Nonprofit Agency Endowments
Public charities throughout Riley County can turn to the Greater Manhattan Community Foundation for many services. There are many advantages to working with us, due to the scope of resources and expertise we offer.
The Importance of Endowment
Endowment funds provide a source of ongoing annual financial support to address charitable causes. This source of funding can be invaluable in uncertain economic times when other support may no longer be available. During stronger economic periods, an endowment can provide funding to expand support and act as seed money for the development of new programs and services.
What is an Endowment?
An endowment is a pool of assets - a portion of which is made available for charitable purposes annually in January. The remaining assets and investment returns are retained in the endowment to provide for growth of the endowment over time. An increasing amount of support will be available from the endowment over time as it grows.
Why Build Endowment with the Community Foundation?
It's our mission! The Community Foundation exists to create a permanent source of community capital benefiting the residents of Riley County in perpetuity. Nonprofit agencies that build endowments with us benefit from distinct advantages:
How Endowment Increases Donor Satisfaction
Donors want to see their contributions benefit your nonprofit and grow over time. The Community Foundation helps you and your donors by:
Ongoing Administrative Services Detail
The Community Foundation is responsible for the administration of the endowment - which frees the nonprofit agency from the costs and hassles of gift processing, investment and other record keeping. Here's how it works:
If you are interested in learning more about the services the Greater Manhattan Community Foundation can offer to your organization, call us at 785.587.8995.
Agency Endowment Partners
Many nonprofits in the Manhattan area are putting the power of a Community Foundation endowment to work for their futures. Please find a list of our current Agency Endowment partners by clicking here.
Annual GROW Green Match Day, always held on Earth Day. On this day, all gifts made to participating nonprofit endowments receive a 50% match, which can be used at the agencies discretion. Click here for more information about GROW Green Match Day.
The endowment pool is managed with a long-term perspective where principal is preserved and enhanced over time. Total return, consistent with prudent investment management, is the primary goal.
Nonprofits place their endowment funds with the Community Foundation for a variety of reasons, including investment expertise, efficiency, and access to planned giving advice and services. As is always the case, each nonprofit entity should consult with its own auditors in determining the best solution for its needs.
Managing Your Fund
The Greater Manhattan Community Foundation provides an online service for nonprofit agency partners. They can view fund balances as well as grant and gift transactions, with information updated daily. Click here to log in to Donor Central.
Creating a Fund
How To Get Started
Any 501(c)(3) public charity can establish an endowment fund at the Greater Manhattan Community Foundation in two simple steps:
That's it! Your endowment is ready to receive additional contributions at any time, and in any amount.
For more information and to learn more about how your nonprofit agency can benefit from the support offered by the Greater Manhattan Community Foundation, please contact:
Copyright © 2008-2017 Greater Manhattan Community Foundation
The Greater Manhattan Community Foundation is a non-profit 501(c) (3) organization — EIN #48-1215574, incorporated in the State of Kansas.
Konza Prairie photographs provided by Jill Haukos, Director of Education, Konza Prairie Biological Station