|
|
||||||||||||||||||||
 |
|
||||||||||||||||||||
| Donor
Services |
|||||||||||||||||||||
Endowments & Funds Building an endowment is an increasingly common goal among charities of all sizes. From advocacy groups to United Way, the number of agencies nationwide with endowments has doubled in the past four years. Experts predict that the coming $8 to $10 trillion intergenerational transfer of wealth will result in significant planned gifts to agency endowments. Donors recognize that establishing an endowment marks a point of fiscal maturity in an agency, indicating that it is thinking strategically about its future and about its role in the community. An endowment fund at Community Foundation of Northern Illinois can put an agency on stronger financial footing by providing assured income today, tomorrow, and always. Establishing an endowment at the Foundation is not only a strategic response to the changing fund raising environment, but also offers the following benefits: Financial Expertise - Assets under management of the Commmunity Foundation of Northern Illinois total 42 million dollars for the charitable interests of individuals, families, businesses, and not-for-profit agencies in our region. Sound Investment Policy - Our investment objective is to maximize total return and minimize risk. Investment portfolios include individual securities and mutual funds selected and managed according to "prudent investor" rules. Proven Performance - Since our portfolio is diversified across asset classes (large cap, small cap, international, and fixed income) and management styles (value/growth), market risk is comparatively low, resulting in a portfolio that has consistently performed well under changing economic conditions. Benefits of Commingled Funds - Agency endowments benefit significantly from the much larger pool of investment assets. The larger pool and lower investment fees ensure the greatest possible growth and income for each agency's endowment fund. Permanence - Agency assets invested with the Foundation are held forever. Should unforeseen situations arise, agency funds permanently held by the Foundation are protected from creditors, and regular payouts will support an agency's mission in perpetuity. In this way, an endowment assists with long-term planning and guarantees that donors' wishes will always be honored. Cost savings - We offer low initial set-up fees and handle all reporting and filing requirements. With the Foundation providing administrative oversight and investment management, nonprofit agencies can focus on long-term goals. Credibility - The Community Foundation of Northern Illinois has been a leader, grantmaker, convener, collaborator, and community resource for nearly 50 years. Our development has been supported by grants from Ford Foundation, Charles Stewart Mott Foundation, MacArthur Foundation, and Gannett Foundation, representing a strong endorsement of the Rockford Community Foundation's capacity. Marketing Advantages - When an agency places an endowment with us, its marketing effectiveness is multiplied. Our family of funds includes those established by individual donors who share a concern for our community's charitable needs. Through our newsletter, special events, and other activities we share information about needs with donors, complementing an agency's development efforts. Regionalism - Partnering with the Foundation offers the value of a regional perspective. Because we serve a four-county area, we can identify partnerships, collaborations, or other linkages that may be particularly helpful to your agency. Funds An
endowment fund at Community Foundation makes sense in
today's changing fund raising environment. When an organization
- large or small - depends upon annual contributions,
it is very hard to create and sustain the quality services
that our community needs and deserves. Establishing or
adding to an endowment fund at CFNIL today ensures that
our nonprofit sector will be strong tomorrow. General
Community Funds | "Named Funds of Community Needs
| Scholarship Funds | Field of Interest Funds
|
|||||||||||||||||||||
|
|||||||||||||||||||||
