Nonprofit endowment funds are an efficient and powerful way to ensure future resources for an organization you care about today.
Bryan Clontz, of Charitable Solutions, LLC., recently presented a workshop for Galesburg Community Foundation nonprofit endowment partners focused on endowment building with a limited staff and/or limited budget.
The workshop brought together local nonprofit staff and board leadership committed to strengthening their nonprofit through effective philanthropy and endowment growth.
By 2030, approximately 2.5 billion dollars with transfer from one generation to the next in Knox, Warren, and Henderson counties. Nonprofits have an opportunity to capture some of this wealth if they effectively integrate planned giving strategy into their work.
Clontz provided participants with a three-pronged approach to legacy giving including identifying prospects, engaging leadership and marketing ideas for growth.
“Ninety percent of all planned gifts come through wills or beneficiary designations on retirement plans and life insurance policies,” Clontz noted during his presentation. He encouraged participates to talk to their donors about including their nonprofit organization and endowment funds in their wills or as beneficiaries to grow their endowment and ensure long term support.
“We see the benefit of endowment every day at the Community Foundation. Endowment provides a predictable source of support for a nonprofit allowing the organization to more fully focus on its mission,” said Sarah Grant, Director of Development. “A nonprofit endowment fund also provides a way for donors to continue to support their favorite nonprofit after their lifetime,” added Grant.
For more information about starting or growing a nonprofit endowment or leaving a planned gift to a nonprofit endowment fund held at Galesburg Community Foundation, contact Sarah Grant.
