Establishing an Agency Fund at the Richmond Community Foundation is a simple and efficient way to invest your funds and provide an annual distribution to your organization for its own use. Our experienced staff can identify potential giving programs you can use with your donors that would build your fund, all while RCF takes care of the investment management and administrative details.
How it Works
We set up a special fund in the name of your nonprofit organization. It may be a designated fund or a permanent endowment fund.
Your board determines how much to contribute for the initial investment to establish your fund, and then determines the investment allocation for its management. Gifts may be added at any time.
We work with your staff to understand the nuances of accepting complex asset gifts to your fund, such as stocks, trusts, appreciated assets (such as art), and bequests.
Your organization’s donors may leave a bequest through the Community Foundation to benefit your organization forever. We handle investment management and the administrative responsibilities related to fund management so that your staff and volunteer hours are concentrated on fulfilling your mission.
To view the Agency Fund overview, please click here.
To view the Agency Fund worksheet, please click here.
To view a sample agreement, please click here.