Agency funds are ideal for 501(c)(3) nonprofit organizations interested in a simple and effective way to build an endowment. You can focus on your core mission, while we provide professional investment expertise, endowment marketing support, and complex gift acceptance to help grow your endowment. We also provide various tools and resources to agency fund holders.
The Alaska Community Foundation staff works closely with you and your organization to help establish the fund that achieves your organization’s needs for today and into the future. An additional benefit to establishing an agency fund is that ACF will receive gifts, manage the fund, file tax returns, and distribute income to your organization.
For more information, please contact us.
It’s been a busy and great year at Calypso Farm. Our vegetables are enjoying this warm, sunny summer, and the community is enjoying the vegetables! We are always trying to reach the community in new ways, and hope that The Alaska Community Foundation will help us do that in the future.
Sarah Furman, Calypso Farm & Ecology Center
Frequently Asked Questions
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?
Complete and return the Agency Fund Grant Recommendation Form. Recommendations can be submitted by mail, email, or fax, but an original signature is necessary.