There are two types of Philanthropy Central Funds:
Agency Endowment: agency establishes fund with their money
Donor Designated: donor establishes fund for the benefit of the agency
Endowment funds are most successful and yield the most investment potential the larger they are. By pooling your funds with the Foundation’s endowment you will enjoy the benefits of a diverse investment portfolio and low investment fees that typically come only with very large funds.
Why establish an endowed fund at the Foundation?
- It provides long-term support for your nonprofit organization
- It’s a simple and efficient way to build an endowment
- It helps create sustainability
- The Foundation handles the investment management and administrative responsibilities allowing your staff and volunteers to concentrate on fulfilling your mission
The endowment fund’s principal will not be touched and can grow over time, providing a source of lasting support.
Donors can leave a bequest through the Foundation to benefit your organization forever and create a personal legacy. The Foundation can facilitate even the most complex planned gifts or gifts of appreciated stock or real estate.
A Philanthropy Central Fund may be established with a minimum $25,000 contribution that can be grown over 2 years. Once the minimum contribution is reached, donors can continue any amount to the fund at anytime, receiving tax benefits with each new gift.