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.
*This year we will be creating wood pallet painting! You will be able to choose from a variety of stencils and designs!
Please join us for a wonderful night out! The St. Pat’s Ramble and Run For the Gold 5K Race Committee is hosting our annual Sip & Paint Event. Proceeds from this event will help benefit the families and organizations in our community, that are in need of assistance. We hope you can join us!
*We will also have a TRICKY TRAY and 50/50 raffle so don’t forget to bring cash to win some wonderful prizes!
Snacks & Beverages are Welcome!
To Register online follow the link and you can pay by using Paypal, credit or debit card.
You may mail in your name, number of guests attending, and check payable and mail to:
The Art Cottage
3020 Route 207
Campbell Hall, NY 10916
SAVE THE DATE
Join us as we honor our World War II and Korean War Veterans for their courageous sacrifices on behalf of our country.
Featuring Guest Speaker:
Sergeant Rocky Sickmann of the US Marines
United States Marine Corps Sergeant and P.O.W., Iranian Hostage Crisis
$55 per person
$35 for Active Duty Military and Veterans
FREE for WWII Veterans & Korean War Veteran Alumni
(Prices at the door will be an additional $10.)
For Sponsorship and Journal Ad opportunities, click here.
To make a donation to the Hudson Valley Honor Flight Endowment Fund, click here.
This is a closed event for CFOS Staff and Finance Committee Members ONLY.
This event is closed for CFOS Staff and Executive Committee Members ONLY.
- Community Foundation Celebrates Successful Annual Reception Honoring Local Couples
- Grants Available for Organizations Serving Youth in Town of Rockland
- Anthony & Nancy Kane and Tom & Janet Sullivan to be Honored by Community Foundation Awards to be Bestowed During November 15 Annual Reception
- Memorial Fund for Late Minisink Valley Counselor Established Within Community Foundation
- Ambitious Student Becomes Community Foundation’s Youngest Fund Representative to Date
- Community Foundation Awards Over $400,000 in Scholarships to Students in Orange and Sullivan Counties
- Safe Harbors of the Hudson Establishes Endowment Fund Within the Community Foundation
- Community Foundation of Orange and Sullivan Announce Hudson Valley Animal Shelter Fund Grant Recipients
- Financial Assistance Available for Teens in Need
- Over a Hundred Local Nonprofits Registered for “Hudson Valley Gives” Second Annual Regional Day of Online Giving Scheduled for May 17