What is an Agency Fund? This fund is established by a charitable organization to provide a vehicle for donors to create endowments for long-term support of the agency. It allows the organization to focus on its mission rather than spend time identifying and supervising investment managers. The fund also helps charitable organizations with gift planning and building of endowments to ensure their long-term sustainability.
- The charitable organization establishes the fund.
- The charitable organization and its donors make contributions to the fund.
- Grants are made to the charitable organization and are used based on need.
- This type of fund gives donors peace of mind that they are contributing to a restricted gift managed by a neutral third party (The Foundation).