Charities are increasingly seeking independence from uncertain grant funding. Creating an Agency Endowment is a great way to build this independence. The Abbotsford Community Foundation makes it easy to set up an Agency fund and each year your charity will be sent the annual investment return based upon our spending policy in perpetuity. Establishing an Agency Endowment Fund is a simple and efficient way to build an independent income for your charity. Our experienced staff can help you plan and manage the administrative details.
How it works for the charity:
- Your board determines a long term sustainability goal for unrestricted funds to operate annually, or to undertake specific programs.
- You work with our knowledgeable staff to set up an Agency Endowment fund agreement for your charity.
- The fund can be set up with as little as $10,000. Your fund can be added to by your donor supporters by way of a gift in their will or during their lifetime. Our online donation form will list your fund as well as our fundraising staff will promote your fund to potential donors that wish to support the work of your charity long-term.
- Your organization will receive annual fund activity statements. We will handle all the financial management and administrative details.
- A cheque is sent annually for the investment earnings based on the spending policy less our administration fee, currently at 1.5%.
If you are a donor and would like to know which charities have established an Agency Endowment fund with the Abbotsford Community Foundation, a list is provided below. It is easy to make a donation to one of these funds through our online donation form. Please click on the Donate Now button and then on the “Non Profit Agency Funds” portion of the donation form. Click on the drop down box there, highlight which charity you would like to support and complete the balance of the form. You can also access the form here: Online Donations Form.
The following organizations have Agency Endowment funds with ACF:
- Archway Community Services
- Archway Community Services – Food Bank
- Archway Community Services – Senior’s Services
- Abbotsford Hospice
- Abbotsford Police Foundation
- Abbotsford Regional Hospital – Fraser Valley Health Care Foundation
- Big Brothers Big Sisters of the Fraser Valley
- Fraser Valley Brain Injury Association
- Fraser Valley Conservancy
- Heritage Abbotsford Society
- Tabor Home Society
- United Way of the Fraser Valley