Build an agency endowment
Invest in the future
We achieve economies of scale by pooling your agency’s endowment with other funds, which can reduce investment management fees. We provide investment oversight, saving your staff and Board time and enabling you to focus on growing your program. Once established, the fund’s income can be directed each year to your organization’s operating budget, giving you additional revenue to support your good work.
Five steps to opening an agency endowment fund
- Talk to our staff. We’re happy to discuss the pros and cons of creating an endowment fund with your executive director or chief financial officer before you involve your board in the process.
- Engage your Board. If you decide to move forward, you’ll probably talk first to the Board Committee that handles your finances. We’re happy to work with you to prepare for their review by building an objective case comparing the advantages and drawbacks of your current program versus an endowment fund with the Stanislaus Community Foundation.
- Complete the paperwork. Our fund agreement is all you need to get started. Most people have questions about variance power and the irrevocability of gifts made to the Community Foundation. Please contact us with any questions.
- Tell us about your goals. We’re here to help your organization achieve its mission in the long run. If you want to market this new endowment fund to your current or prospective donors, or to others in the community, we can provide assistance. We often help nonprofits structure their donors’ major and planned gifts to build their endowment funds.
- Let us handle the administrative details. Once your fund is established, we become the fiduciary. It is our job to manage investments, conduct quarterly reviews of performance against benchmarks (via our Investment Committee), and meet with investment advisors at least annually and recommend changes where performance is lagging.