It is a long term fund held and managed by The Community Foundation on behalf of a nonprofit organization. The nonprofit organization receives annual distributions for unrestricted use. The fund is technically owned by The Community Foundation on behalf of your agency.

The Board of Trustees of The Community Foundation working in conjunction with its Investment Committee. This team of prominent community leaders includes a bank president, CPAs and investment brokers who work closely with Piper Jaffray, a financial management company.

Our fund performance has varied considerably since our inception, but our returns have been consistently above 10 percent. We encourage you to consider a 5 percent annual payout, with the balance reinvested in principal. Of course, past performance is no guarantee of future results, and you can stipulate your required pay out amount in your agency agreement. The Community Foundation maintains a balanced portfolio comprised of domestic and international stock, bonds, notes, t-bills and money market holdings.

1.15% annually, based on the market value of the fund, 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.

• Consolidated investment management provides a better return with lower administrative costs through economies of scale. The Community Foundation's Board of Trustees has fiduciary oversight and handles all administrative reporting.
• 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.
• Agencies receive exemption 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. We provide quarterly reporting to your agency and staff of investment fund performance.
• Agencies receive 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.
• The Community Foundation has access to the legal staff of the Council on Foundations (of which The Community Foundation is a member) and our own legal committee for assistance in structuring complex gifts such as property, and current updates on new tax implications for charitable gifts.
• Donors receive assurance that their money will be managed in perpetuity, which is helpful with new or relatively small agencies without established track records.
  
  

The Community Foundation Serving Boulder County owns your funds on your behalf as a designated agency endowment. The Community Foundation holds, manages, invests and reinvests the assets of the fund which are co-mingled with the assets of other funds. The separate identity of each fund is maintained. Your organization may request that distributions of principal be made from the fund and The Community Foundation Board of Trustees will give good faith consideration to those requests. The Community Foundation presently holds agency endowments from a wide range of nonprofit organizations which have fund assets ranging up to six figures.

Contact The Community Foundation's President, Josie Heath, at 303-442-0436 (toll free: 1-877-744-7239). We'll walk you through the basic steps. References from nonprofit endowments we hold are available.