Nonprofit organizations have two types of funds to choose from when establishing a Fund at The Community Foundation. An agency endowed or non-endowed fund at The Community Foundation San Luis Obispo County is an easy way for nonprofit organizations to establish a fund, eliminate administrative burden, and increase the ability to handle large and complex gifts. Both offer a reliable source of financial support for the organization with an endowed fund earning interest through pooled investments. Endowment funds are a permanent resource for your organization, producing a steady stream of income annually while being invested for the long-term.
A permanent endowment fund gives organizations the opportunity to create a fund that generates investment income, year after year, which can be drawn down in set annual payments to the organization or reinvested in the fund to grow over time. The permanence of an endowment fund is both appealing and reassuring to donors and nonprofit boards who seek the enduring value of a dedicated source of income to support the organization they love, today and forever.
Agency Non-endowed Fund (Pass-Through)
These funds give organizations the opportunity to save non-endowed dollars in a professionally managed fund that remains fully accessible. It’s a flexible and simple way for nonprofits to build funds for a project or future operational needs.