Nonprofit Endowment and Advised Funds
Nonprofit 501(c)(3) organizations with volunteer boards want to focus on programs – not asset management.
The Connecticut Community Foundation makes it possible for nonprofits to establish permanent endowment funds to support the long-term needs of the organization, and advised funds for a specific purpose or initiative that supports the work and mission of the organization.
To encourage our region’s nonprofits to establish funds at the Connecticut Community Foundation, they are charged a reduced administrative fee and this fee is waived for the first year.
In addition, a nonprofit that establishes an endowment fund at the Connecticut Community Foundation is eligible to participate in our planned giving services including charitable gift annuity and pooled income fund programs.
A nonprofit that establishes a fund with us continues to be eligible to apply for grants from the Connecticut Community Foundation.
For more information, please contact Ann Merriam Feinberg at 203-753-1315.
Additional information
- Comparing nonprofit endowment and advised funds
- Accounting treatment for nonprofit funds
