As community needs and opportunities continue to grow, board members
of nonprofit organizations realize the need to establish stable, predictable
sources of income. Just when an organization is needed most by the
community, the competition for funds from private, philanthropic and
government resources seems stronger than ever before. Now might
be the time to consider a “funding mix” that will provide financial stability
for the future.
An agency endowment fund at the White County Community Foundation
can act as an income stabilizer. Like personal savings, a permanent fund
for a nonprofit organization (including churches and schools) can provide a
reliable source of additional income each year. This permanent pool of
assets generates income and grows over time.
WCCF is available to meet with your organization’s staff and board to
discuss how we might partner to strengthen your organization.