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.
YVCF can provide assistance to those interested in setting up an Agency Fund. Here are the steps to follow:
Before involving your board, set up a meeting with YVCF to determine which type of Agency Fund would best fit your objectives.
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.
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.
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.