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Permanent Funding

While competitive grants may be crucial to your organization’s operations, they are likely your least reliable source of revenue.

 

An agency endowment fund can generate a predictable stream of income for your mission while the rest of your investment grows in perpetuity – so you can do good forever.

There are many advantages to having an endowment fund at Akron Community Foundation:

 

Gifts to your endowment fund are above board. Once they enter the fund, they can never be liquidated, ensuring your purpose and mission outlast any potential organizational volatility.
Our investment strategy aims for superior long-term returns with minimal risk. We take our responsibility of preserving the endowment for future generations seriously, and our Finance and Investment Committee is committed to maintaining a diverse, balanced portfolio managed by trusted advisors.
Akron Community Foundation can accept gifts to your fund of privately held stock, mutual funds and real estate, which may be difficult to process for some charities. We process gifts quickly and systematically, so you and your donors can capitalize on upswings in the market. See all the ways your donors can give.
Once the community foundation receives a gift to your fund, we process and acknowledge that gift immediately, usually within 24 hours. We reconcile your fund monthly and mail quarterly financial statements to the fund representative of your choice. 
An endowment fund costs nothing to start. A $5,000 minimum gift establishes the fund, and your donors can add to it at any time. The community foundation will deduct a quarterly 1.25 percent administrative fee and a nominal .75 percent investment fee based on your fund’s average monthly balance fiscal year to date, which runs April 1 to March 31. Find out what the fee covers.
When your endowment fund grows, we all benefit. Our development and donor services staff is ready to offer you creative ideas for growing your fund. They can also meet with your staff to help determine how your endowment fund fits into your overall fundraising plan.

More than 70 local nonprofits have entrusted their endowment funds to Akron Community Foundation. Start yours today. Or, learn more by contacting Margaret Medzie, vice president of development and donor engagement, or Laura Fink, director of development.

Grants are Temporary, a Fund is Forever

By opening a fund now, you can create a permanent – and growing – source of income for your nonprofit organization. See how it works.

Can We Help You?

Margaret Medzie
Vice President, Development & Donor Engagement
330-436-5610
Email

Laura Fink
Director of Development
330-436-5611
Email