Nonprofit groups may create "Agency Endowment Funds" under the umbrella of the HCCEF. Agency Endowment Funds assure the agencies of a permanent source of steady income to stabilize and strengthen programs.
No matter the size, your endowment will benefit by being part of HCCEF’s investment pool.
- Highly diversified
- Governed by the HCCEF’s Board of Directors and Investment Committee
- Protected by HCCEF’s Investment Policy
- Managed with professional consultation
- You will not require an Investment Committee to oversee your investments.
- Leaves more board time for mission-related activities
- Removes a significant level of organizational stress
- All administration of your fund will be handled by the HCCEF.
You will receive:
- Quarterly statements
- An annual payout with the option to re-invest
- Access to all information related to the management of your fund
- Agencies can still book the asset in their audit
- Agencies have the ability to restrict portions for specific purposes
- If a donor makes an endowment gift to benefit a certain program or function, HCCEF can continually identify the gift balance and its intent
- Should the agency want several funds for different purposes, HCCEF can keep the balances separate and distribute accordingly
- Your agency will be listed in our annual report & will have a direct link on our website.
- One more tool in your marketing toolbox.
Administrative and Investment Fee: 1% annually of the fund balance