Let’s look at the benefits of establishing an endowment with Your Community Foundation:


1. An annual income of disbursement of 5% of the value of endowed funds.
 A) Handling of all fund management and accounting, including anannual audit.
 B) Distribution can be annual, quarterly, monthly, or at any other regular increment.
 C) Our Partners receive up to 5% of the average balance of their fund as a grant from the Foundation.


2. Personalized investment oversight.
 A) All funds are invested with the guidance of the Foundation’s Investment Committee chaired by an experienced Trustee and comprising Trustee and non-trustee members with extensive experience in the financial field.
 B) The committee sets asset allocation, selects professional managers, and monitors fund performance.
 C) Our goal is to maximize the performance of our funds through reasonable investment returns without undue risk of significant capital depreciation.
 D) We provide Partners with a regular report on your fund’s performance.


3. Partners may choose to reinvest all or part of the income in years when it may not be needed, so their endowment can grow even more.


4. Our Partners' endowments are publicized to our large donor base and our donor-advisors in all Community Foundation’s marketing and publicity venues unless they prefer an anonymous listing.


5. All gifts to endowments are deductible at the highest levels allowed.


6. We offer donors to our Partners' endowments sophisticated planned giving devices such as charitable gift annuities, and the ability to accept a variety of gifts, including stock, real estate, and benefits of life insurance policies.


7. We provide access to planned giving resources and our staff in assisting our Partners' development efforts.


8. Consulting services.
We work with our Partners to assist them in creating a strategic plan which integrates an endowment fund into the overall development program and to promote the endowment.

Fees:

Our Partners benefit from lower investment and administrative costs resulting from our economies of scale. Our current administrative fee for your endowment is 1% for the fist $500,000 and .5% over that. The fee income generated by this is used to defray administrative and program costs to the Foundation for managing each fund. An small investment manager fee is set by our managers and will vary from year to year.

Thank you for your interest in starting an endowment fund at the Community Foundation of Greater Jackson.

Please contact our with any questions or to make an appointment. Click to contact us about creating a fund. Committing funds in perpetuity with an endowed fund is a big step. Our staff is available to meet with your staff and board to help you fully explore your options.