What is a nonprofit fund?
More than 130 nonprofits in Western North Carolina have chosen to secure all or part of their endowment with The Community Foundation. Nonprofit assets under management account for more than 20 percent of CFWNC's total funds. An initial gift of $25,000 can establish a nonprofit fund that provides annual support to a nonprofit and allows the principal to grow in perpetuity.
CFWNC helps regional nonprofits by offering expertise in administration and investment management. Nonprofit fundholders complement their development efforts with CFWNC's full range of charitable products including gift annuities and remainder trusts. CFWNC staff is available to help negotiate complex gifts and offer solutions.
Placing endowment funds at The Community Foundation ensures the long-term stewardship and objective fiscal management of a nonprofit’s funds and frees nonprofit staff from the burdens of endowment management and reporting.
Endowment services include:
- Reinvestment or distribution of fund earnings
- Tax reporting and documentation
- Annual audit of all funds
- Quarterly fund statements and online access to fund information
- Workshops on endowment asset development
- Planned giving assistance and technical resources
CFWNC manages more than 190 funds for 130 nonprofits across the region.
Review our brochure on the foundation's work with Nonprofits.
Watch the video on the foundation's work with Southern Appalachian Highlands Conservancy.
Placing endowment funds at The Community Foundation ensures the long-term stewardship and objective fiscal management of a nonprofit’s funds.