Designated Funds

Designated endowments allow a donor to provide ongoing financial support to one or more of their favorite 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.

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:

How can you begin a designated endowment? 

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. 

To learn more

Contact our development team

Kathryn Roebuck Holding, J.D.

Vice President of Philanthropic Services
Email
919-256-6932

Jake Pope

Development Officer, Central
Email
919-256-6917