Using The Greater Kanawha Valley Foundation
Board members of non-profit organizations realize the need to establish stable, predictable sources of income. Just when an organization is needed most by the community, the competition for funds from private, philanthropic and government resources is stronger than ever before. Many organizations are now considering a “funding mix” which will provide financial stability for the future.
An organization endowment fund at The Greater Kanawha Valley Foundation can act as an income stabilizer. Like personal savings, a permanent fund for an organization can provide a reliable source of additional income each year. This permanent pool of assets generates income and grows over time.
The Greater Kanawha Valley Foundation can help in establishing and growing an organization’s endowment. Classified for tax purposes as public charities, community foundations exist to manage permanent funds given by donors for the benefit of a specific charitable cause or for the general welfare of the community. A community foundation is often described as a pool of endowed assets.
The Greater Kanawha Valley Foundation can do many things – one is to hold and manage an organization’s endowment Fund. In doing so, the Foundation offers the following advantages:
Things You Should Consider:
All in all, The Greater Kanawha Valley Foundation is an excellent vehicle for developing an organization’s endowment with maximum advantage. Below are a few important items to consider regarding an organization endowment:
In other words, the organization receives the income benefits on all gifts to its endowment fund, but does not manage the fund itself.