One of the most innovative yet certain ways a nonprofit can support its good work is to create an Agency Fund at the Wichita Community Foundation. Here, your organization can choose between an endowed fund, or a non-endowed fund.

To understand the difference in these two options, think of endowed funds as “forever.” They are funds that are invested on your behalf, and continue to earn interest that is distributed to you without touching the original contribution.

Non-endowed funds can be used when and how you see fit. But until you need them, they remain safe and secure under the Foundation’s watchful management.

Understanding Endowment Funds
Let’s say, for example, that a donor offers your organization an endowed gift of $10,000. His or her intent is that the organization will invest the donation rather than spend it. The assets of your fund will be combined with the Foundation's total assets to give your organization the benefits of a diverse investment pool and low investment fees that typically come only from very large funds. Every year, you’ll receive a grant from the earnings of your endowed fund. Those yearly earnings are yours to use as your nonprofit sees fit. The initial endowment gift is preserved to benefit your organizatin's needs in future years. The Foundation staff manages all related administrative responsibilities.

Many successful local nonprofits have established Agency Endowments with the Wichita Community Foundation. For them, it gives their donors a safe and accepted way to build a permanent funding sources for their favorite charitable organization. The Foundation can handle the most complex planned gifts, including appreciated stock, real estate, or bequests that donors may designate for your fund.  Click here to set up a fund.