Consolidated investment management provides
a better return with lower administrative costs through
economies of scale. You increase your income with
fewer hassles.
Our trusted, experienced management team
inspires confidence with potential donors. You save
time and money by not hiring an endowment specialist.
Donors receive assurance that their money
will be managed in perpetuity even if your agency
ceases to exist. You may gain new donors NOW.
Access to donors who structure all their
gifting through one resource at The Community Foundation
and who can name your agency as a partial beneficiary
of their philanthropy. You may get new prospects.
Access to pro bono professional advisors,
attorneys and accountants who have special expertise
on recommendations for structuring charitable gifts
for prospective donors as well as for the agency staff
and board. You don't have to find or hire these experts.
Access to the legal staff of the Council
on Foundations, of which The Community Foundation
is a member, for assistance in structuring complex
gifts such as property or other lifetime gifts which
require special consideration and current updates
on new tax implications for charitable gifts. You
don't have to hire legal assistance.
Exemption for the agency from filing a
tax return or reporting on this fund since the fund's
financial transactions are consolidated with those
of other funds on The
Community Foundation's Form 990.
Fiduciary oversight of the management
and reporting for the endowment provided by the Board
of Trustees of The Community Foundation working
in conjunction with its Investment
Committee. The Board's Conflict
of Interest Policy assures that investment decisions
are made which are in the best interests of the agency.
Speed and convenience for donors. This
can be especially important for year-end contributions
and situations when stock or real estate is in the
process of being sold and time is of the essence.
Regular reporting to your agency and staff
of fund performance. You don't have to write reports.
Low fee: 115 basis points annually, or
1.15% of the fund market value, plus investment advisor
charges of less than 40 basis points ( < 0.4%).
We compute and assess this fee quarterly. The fee
is deducted from the fund earnings.
