If you're concerned about sustainability in the future not just viability now, an endowment is an important way to realize that vision.
The Community Foundation of Utah offers turnkey solutions to nonprofits seeking a steady stream of permanent endowment support. We can build an endowment fund for your organization, accept stock, real estate and other complex gifts on behalf of your donors; and much more.
And here is even more good news. Generous support from GE Financial Services and the Utah Financial Services Foundation allow us to provide start up endowment services for no administrative fee. Call us to learn about our investment management program.
We are pleased that more than a dozen nonprofits have entrusted their endowments to the Foundation’s management. These organizations show a commitment to their future. Each accepts funds from the public and donations of all amounts are gratefully accepted. You may learn more about each of these outstanding organizations by linking to their web sites.
- Alta Community Enrichment strengthens our community by bringing people who live, work and play in Alta and Snowbird together to share in the arts, cultural events and education.
- And Justice for All is committed to providing legal services, free of charge, for Utah's most vulnerable citizens - people living in poverty, individuals with disabilities, veterans, seniors, minorities and victims of domestic violence.
- Boys & Girls Clubs of South Valley Our mission is to inspire and empower youth, families and communities to realize their full potential as productive, responsible and caring citizens.
- Canary Garden provides group support through interaction with peers, trained volunteers, and professionals. Family members have opportunities to acknowledge their grief and to continue their lives in a hopeful and confident manner.
- Columbus Community Center’s mission is to support individuals with developmental disabilities so they can live and work with independence in the community. Since 1968, Columbus has continued to find innovative ways to fulfill this mission.
- The Egg Fund at the Tracy Aviary fosters caring for the natural world, enriching and transforming lives through our connection with birds.
- Fourth Street Clinic Endowment Fund This endowment fund works to end homeless in Utah by supporting Fourth Street Clinic’s health care and support services for uninsured, homeless Utahns.
- The League of Women Voters Salt Lake Legacy Fund The League of Women Voters, a nonpartisan political organization, encourages informed and active participation in government, works to increase understanding of major public policy issues, and influences public policy through education and advocacy.
- The Make-A-Wish Foundation ® of Utah Endowment supports the work of the Make-A-Wish Foundation, now celebrating its 25 years in Utah.
- The Sharing Place is dedicated to providing a safe and caring environment where children, teens, and their families who are grieving the death of a loved one may share their feelings while healing themselves.
The YMCA - the Tom E. and Nancy A. Nissalke Camp Fund endowment was created to ensure that all kids can enjoy the YMCA's camping experience.
Wasatch Community Gardens Endowment supports this community-based nonprofit that has served the Salt Lake County community for over 20 years.
Utah Partners For Health is a nonprofit charitable organization providing funding for the provision of medical and ancillary services to the uninsured, underinsured and underserved in Salt Lake County.
Endowments give your known donors, and those identified by the Community Foundation of Utah, the opportunity to provide for the future needs of your agency. Placing your fund with us has several organizational advantages:
- Economies of Scale: Your funds will be part of our pool of funds. The Community Foundation's economies of scale provide the benefits of a diverse investment portfolio and low investment fees that typically come only with very large funds.
- Investment Management: To ensure that the Community Foundation's portfolio is managed effectively, our Investment Committee, a volunteer group three some of the state's leading investment managers, establishes investment policies including asset allocation and investment objectives, selects and reviews investment managers and reviews asset growth and performance.
- Fund Management Services: Administrative services provided include accounting, record keeping and automatic grant distributions if desired. You will receive a quarterly financial performance report that includes beginning and ending balances, contributions, investment returns, and distributions.
- Handling sophisticated gifts: The Community Foundation of Utah is able to handle gifts of publicly traded and closely held securities, real estate, planned gifts, options, life insurance and other types of gifts, and can provide the expertise needed to receive these types of gifts into your agency endowment.
- Endowment Building Support: We have an exceptional network of professional advisors, including estate planning attorneys and wealth managers. These volunteers and our professional staff are available to speak with your staff, board members, and donors about gifts and other vehicles to benefit your endowment.
- Visibility: The Community Foundation of Utah has quickly demonstrated its ability to identify new and emerging philanthropists, and to bring an important and long needed service to Utah's philanthropists. Agencies that have endowment funds with the Community Foundation benefit from the exposure to our growingnumberofdonoradvisorsandnetworkofentrepreneursandinvestors. Yourendowmentmayalso benefit from increased exposure to potential donors and the general public, through listings in our publications, press releases, web page, and participation in Community Foundation events.
- Low Cost: There is no fee to establish, transfer, or close a fund at the Community Foundation. The minimumopeningbalanceforanAgencyEndowmentFundis$5,000. ToencourageUtah'snonprofitsto build for their future, the foundation charges no administrative fees until the fund reaches $50,000. Nonprofit funds are assessed an annual fee of 0.5% on balances over $50, 000, with further reductions on higher balances.