By choosing to work with the Jewish Community Foundation, you are helping to build a healthy and vital organization, while gaining access to the Foundation's endowment and investment expertise.
Here are some of the benefits of establishing an agency fund at the Jewish Community Foundation:
- Investment Management
Because our investment dollars are pooled, we have access to opportunities and expertise not available to smaller investors. We work with Colonial Consulting, a New York-based investment consultant that serves 94 clients, including 27 community foundations.
- Fund Management Services
We provide administrative services, including accounting and record keeping. We can also manage various types of gifts to the fund, including appreciated securities, real estate, closely-held stock, insurance policies and bequests.
- Planned Giving
Our comprehensive planned giving program features charitable gift annuities, charitable remainder trusts, and charitable lead trusts.
- Increased Donor Confidence
Having a fund at the Foundation gives your organization an affiliation with a respected community foundation and is a cost effective and practical way to manage and build your long-term charitable funds. Our history and mission can help reassure your donors and local agencies that their assets will be carefully stewarded. In addition, by partnering with the Foundationm, you will be telling your constituents that you are building for the future and intend to serve the community for many years to come.
Nonprofit organizations establish agency endowment funds at the Jewish Community Foundation to grow charitable assets to meet their current and future needs.
The Jewish Community Foundation encourages area nonprofit organizations to consider building endowments as part of their long range planning. Endowment funds provide a steady source of revenue to support their charitable mission and programs. Agency endowment funds are well suited to assure donors that the organization’s endowment will not be invaded for current uses and to honor a donor’s specific restriction on the charitable use of an endowment gift or bequest.
To start, a nonprofit organization transfers assets to the Foundation to create a permanent endowment fund. The Foundation manages the investment of the assets, administrative records and distributions, and may accepts gifts from donors to your organization’s agency endowment fund. An annual payout consistent with our spending policy is made to the organization each year.
An agency endowment fund can be started with a contribution of $25,000 or more. An agency endowment fund can also provide peace of mind for the organization's leadership. Regardless of changes in your staff or Board of Directors, your endowment's purpose and healthy growth will not be affected.
We are pleased to make available Donor Connect, an online tool for viewing your organization’s fund activity. The information is updated quarterly. Donor Connect is secure, fast, easy to use and available 24 hours a day.
Should you need current information or have any questions, please call the Foundation at 860.523.7460.