More than 35 Greater Lowell/Merrimack Valley Non Profit Agencies have established funds at the GLCF with assets donated to them, raised specifically for the Endowment or accumulated over time. Starting a fund at the GLCF provides services that many nonprofits may find advantageous:
Professional Investment Management
Funds are professionally invested by local, community-based financial experts who have experience in building and preserving funds in perpetuity. Agency funds are pooled with other assets of the GLCF for 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.
GLCF's Strong Reputation for Fiscal Stewardship
Nonprofit Agency Funds at the GLCF may enjoy the increased visibility provided by being a part of our larger giving community. Agency Funds are listed in the GLCF's Annual Report which receives widespread circulation. An agency fund may enhance a charity's fundraising prospects because some donors may wish to support charity, but prefer the relative long-term security of the local community foundation, particularly if they wish to insure that their gifts are endowed in perpetuity.
Cost-Efficient Administration and Stewardship Services
GLCF staff processes timely, personalized gift acknowledgements and statements of fund activity.
Acceptance of diverse assets such as privately held stock, mutual fund shares, and real estate
The GLCF can receive the benefits of gifts that are highly advantageous to donors, but difficult for charities to process.
Planned Giving Services
The GLCF administers charitable gift annuities, charitable remainder trusts, and lead trusts which direct gifts to endowed agency funds. This service is a way for agencies to avoid the costs and liabilities of offering their own planned giving program. The GLCF serves as a partner by administering the gifts, providing advice on marketing planned gifts, and by working with potential donors and their advisors to answer technical gift planning inquiries.
Fundraising advice and counsel
While the GLCF is not able to serve as the fundraising arm of those charities with Agency Funds, our experienced development staff is available to meet or consult with agency directors, board members, finance committees, development committees, and even donor prospects to discuss fundraising strategies and techniques.
CONTACT US to discuss starting an Agency Fund.