Agency Funds
Nonprofit organizations know the importance of taking a team approach to meeting their mission. That is why the Community Foundation offers agency funds as an opportunity to establish an endowment to support the needs of nonprofit organizations today and tomorrow.
Benefits of an Agency Fund
| Who Should Open an Agency Fund? |
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Nonprofit organizations with an IRS 501(c)(3) status can establish a nonprofit agency fund at the Community Foundation. We encourage organizations dedicated to fostering growth and stability to reach out to us about opening an agency fund.
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| Why Open an Agency Fund? |
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These funds are an excellent option for those aiming to increase investment efficiencies, maximize tax-wise giving strategies for their donors and accept a variety of gifts types. They are also ideal for organizations looking to grow their fund through donor estate planning strategies. Agency funds enable board members and volunteers to focus on the organization’s mission and endowment building while the Community Foundation focuses on the administration and investment of the endowment.
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| What is the Advantage of Working with the Community Foundation? |
Provide donors the confidence that their gifts will be invested to provide long-term support for your continued success, with the Community Foundation’s professionally invested portfolios. Donors’ gifts to your organization’s agency fund may have access to Endow Iowa Tax Credits, a 25% state tax credit available exclusively for gifts to qualified endowments held at Iowa community foundations.
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| How Can the Community Foundation Team Help? |
| Nonprofit organizations have access to our team of charitable giving experts to help your donors support your endowment through a variety of gifts including appreciated securities, real estate, business interests, personal tangible property, retirement plans, life insurance, agricultural assets and more. |
Learn more about Agency Funds
Financial Facts
- An agency fund can be established in any amount and with a variety of gift types.
- The ability to combine funds into professionally managed portfolios allows greater diversification of investments and access to investment vehicles that would not be possible for individual funds.
- Click here to view the Community Foundation's administrative fee schedule for agency funds.