomery
Mar 18 @ 10:00 am
Mar
23
Thu
2017
CFOS Full Board Meeting @ Orange County Chamber of Commerce Business Center - Larkin Conference Room
Mar 23 @ 4:00 pm – 5:00 pm

This is a closed event for CFOS Staff and Board Members ONLY.

Apr
4
Tue
2017
Fund Representative Workshop & Dinner @ Orange County Chamber of Commerce Business Center - Larkin Conference Room
Apr 4 @ 5:30 pm – 8:30 pm

This workshop is for:

  • Current Fund Representatives (and friends and families who help raise money for your fund)
  • Prospective Fund Representatives
  • Your Board Members
  • Your Volunteers

Please come for all or part of the session to learn about:

  • Investment Performance
  • How to cultivate legacy and other “non-traditional” gifts – now AND later
  • New ways to “grow” your fund, including donor-initiated fundraising events, fundraising trips, jewelry parties, and more
  • GiveGab online fundraising platform
  • Hudson Valley Gives 24-hour online giving event on May 17

RSVP by March 23 to admin@cfosny.org or call 845-769-9393 with names & contact information (phone & email)

Please RSVP so that we may plan for sufficient materials and food. 

We look forward to seeing you there!

Apr
5
Wed
2017
CFOS Distribution Committee Meeting @ CFOS Conference Room
Apr 5 @ 8:00 am – 9:00 am

This is a closed event for CFOS Staff and Distribution Committee Members ONLY.

CFOS Distribution Committee Meeting @ CFOS Conference Room
Apr 5 @ 8:00 am – 9:00 am

This is a closed event for CFOS Staff and Distribution Committee Members ONLY.

Apr
20
Thu
2017
CFOS Finance Committee Meeting @ CFOS Conference Room
Apr 20 @ 8:00 am – 9:00 am

This is a closed event for CFOS Staff and Finance Committee Members ONLY.

Apr
26
Wed
2017
CFOS Executive Committee Meeting @ Walden Savings Bank Corporate HQ - 2nd Floor Board Room
Apr 26 @ 8:00 am – 9:00 am

This is a closed event for CFOS Staff and Executive Committee Members ONLY.

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30 Scott’s Corners Drive, Suite 203
Montgomery, NY 12549
Ph: (845) 769-9393
Fax: (845) 769-9391
e-mail us

Text CFOSNY to 22828 to sign up forour mailing list - Message and data rates may apply
Text CFOSNY to 22828 to sign up for our mailing list - Message and data rates may apply

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