Nonprofit Endowment & Investment Funds

These funds are set up by nonprofit organizations as “quasi” or “board-designated” endowments, allowing local organizations to invest for the future or save for a particular program or capital project, and ensure its charitable resources are well-managed while still maintaining control over the fund with access to its principal and income.

These are set up by donors to benefit a specific nonprofit, or by the organization itself. Designated funds are permanently endowed and provide an annual stream of income to a nonprofit—year after year—in support of its mission, while protecting the fund’s principal and helping it continue to grow over time. They can also be restricted to a specific purpose within a nonprofit, such as for a particular service, program, or need.

Each year, the Foundation distributes between 4% and 5% of the Fund’s average balance (based on a 12-quarter rolling average), following our spending policy. This option is ideal for nonprofits and donors who want to protect the principal of their investment while creating a stable, long-term source of funding.