900 Bestgate Road
Suite 400
Annapolis, MD 21401
410.280.1102
Nonprofit Agency Endowed Fund
A Nonprofit Agency Endowed Fund can be established at CFAAC with a minimum of $25,000. Your organization can add to the endowment at any time. The fund can be named after your organization, in honor of a major donor, or another name that reflects your organization’s mission.
Your organization’s endowment monies are safeguarded to meet the future needs of the organization. CFAAC will manage your fund, report to the IRS and the State of Maryland, prepare quarterly statements, and distribute income to your organization. The assets in the endowment continue to be recorded on your organization’s balance sheet even though they are legally held and managed by CFAAC.
Your organization will receive quarterly financial reports on the status of the endowment, including gifts, grants, fees, and investment returns. You will also have access to the online portal to review the status of your fund at any time.
What are the benefits of having an Endowment Fund with CFAAC?
- Ensures your long-term success, providing your donors with even more confidence in your organization.
- Alleviates the burden of investing and administrating your endowment. Your assets are invested to achieve long-term capital growth while a portion of your fund will be distributed annually to your organization for vital programs and operations.
- Offers your organization the ability to accept complex assets such as stocks, real estate, and mutual funds into your fund.
- Provides your organization with expertise in local philanthropy and a dedicated partner focused on helping you achieve your long-term goals.
- Expands your audience for contributions. CFAAC will help publicize the new Designated Fund this anniversary year, inviting the public to contribute.
If you’re interested in learning more about Nonprofit Endowment Funds at CFAAC, contact John Rodenhausen, our Director of Gift Planning, at john@cfaac.org or 410.280.1102, ext.103.