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Nonprofit groups may create "Agency Endowment Funds" under the umbrella of the CFGD. Agency Endowment Funds assure the agencies of a permanent source of steady income to stabilize and strengthen programs.
No matter the size, your endowment will benefit by being part of CFGD’s investment pool which is:
- Highly diversified
- Governed by the our Board of Directors and Investment Committee
- Protected by our Investment Policy
- Managed with professional consultation
Your board will not require an Investment Committee to oversee your investments.
- Leaves more board time for mission related activities
- Removes a significant level of organizational stress
All administration of your fund will be handled by the CFGD. You will receive:
- Quarterly statements
- An annual payout with the option to re-invest
- Access to all information related to the management of your fund
At the CFGD agency endowments are booked both as an asset and a liability.
- Agencies can still book the asset in their audit
- Agencies have the ability to restrict portions for specific purposes
- If a donor makes an endowment gift to benefit a certain program or
function, the CFGD can continually dentify the gift
balance and its intent
- Should the agency want several funds for different purposes, the
CFGD can keep the balances separate and
distribute accordingly
Your agency will be listed in our annual report & will have a direct link on our website:
- One more tool in your marketing toolbox
Administrative and Investment Fee:
1.35% annually of the fund balance
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