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

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.

Apr
29
Sat
2017
Hudson Valley Light it Up Blue 2017 @ The Fountains of Wallkill
Apr 29 @ 4:00 pm – Apr 30 @ 2:00 am

HUDSON VALLEY LIGHT IT UP BLUE 2017 CELEBRATION!

This year, all proceeds will benefit Beautiful People, the Orange County Chapter of Miracle League, for the development of Orange County’s FIRST ‘Field of Dreams’ so that ALL children have a chance to play baseball and enjoy the benefits of being a part of a team!

Raffles, Door Prizes & 50/50:
Over 100 Prizes were given away last year!

There is NO charge to attend.
Donations will be accepted at the Door and throughout the night.

Donations also accepted online:
www.hvlightitupblue.com

10 rooms have been blocked off at Home2 Suites by Hilton Middletown, NY, located at 600 Rte 211 East under code: HVLIUB. ALL RESERVATIONS MUST BE RECEIVED BY APRIL 8TH!
845-703-8000

Pasta Station will be donated by The Fountains of Wallkill.
Dessert Bar will be donated by You’re the Boss!
Grill Menu Available after 6:30PM
Cash Bar

Live Entertainment:
DJ Chewy & MC Ray Ayala
Live Bandeoke donated by HILLBILLY PARADE
AND THE HYPE!!!

May
1
Mon
2017
6th Annual Michael Ryan Zodda Foundation Golf Event @ Blue Hill Golf Course
May 1 @ 12:00 pm

Our Signature Event Raising Funds For AVM Research

Lunch and Dinner

Silent Auction, Raffles and Short Program

May
9
Tue
2017
Professional Advisor Seminar @ Orange County Chamber of Commerce Business Center
May 9 @ 4:30 pm – 7:30 pm

The Community Foundation of Orange and Sullivan’s Professional Advisors Council will host an educational seminar and networking event for accountants, attorneys, financial advisors, and insurance representatives on May 9, 2017. The seminar will feature speakers from the NY State Attorney General’s Office and the NY State Office of Taxation & Finance. It will run from 4:30-7:30 p.m., in the Larkin Conference Room, 30 Scott’s Corners Drive, Montgomery, NY.

Pending approval, the seminar will offer two Continuing Legal Education or Continuing Professional Education credits for attorneys and accountants.

Sandra Giorno-Tocco, from the Attorney General’s office will talk about “The Role of the Attorney General in Detecting and Investigating Fraud, Embezzlement, and Diversion of Charitable Assets.” Afterwards, Mwisa Chisunka will provide an Inside Look at the NY State Tax Office, and provide a detailed discussion on estate taxes.

The event includes a buffet dinner. The cost is $35 for members of the New York State Society of Certified Public Accountants and $40 for non-members. Full and partial scholarships, based on need, are available.  To register online visit http://cfosny.org/event, or call Sarah at (845) 769-9393.


Member or Non-member
Credits being applied for:



This seminar is sponsored by Goldstein, Karlewicz & Goldstein LLP; Orange County Bank & Trust; Blustein, Shapiro, Rich & Barone Attorneys at Law; Judelson, Giordano & Siegel, CPA, PC; and The Misner Agency, Inc. co-Sponsors include the Mid-Hudson Chapter of the New York State Society of Certified Public Accountants, and the Women’s Bar Association of Orange & Sullivan Counties, a chapter of the Women’s Bar Association of the State of NY.

May
17
Wed
2017
Hudson Valley Gives @ Hudson Valley
May 17 all-day

Hudson Valley Gives is a day of giving fueled by the power of social media and collaboration. Hudson Valley Gives is an initiative of Community Foundation of Orange and Sullivan. Visit the event website for more details.

May
25
Thu
2017
CFOS Full Board Meeting and Annual Retreat @ TBD
May 25 @ 12:15 pm – 1:15 pm

This is a closed event for CFOS Staff and Board Members ONLY. This is our Annual Board Retreat and more details will follow.

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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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