Long-term financial support for your favorite nonprofits
Designated endowments enable a donor to provide ongoing financial support to one or more specific nonprofits. This endowment option offers an excellent solution for donors who wish to provide a long-term continual benefit to one or more charitable organizations, but who prefer not to give the entire amount directly to the charity at once.
What is an endowment?
An endowment is a permanent fund designed to grow over time, returning an ever-increasing amount to the organization as a growing and reliable source of additional income each year. The bulk of the fund remains invested, and only a portion is ever distributed.
The NCCF invests designated funds so that a sustainable portion of the fund’s balance (typically around 5 percent) can be paid to continually support the operations of the named charity or charities.
As a donor, you might wish to consider creating a designated fund if:
You or your family have been touched by a particular organization.
You know which organization you want to support but wish to turn over the annual grantmaking responsibility to a third party
You wish to benefit many different nonprofits in an organized and efficient way
Your chosen charity lacks the size, experience or expertise to administer a sizeable fund
You want your preferred charity to benefit from the professional services of the NCCF
How can you begin a designated endowment with the NCCF? A minimum gift of $25,000 and a simple legal agreement are the first steps. After the initial gift is made, additional gifts may be made in any amount, at any time. At the time the fund is established, NCCF will obtain a resolution from the charity’s board agreeing to the establishment of the fund.
Email (910) 782-2895
For donors in eastern counties
Jake Pope
Development Officer, Central
Email (919) 256-6917
For donors in central counties
Megan Lynch Ellis
Development Officer, West
Email (828) 355-4306
For donors in western counties
{"tinyMCE_dummy":"","title":"Designated funds","url":"\/create-a-fund\/types-of-funds\/designated-funds","meta":{"title":"","description":"","excludeFromSitemap":"No"},"ordinal":999,"content":"<h2>Long-term financial support for your favorite nonprofits<\/h2>\r\n<p>Designated endowments enable a donor to provide ongoing financial support to one or more specific nonprofits. This endowment option offers an excellent solution for donors who wish to provide a long-term continual benefit to one or more charitable organizations, but who prefer not to give the entire amount directly to the charity at once.<\/p>\r\n<h2>What is an endowment?<\/h2>\r\n<p>An endowment is a permanent fund designed to grow over time, returning an ever-increasing amount to the organization as a growing and reliable source of additional income each year. The bulk of the fund remains invested, and only a portion is ever distributed.<\/p>\r\n<p>The NCCF invests designated funds so that a sustainable portion of the fund’s balance (typically around 5 percent) can be paid to continually support the operations of the named charity or charities.<\/p>\r\n<p>As a donor, you might wish to consider creating a designated fund if:<\/p>\r\n<ul>\r\n<li>You or your family have been touched by a particular organization.<\/li>\r\n<li>You know which organization you want to support but wish to turn over the annual grantmaking responsibility to a third party<\/li>\r\n<li>You wish to benefit many different nonprofits in an organized and efficient way<\/li>\r\n<li>Your chosen charity lacks the size, experience or expertise to administer a sizeable fund<\/li>\r\n<li>You want your preferred charity to benefit from the professional services of the NCCF<\/li>\r\n<\/ul>\r\n<p><strong>How can you begin a designated endowment with the NCCF?<\/strong> A minimum gift of $25,000 and a simple legal agreement are the first steps. After the initial gift is made, additional gifts may be made in any amount, at any time. At the time the fund is established, NCCF will obtain a resolution from the charity’s board agreeing to the establishment of the fund. <\/p>","excerpt":"","media":0,"custom":{"blocks":{"blocks":[{"fieldset":"458683df409c4ac9a3f9d1389daa0ac4","fieldset_slug":"_contacts","contact_1_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Kathryn-Roebuck-Holding2.jpg","contact_1_name":" Kathryn Roebuck Holding, J.D.","contact_1_title":"Vice President of Philanthropic Services","contact_1_email":"kholding@nccommunityfoundation.org","contact_1_phone":"(919) 256-6932","contact_1_blurb":"To begin","contact_2_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Beth-Boney-Jenkins.jpg","contact_2_name":" Beth Boney Jenkins","contact_2_title":"Development Officer, East","contact_2_email":"bjenkins@nccommunityfoundation.org","contact_2_phone":"(910) 782-2895","contact_2_blurb":"For donors in eastern counties","contact_3_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Jake-Pope-web.jpg","contact_3_name":"Jake Pope","contact_3_title":"Development Officer, Central","contact_3_email":"jpope@nccommunityfoundation.org","contact_3_phone":"(919) 256-6917","contact_3_blurb":"For donors in central counties","contact_4_image":"https:\/\/nmcdn.io\/e186d21f8c7946a19faed23c3da2f0da\/7868d48393ef4e3bb7bca8cdf7bc2f20\/files\/Megan-Lynch-Ellis_2.jpg","contact_4_name":" Megan Lynch Ellis","contact_4_title":"Development Officer, West","contact_4_email":"mellis@nccommunityfoundation.org","contact_4_phone":"(828) 355-4306","contact_4_blurb":"For donors in western counties"}]},"masthead":{"title":"","counties":"","affiliate_logo":"","sub_text":"","background_image":"","caption":""},"latest_blog":{"post":""},"social_sharing":{"share_image":""},"the_latest":{"show_latest_posts_by":""}},"inMenu":false,"visibleTo":"Everyone","publishedAt":1551821703,"orderChildrenBy":"ordinal","enableComments":false,"permission":"read","id":"5b6164e4e9f34d469b95aa2e6995b0eb","parent":"12900e13a598413f9643d5bc2e3c045e","node":99517,"created":1551821703,"modified":1679597571,"fresh":1,"type":"page","children":{},"relations":{}}
