Agency Funds

Achieve More with Your Donations through YVCF's Agency Funds

Yakima Valley Community Foundation (YVCF) offers a range of philanthropic tools and administrative support that can help organizations achieve their missions in the community. By partnering with YVCF as an Agency Fund Advisor, organizations can focus on what really matters—achieving their goals.

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Here's how YVCF can help

  • Manage an endowment: YVCF provides the resources and expertise to help organizations manage their endowment funds and ensure long-term financial stability.
  • Accept complex gifts: YVCF can help organizations accept complex gifts such as real estate or securities, which can be more challenging to manage than cash donations.
  • Leverage planned giving: YVCF can help organizations establish and promote planned giving programs, which allow donors to make charitable gifts as part of their estate planning.
  • Simplify administrative tasks: YVCF can help organizations manage administrative tasks such as accounting, reporting, and compliance, allowing staff to focus on their mission.
  • Access expertise: YVCF provides access to a team of experts who can offer guidance on a range of topics, including investments, tax regulations, and legal compliance.

If you are interested in learning more about how YVCF can help your organization take in more and larger gifts to support your cause, please contact us. We would be happy to discuss your needs and provide more information about our services.

Steward Endowed and Non-Endowed Agency Funds

YVCF has seen significant growth in its assets under management, which have surpassed $80 million in the past 25 years. This growth is attributed to YVCF's excellent fund stewardship and the increasing number of individuals and organizations in the community that recognize the value and support they receive from YVCF as a fund manager and philanthropic partner.

YVCF offers two types of Agency Funds, namely Endowed and Non-Endowed. Both can be opened with a minimum investment of $10,000 and can be added to at any time.

Endowed Agency Funds

An Endowed Agency Fund provides an opportunity for organizations to protect their endowed funds for future needs and receive annual income based on YVCF's Endowment Spending Policy. By pooling endowments with other funds, YVCF offers the potential for increased investment yields and lower fees. Additionally, YVCF handles all administrative details, including investment management, eliminating the need for individual nonprofits to create an investment policy and monitor investments. Partnering with YVCF to manage endowments also demonstrates a commitment to long-range financial planning.

Non-Endowed Agency Funds

On the other hand, a Non-Endowed Agency Fund allows organizations to maintain control over their funds, which are always accessible. These funds are often referred to as Board Restricted Endowments or Quasi-Endowments and provide nonprofits with an effective way to manage their cash reserve. The nonprofit or agency's board determines the goals for this fund, including the time horizon, investment pools, and conditions under which the fund might be used.

Process Complex Gifts

YVCF provides assistance to Agency Fund Advisors who may not have the knowledge, resources, or ability to manage complex gifts, helping them to acquire more assets for their organization.

By supporting Agency Fund Advisors in accepting complex gifts, YVCF helps nonprofits, and their donors create positive impacts in our community.

Open an Agency Fund

YVCF can provide assistance to those interested in setting up an Agency Fund. Here are the steps to follow:

Discuss your goals with YVCF Philanthropy Team

Before involving your board, set up a meeting with YVCF to determine which type of Agency Fund would best fit your objectives.

Engage your board

Once you have decided to proceed, you should speak with the board committee that handles your finances. YVCF can help you prepare a presentation that covers investment returns, fee structure, investment pool options, and other benefits of holding an Agency Fund with YVCF.

Complete the paperwork

To get started, all you need is our fund agreement. It typically takes only one week to establish a new Agency Fund. YVCF will be available to answer any questions you have throughout the process.

Let YVCF handle the details

After your fund is established, YVCF will take care of all investment management and investment oversight activities. This includes investing the funds, conducting quarterly reviews of their performance against benchmarks through their Investment Committee, and considering changes where performance is lagging. You'll receive quarterly fund reports to keep you informed about the status of your fund.

To establish an Agency Fund or discuss any question you may have, please contact a YVCF advisor here.