Achieve More with Your Donations through ECCF Agency Funds
Erie County Community Foundation (ECCF) offers comprehensive support for organizations looking to establish an Agency Fund, empowering them to focus on their mission while ensuring long-term financial stability.
Key Benefits
An Agency Endowment Fund at ECCF provides nonprofits with annual financial distributions determined by their Board of Directors, sustaining their charitable efforts through growing endowment funds.
Professional Investment Management
ECCF manages agency fund assets, relieving organizations of investment responsibilities and ensuring funds are preserved and grown over time.
Increased Visibility
Organizations with agency funds gain exposure through ECCF's publications, reaching potential donors and ensuring long-term financial security.
Streamlined Administration
ECCF handles all gift processing, acknowledgements, tax receipts, and financial reporting, reducing administrative burdens for nonprofits.
Diverse Giving Options
ECCF accepts a wide range of assets, including cash, real estate, and securities, facilitating complex gifts that may otherwise be challenging to process.
Planned Giving Services
ECCF administers charitable gifts through planned giving, supporting donors and their advisors in making impactful contributions.
Advantages:
Agency funds serve as a strategic tool for nonprofits to build assets and secure reserves.
They offer cost-effective investment options and third-party oversight.
Nonprofit staff can leverage ECCF's expertise through philanthropic advisory services.
Minimum Balance: Start an agency fund with an initial contribution of $10,000, allowing for additional contributions of any size indefinitely.
How to Start an Agency Fund with ECCF:
Discuss Goals:
Meet with ECCF’s Philanthropy Team to determine the best agency fund type for your organization.
Engage Your Board
Present the benefits and structure of an agency fund to your board committee responsible for finances, with support from ECCF.
Complete Paperwork
Initiate the process with a completed fund agreement, supported by ECCF’s guidance and assistance.
Leave the Details to ECCF
You can rest assured that your gifts will be used for the purposes for which they were given.
For personalized guidance on setting up an Agency Fund, contact Director of Development and Marketing Paul Freeman at paulf@eriefoundation.org or 419.621.9690.