For more information about setting up your own agency fund, visit Agency Funds.
What is the purpose of an agency fund?
The purpose of an agency fund is to provide a long-term, stable source of operating revenue for a nonprofit.
Why set up an agency fund?
An endowed agency fund shows potential donors you are serious about your sustainability. It provides an organized and accessible opportunity for donors to contribute to your organization and also a vehicle for your donors to make planned or legacy gifts.
Instead of spending valuable time and energy managing your endowed fund, your organization will be able to focus more on fulfilling its mission.
Can the nonprofit dissolve the fund if there is an emergency?
It depends on the emergency.
An agency can petition the ACF Board of Directors to dissolve their fund; however, such a request would only be granted in extreme circumstances.
Is fundraising for an agency fund permitted?
Yes. We encourage nonprofits to let their donors know about their endowment. We are happy to meet with a potential donor and have staff available to help you develop a communications and marketing strategy around planned giving.
Do disbursements have to be made every year?
No. Many agency funds start small, with the intention of growing for many years before beginning to receive disbursements.
How does a nonprofit make recommendations for its fund?
Fill out the Agency Fund Grant Recommendation Form [link]and return it to ACF. Forms can be submitted by mail, email or fax, but an original signature is necessary.