THE WELLS COUNTY FOUNDATION, INC.
Agency Endowment Funds are created for the benefit of charitable organizations or agencies that prefer to establish funds within the Foundation rather than manage their own funds. They are a practical and administratively efficient way for nonprofit groups to ensure sustained, future funding. Agency Endowment Funds allow a charitable organization to take advantage of the community foundation characteristics of permanence, of pooling funds for better investment return, and of reduced administrative costs. The organization thus places its endowment within the community foundation and each year receives income from the fund.
How will my organization benefit from an Agency Endowment Fund?
By establishing an Agency Endowment Fund at the Foundation, agencies create additional charitable giving opportunities for donors.
Lower Administrative Costs – As budgets shrink, nonprofits look for highly trained professionals to execute investment strategies at the lowest possible cost. The Foundation is uniquely qualified to provide outstanding service at a minimal fee.
Fund Security – Investment performance is monitored by a group of Foundation directors working with two investment advisors to ensure that endowment capital is invested with minimal risk. Prudent stewardship is the hallmark of the Foundation.
Return on Endowment Assets – The Foundation provides endowment management services for many funds. Accordingly, the capital available to invest is larger. Therefore, the returns earned on these assets are typically higher than those earned by nonprofit agencies administering funds with smaller asset bases.
Flexibility of Fund Instrument – Some nonprofit agency executives worry that placing agency endowment funds with a community foundation represents a loss of control. So long as the endowment’s purposes and no conditions are imposed that vary from the standard community foundations’ “charitable, educational or scientific purposes”, there is no danger of the agency losing control.
- Acres, Inc. Endowment Fund
- Agape Respite Care, Inc. Endowment Fund
- Bluffton Rotarian’s Endowment Fund
- Family Centered Services, Inc. Endowment Fund
- Indiana Lions For Leader Dog, Inc. Endowment Fund
- Norwell Dollars for Scholars Fund
- Wells Community Boys and Girls Club Endowment Fund
- Wells County 4-H Program Endowment Fund
- Wells County Public Library Endowment Fund
- Youth Philanthropy Endowment Fund
- YWCA of Fort Wayne, Inc. Agency Endowment Fund