Many nonprofit organizations create an Agency Endowment Fund to maintain long-term financial stability and gain the support of investment management professionals. If your nonprofit is looking for a way to build a lasting reserve while easing the burden of investment management, an Agency Endowment Fund through MACF may be a good fit.
Your fund exists in perpetuity, giving your organization a lasting source of support that outlasts any single gift or campaign.
Your fund is pooled and professionally managed alongside the Foundation's other assets, according to investment policies set by the Board of Directors, so your organization doesn't need to manage that work in-house.
The Foundation charges only a modest annual administrative fee based on the fund's fair market value, an economical way to gain professional management.
Funds held at MACF carry the credibility and public trust of a community foundation, which can make your organization a more attractive choice for donors weighing where to give.
Once your organization has a fund, your supporters have another way to give. A donor can support your organization by giving directly to your Agency Endowment Fund, which is especially useful for donors who want to take advantage of the North Dakota Legacy Tax Credit. Donors can mail a check denoting your organization as the benefiting agency, or give online and note the benefiting agency on the payment. MACF provides a receipt for tax credit purposes.
See Ways to Give for the full range of ways a donor can give, and Planned Giving, North Dakota Tax Credit for the tax credit details.
