Permanent organization endowment funds are established from a gift of a donor or donors or by an irrevocable transfer of assets from an organization to establish a permanent component fund of The Community Foundation for the benefit of an organization. Grants are then made to the named organization.
If established by an irrevocable transfer from an organization, the transfer must be accompanied by a resolution of the organization’s Board of Directors approving the establishment of the fund. Fund minimum: $10,000. The organization will benefit from The Community Foundation's investment stewardship and endowment management experience. Because The Community Foundation handles the details, the nonprofit organization's staff is freed up to focus on its mission. And, The Community Foundation can facilitate even the most complex forms of giving, such as planned gifts or gifts of appreciated stock or real estate.
How it Works
- An organization or an individual donor identifies an organization to benefit from an endowed fund.
- A gift is made to establish the Fund - donors can give cash, appreciated stocks, real estate, or other assets.
- Donors receive tax benefits in the year your gift is made.
- Grants are made annually to the designated nonprofit organization.
To find out more about starting a permanent organization endowment fund, please contact The Community Foundation for Greater New Haven at 203-777-2386.