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

Jul
11
Thu
2019
Summer Concert Series – Hosted by Illuminate Goshen @ Church Park
Jul 11 @ 6:30 pm – Aug 28 @ 8:30 pm

Join us for a concert on the green every Wednesday evening from 6:30 – 8:30. Bring a lawn chair and enjoy the beauty of the village. 

Sep
13
Fri
2019
7th Annual Spirit, Beer & Wine Fundraiser @ Downtown Barn
Sep 13 @ 6:00 pm – 9:00 pm

This event benefits the Liberty Rotary Club Scholarship Fund at the Community Foundation of Orange and Sullivan. 

Sponsor levels:

Top Shelf – $500 or more

Premium – $250-$499

Stout – $100-$249

Pilsner – $50-$99

Sep
20
Fri
2019
Trotter Auction – Hosted by Illuminate Goshen @ Limoncello at the Orange Inn
Sep 20 @ 6:00 pm – 8:00 pm

Come bid on your favorite horses to benefit both our local artists and our local programs. 

Sep
28
Sat
2019
Fall Ball – Hosted by Illuminate Goshen @ Stagecoach Inn
Sep 28 @ 7:00 pm – 11:00 pm

Join us for our cocktail party fundraiser in the newly renovated space at the Stagecoach Inn. The restaurant will be closed to the public during this event to allow for dancing, drinks and hors d’oeuvres. 

Early bird ticket pricing:
$110 Single Ticket
$200 Couple

Oct
6
Sun
2019
Fall Festival – Hosted by Illuminate Goshen @ Myron Urbanski Memorial Park
Oct 6 @ 10:00 am – 2:00 pm

Featuring our first ever kickball tournament, art walk, pumpkin carving and more! 

Ticket pricing to follow.

Dec
7
Sat
2019
Village of Goshen Tree Lighting – Hosted by Illuminate Goshen @ Church Park
Dec 7 @ 4:30 pm

Featuring music, kids’ activities, carolers, readings and more! 

Dec
31
Tue
2019
New Year’s Eve Family Fun Festival @ TBD
Dec 31 @ 7:00 pm – 9:00 pm

Featuring music, children’s activities and a 9:00 PM ball drop.

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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 for our 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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