Kristen Mihaljevic, CGPP, CAP®
Director of Development
984-370-6939
What is an endowment?
An endowment is a permanent fund invested for long-term growth. That means it provides a reliable stream of funding for the cause, nonprofit or community you care about.
When you make a direct donation to a nonprofit, your gift typically goes toward meeting immediate, everyday needs. While that support is vital, an endowment does something different – it acts as a permanent source of support.
At NCCF, an endowment gives you peace of mind.
Our expert financial team protects your core investment and reliably distributes 5% per year. Depending on the fund type you choose, that can be provided annually as a grant to a nonprofit or a scholarship to a student. You get to sit back and watch your gift grow – knowing your impact will endure for generations.
With an endowment, your generosity goes further.
We invest your fund alongside our other expertly managed NCCF funds, which means you get stronger earning potential. This gives your charitable dollars more power to grow and make a greater impact in your community.
The power of endowment
To understand the true power of endowed giving at NCCF, look at how an initial investment of $100,000 makes an impact over 30 years:
- First, we gather your core investment. You open your permanent fund with a gift using cash, stock or non-cash assets. In this example, it’s a gift of $100,000.
- Then, we grow your investment. We pool your investment with other NCCF funds to maximize the growth of your fund and do more good.
- And every year, we give back. Each year 5% is granted out – a best practice that makes an impact exactly where you want to see change happen.
The result? Because we invest your fund, your original $100,000 gift increases to more than $126,000 over 30 years – all while providing nearly $173,500 in grants or scholarships!
That means your fund grows and your generosity becomes a permanent promise.
This illustration is for demonstration purposes only. Returns and fees are compounded quarterly for purposes of the illustration.
Endowed funds: How North Carolina donors build permanent legacies
Here are just a few real examples of how North Carolinians have partnered with NCCF to create permanent legacies.
The George W. Andrews Scholarship
Opening doors for students in Montgomery County to achieve their dreams.
This fund began in 2006 with $105,000. Since then, over $625,000 in direct student support has been provided, while the fund has grown into an over $1.2 million permanent force for good.
The Dottie Gray Ambulance Fund
Providing vital, life-saving support for emergency services in Pamlico County.
Founded in 1999 with a modest initial balance, this fund has poured over $190,000 in grants directly back into emergency care in Pamlico County. Meanwhile, its total balance has climbed to more than $256,000.
Ready to make an impact? Let’s talk.
