The Community Foundation is an expert in managing charitable funds just as nonprofits are experts in their mission. Nonprofit funds benefit a predetermined nonprofit and provide ongoing financial support. They can be established by a nonprofit to support their own mission or a donor who wishes to establish a fund to provide long-term sustainable support to a nonprofit. Nonprofit funds provide income streams to support nonprofits’ programs and operations. The Community Foundation holds and invests the assets, providing responsible and professional fund management and administrative support, allowing the nonprofit to focus on their mission.
Types of Nonprofit Funds
Donor Designated Fund
Designated Funds are established by a donor to support one or more charitable organizations.
Contact Colleen Hill, VP of Development & Donor Services to learn more.
Nonprofit Reserve Fund
Reserve Funds are established by a nonprofit with its own assets to provide long-term support.
Nonprofit Endowment Fund
Nonprofit Endowment Funds are established by a nonprofit to allow third party donors an opportunity to provide permanent support.
Nonprofit Endowment Fund
Nonprofit Endowment Funds are established by a nonprofit to allow third party donors an opportunity to provide permanent support.
Nonprofit Reserve Fund
Reserve Funds are established by a nonprofit with its own assets to provide long-term support.
Donor Designated Fund
Designated Funds are established by a donor to support one or more charitable organizations.
Contact Colleen Hill, VP of Development & Donor Services to learn more.
“The Foundation stewards the assets in our nonprofit funds well. They are a critical partner of ours, and of so many of our peer nonprofit organizations, in our shared commitment to a fully thriving community for all."
- community action house
Why Create a Nonprofit Fund with CFHZ?
Annual distributions of earnings that you can take by check, defer to a subsequent year, or invest in your nonprofit fund’s endowment.
Fund management services – We invest the endowment so you, your staff and board can focus on your mission and endowment building. We also manage the operational details—including gift acceptance and tax receipting, accounting, and reporting.
Acceptance of unusual assets – We relieve you of handling more complex gifts involving privately held stock, mutual fund shares, and real estate, making it easy on both you and your donors.
Planned giving and endowment fundraising support – While the Community Foundation does not serve as your fundraiser, our experienced staff are available to consult with you, your board and its committees, and donor prospects about planned giving and endowment strategies and techniques.
Enhanced donor confidence – By entrusting your endowment to the Community Foundation’s Investment Committee and its professional investment advisor, you demonstrate that you take your organization’s future, its asset management, and endowment building seriously. You also align with a trusted community partner.
Start a Conversation About Establishing a Nonprofit Fund With CFHZ.
For questions about how you can start a nonprofit fund, contact Colleen Hill, VP of Development and Donor Services