Organization Endowments

The Central Susquehanna Community Foundation provides nonprofit organizations the opportunity to place their Organization Endowment Fund at the Foundation. Again in 2006, the foundation is offering a matching grant program for new organization endowments. The foundation will provide a 1:1 match for your endowment funds up to a maximum of $50,000 if you agree to place the fund with us.

Starting your organization’s endowment or placing your current endowment at the Foundation can be a simple, flexible and efficient way to achieve your endowment goals. By pooling your endowment fund with the Foundation’s other assets, you gain many advantages in terms of investment expertise.

One other benefit to placing your endowment funds at the Foundation is that it reassures donors that the funds earmarked for endowment purposes will be used for such and not be invaded when the first crisis arises. These types of safeguards can be built into the design of your endowment fund.

• The minimum contribution required to establish an Organization Endowment Fund is $10,000. Additional contributions can be added to the fund at any time and in any amount.
  
  
• The Foundation will manage your endowment fund as a part of the Foundation’s investment pool. Your agency benefits from a diversified portfolio, high quality professional money management, and low money management fees. In agreeing to place the endowment fund with the Foundation, the organization agrees that the Board of Trustees of the Central Susquehanna Community Foundation has the authority to modify or eliminate any restrictions on the fund should such designation, restriction or condition become unnecessary, undesirable, impractical or incapable of fulfillment.
  
  
• Distribution of the Organization Endowment Fund to the organization is determined at the time of inception. It is recommended that the board of directors for the organization establish endowment fund goals and the terms under which distribution from the endowment will take place.
  
  
• The Central Susquehanna Community Foundation cannot engage in any fund raising on behalf of organizations placing their endowment funds at the Foundation.
  
  
• The organization cannot control the investments of the endowment.
  
  
• A legal document is required to establish the Organization Endowment Fund.