Frequently, an organization’s board of directors is at a loss when it comes to growing an endowment, structuring and accepting gifts of real estate and other hard-to-value assets, and following best practices for establishing and following an investment policy. Happily, by establishing a fund at the Winona Community foundation, the Foundation can step in as your behind-the-scenes back office, giving your board and staff more time to focus on your programs and donors.
An endowment or agency fund at the Winona Community Foundation is a powerful tool to help secure your organization’s financial future for generations to come. If your organization has already established an endowment or agency fund at the community foundation, you are well aware of the benefits. Indeed:
- Nonprofit organizations frequently establish funds at the community foundation to set aside reserves or rainy day funds.
- The team at the Winona Community Foundation is adept at navigating the specific accounting standards that are unique to this type of arrangement.
- The Winona Community Foundation can help establish investment policies and gift acceptance policies, making it easier for you to engage in fundraising discussions.
As always, we are here to help. Our tools and services make it easier for you to grow your reserve funds and endowments. We look forward to continuing to work together.
