Agency Funds protect capital for the future of the benefiting organization and provide rewards of broader investment management and detailed accounting records. Individuals and corporations are invited to establish or add to these endowments.
There are many benefits to establishing an Agency Fund. By partnering with the Community Foundation, nonprofit agencies can focus on doing the work they do best — positively impacting children and families, the arts and education, animals and the environment, and our community at large. When you’re ready to grow your agency’s endowment, it’s time to focus your valuable staff and board resources on marketing and solicitation efforts rather than on investment management and technical planned giving responsibilities.
- The Community Foundation adds value to agency endowment programs by offering an investment program that small and midsized nonprofits simply cannot afford to duplicate without at least several million dollars in assets.
- Designing an investment policy, selecting an Investment Committee, and performing an extensive, thoughtful investment advisor search can be a major distraction for any agency. Many agencies get sidetracked with these duties and spend little time actually promoting and soliciting endowment gifts.
- Our staff provides hands-on assistance, allowing you to outsource your planned giving duties to our organization. We can confidently handle gifts involving complex assets, gift annuities, and trust arrangements.
- We have access through the Greater Kansas City Community Foundation to an experienced CPA on staff and have all our funds input into state-of-the-art accounting software designed specifically for the fund accounting needs of a community foundation. Your agency will receive a monthly fund statement showing investment performance, new gifts, distributions, and the amount available for distribution.
- Agencies that have endowment funds with the Community Foundation benefit from the exposure to our family of donors and fund advisors. We share your story with our local philanthropic community and encourage them to support your agency’s vision.
Your fund can be set up in one of two ways:
- Permanent Endowment – The fund’s principal is invested in perpetuity and only earnings are distributed for grants.
- Non-endowed Growth Fund – The fund is invested for capital appreciation, but allows distribution of principal.
Current Agency Funds at PACF
Parsons Educational Foundation
Labette Community College Foundation Funds