
Giving that Creates Meaningful Impact
Nonprofit Endowments
Agency endowment funds are permanent investments that we manage on behalf of your organization. The distribution of funds is made from the earnings without touching the original contribution or principal.
Agency endowment funds safeguard your original investment while building a stable funding stream for the future.
Agency Endowment Funds
- Protect your organization’s endowed monies for future needs.
- Provide annual income based on GTCF’s spending policy.
- Demonstrate to your donors a commitment to long-range financial planning.
- Increase investment yield, as your endowment is pooled with our other funds to provide maximum return and lower fees.
- Our experienced staff can help you develop planned giving programs and assist with investment management and administrative details.
How It Works
- A fund may be established with a minimum gift of $10,000 and you can add to it any time.
- Our staff helps you complete a fund agreement.
- We set up a fund in the name of your nonprofit.
- Your nonprofit has 24/7 online access to financial statements.
- Earnings are distributed to your organization annually as grants, supporting your programs forever.
- Agency funds become assets of GTCF. As a permanent fund of GTCF, we eliminate the need for individual nonprofits to create an investment policy and monitor investments, as we handle all administrative details including investment management.
Five Steps to Opening an Agency Endowment Fund
- Talk to our staff. We’re happy to discuss the pros and cons of creating an endowment fund with your executive director or chief financial officer before you involve your board in the process. Contact Robin Callahan at 253.345.4186 or by email at rcallahan@gtcf.org to set up a meeting.
- Engage your board. If you decide to move forward, you’ll probably first talk to the board committee that handles your finances. We’re happy to work with you to prepare an objective case comparing the advantages and drawbacks of your current program versus an endowment fund with Greater Tacoma Community Foundation.
- Complete the paperwork. Our fund agreement is all you need to get started. Most people have questions about variance power and the irrevocability of gifts made to GTCF. Please contact us with any questions you may have.
- Tell us about your goals. We’re here to help your organization achieve its mission in the long run. If you want to market this new endowment fund to your current or prospective donors, or to others in the community, we can provide assistance. We often help nonprofits structure their donors’ major and planned gifts to build their endowment funds.
- Let us handle the administrative details. Once your fund is established, we handle all investment management and investment oversight activities. It is our job to invest the funds, conduct quarterly reviews of their performance against benchmarks (via our Investment Committee), and consider changes where performance is lagging.
To get started or discuss any questions, please contact Robin Callahan at 253.345.4186.
Nonprofit Organizations with Endowments at GTCF
American Association of University Women, Tacoma Branch
Associated Ministries of Tacoma-Pierce County
Bethel School District
Chinese Reconciliation Project Foundation
Greater Lakes Mental Health Foundation
Key Peninsula Center Association
Pierce County Housing Authority
Pierce County Library Foundation
Point Defiance Zoological Society
R. Merle Palmer Minority Scholarship Foundation
Steilacoom Historical Museum Association
Sumner-Bonney Lake Educational Foundation
Tacoma Area Coalition of Individuals with Disabilities (TACID)