Agency Funds

Safeguard your investment, while building a stable funding stream for the future.

Starting a fund within the GiveWell Community Foundation can provide advantageous services for nonprofits. More than 60 local nonprofits have established agency fund(s) with the Community Foundation.

What are the Benefits of an Agency Fund?

Sophisticated Professional Investment Management

Funds are professionally invested under the supervision of local, community-based financial experts who have experience in building and preserving funds in perpetuity. Agency funds are pooled with other assets of the GiveWell Community Foundation for fuller diversification, with each fund accruing its own share of the earnings. An agency fund relieves agency staff and board of  responsibility for accounting and management of its invested funds.

Strong Reputation for Fiscal Stewardship

Nonprofits with agency funds may enjoy the increased visibility provided by being a part of our larger giving community. Agency funds are featured on our website. An agency fund may enhance the organization’s fundraising prospects because some donors may prefer the relative long-term security of the GiveWell Community Foundation, particularly if they wish to ensure that their gifts are endowed forever.

High Quality, Cost-Efficient Administration and Stewardship Services

Staff processes timely, personalized gift acknowledgments. Fundholders also have access to our online Fundholder Portal that gives fundholders 24/7 access to their fund statements, account balances, and granting abilities.

Acceptance of Unusual Assets

Agency funds can receive the benefits of gifts that are highly advantageous to donors, but can sometimes be difficult for nonprofits to process. These include, but are not limited to, privately held stock, mutual fund shares and real estate.

Fees

GiveWell Community Foundation is a 501(c)3 public charity and charges a 0.5% administrative fee on Agency Funds, reviewed periodically by its Board of Directors, to cover the costs of its operations. This administrative fee is in addition to the relatively low-cost investment management fee that currently is 0.66%.

Planned Giving Services

The GiveWell Community Foundation serves as a partner by administering the gifts, providing information on marketing planned gifts, and by working with potential donors and their advisors to answer gift-planning inquiries.

Fundraising Advice and Counsel

While the Community Foundation is not able to serve as the fundraising arm of nonprofits with agency funds, our experienced staff is available to work with executive directors, board members, finance committees, and development staff to discuss fundraising strategies and techniques.

Permanently Endowed or Agency Advised Funds

Agencies can choose to endow funds permanently, with regular distributions as outlined in the fund agreement. Or, funds can be set up as agency advised, with the principal and income available for distribution as requested and within the parameters outlined in the fund agreement.

Minimum Balance

The minimum initial contribution for an agency fund is $10,000. The initial contribution can be made by a nonprofit and/or third party whose goal is to protect charitable dollars for the future of the organization’s work and mission.

Ready to Learn More?

We’re here to help you further your mission.

Call us at 863-683-3131

Terry Simmers

Terry Simmers

President/CEO
863-683-3131
tsimmers@givecf.org

Lori Martini

Lori Martini

Chief Philanthropic Officer
863-683-3131
lmartini@givecf.org