Date Established: June 3, 2014
CFOS has partnered with New York Council on Nonprofits (NYCON) to be the capacity-building service hub for direct technical assistance to nonprofits. This fund will mobilize philanthropic resources in the Orange and Sullivan Counties in order to support a coordinated effort to deliver individual and cohort-based technical assistance to nonprofits facing challenges to mission viability and organizational sustainability.
To learn more about this resource visit: https://hudsonvalleyfundersnetwork.org/
To support this critical and timely need:
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.
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.
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.
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.
An agency endowment can be established by a non-profit, tax-exempt 501(c)(3) organization or by a donor of that organization.
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.