Nonprofit Agency Funds

Get help establishing a dependable stream of revenue.

When you establish an agency fund with us your nonprofit receives a return on its cash reserves, while creating a permanent stream of revenue for your agency.

Two Fund Options

  • Non-endowed funds (called agency flex funds) can be used when and how you see fit. They remain secure, under our stewardship, until you need them.
  • Agency endowment funds are permanent investments, which we manage on behalf of your organization. The distribution of funds are made from the earnings, without touching the original contribution—or principal.
Community Foundation Santa Cruz County can help nonprofits set up agency funds
The Community Foundation helped us.

Agency endowment funds safeguard your original investment, while building a stable funding stream for the future.

Agency Endowment Funds

  • Protect your organization’s endowed monies for future needs.
  • Provide annual income, depending on market performance.
  • Demonstrate to your donors a commitment to long-range financial planning.
  • Provide a way for donors to give complex gifts such as stocks, life insurance or property.
  • Increase investment yield, as your endowment is pooled with our other funds to provide maximum return and lower fees.

How it works

  • Your board determines how much to invest.
  • Funds established with a minimum gift of $25,000.
  • Our staff helps you complete a fund agreement.
  • We set up a fund in the name of your nonprofit.
  • The fund remains as an asset on your nonprofit's books.
  • Your nonprofit has 24/7 online access to financial statements.
  • Your nonprofit can add to the fund at any time.
  • We handle al administrative details including investment management.
  • Earnings are distributed to your organization annually as grants, supporting your programs forever.
  • Sample agency endowment fund agreement [PDF 125 KB].

Agency Endowment Funds at the Community Foundation

California Grey Bears have an agency flex fund at Community Foundation Santa Cruz County
"Our agency flex fund allows us to build for the future or meet current needs as we need to,” said Grey Bear’s Executive Director Tim Bratton.

An agency flex fund is non-endowed, meaning both the principal and the earnings are available for use anytime. This makes it ideal for operating or building capital reserves.

Agency Flex Funds

  • Allow full access to the balance of the original gift and all future earnings.
  • Provide investment expertise and secure returns.
  • Provide a way to accumulate funds for a capital campaign.
  • Provide a way for donors to give complex gifts such as stocks, life insurance or property.
  • Increase investment yield as your agency funds are pooled with ours to provide maximum return and lower fees.

How it works

  • Your board determines how much to invest.
  • Funds established with a minimum gift of $25,000.
  • Our staff helps you complete a fund agreement.
  • A fund is set up in the name of your nonprofit.
  • The fund remains as an asset on your nonprofit’s books.
  • Your nonprofit has 24/7 online access to financial statements.
  • You and your donors can add to the fund at any time.
  • We handle all administrative details including expert investment management.
  • Your nonprofit may advise grants from the fund in any amount, at any time, to itself or other nonprofits.
  • You can direct us to treat the fund as an endowment, subject to the Foundation’s spending policy and still retain complete access to all the funds.
  • Sample agency flex fund agreement [PDF 125 KB]

Agency Flex Funds at the Community Foundation