ENRICHING OUR HEALTH, OUR WELL-BEING AND OUR FUTURE
An agency fund at the Hudson Community Foundation allows your charitable organization to receive and utilize an annual financial distribution as determined by your Board of Directors.
Advantages of an Agency Fund at HCF:
Nonprofit organizations has established agency funds at the Hudson Community Foundation.
Services provided include:
- Professional Investment Management
Agency funds assets are placed into an investment account at the Hudson Community Foundation to build and preserve the funds in perpetuity. An agency fund relieves your organization’s staff and Board of Directors from the accounting and management of its invested funds.
- Increased Organizational Visibility
Nonprofits organizations with agency funds at HCF join our larger giving community. Agency funds are featured in HCF’s publications which receives widespread circulation. The publication offers donors the opportunity to support your organization ensuring long-term security, particularly through an endowment fund.
- Cost-Efficient Administration
HCF staff processes all gift acknowledgements and provides your organization with quarterly statements of fund activity.
- Acceptance of a Variety of Assets
We accept a variety of assets – both current and through planned giving, including cash, real estate, closely-held securities and much more.
- Planned Giving Services
HCF administers charitable gifts through planned giving, which can include direct gifts to agency funds. HCF serves as a partner by administering the gifts and working with potential donors and their professional advisors to answer gift planning inquiries.
How To Open An Agency Fund:
SETTING UP A FUND
Ready to put your ideas into action? In three simple steps, your organization can begin its charitable journey with HCF.
Step 1: Decide on investment amount
We accept a variety of assets – both current and through planned giving, including cash, real estate, wills and revocable trusts and much more. Agency funds can be established with a minimum gift of $10,000.
Step 2: Determine the longevity of the fund
An agency fund can be endowed or non-endowed.
An endowment means HCF invests the capital and provides your organization with an annual income from the fund, dependent upon investment market performance. The initial investment remains un-touched, ensuring that your gift is a permanent source of funding for your organization to use according to your guidelines.
A non-endowed fund utilizes your donated capital in its entirety. It does generate interest over time because it is invested into a fund. When all of the capital has been administered according to your guidelines, the fund ceases to exist.
Step 3: Contact our staff
When your organization would like to review a fund agreement to open the fund, contact our office. We look forward to exploring the possibility of establishing an agency fund with your organization at the Hudson Community Foundation.