We can help you focus on your mission. A fund with the San Antonio Area Foundation adds value to your nonprofit organization.
Rely on our financial expertise and purchasing power for investment of your endowment, operating reserves or designated fund. Join our community network of donors, fund advisors and nonprofit agencies, by establishing a nonprofit fund.
A supporting organization continues as a separate legal entity. It continues to administer its program and can continue to invest its assets in an independent manner. It must meet certain requirements imposed by Section 509(a)(3) of the Internal Revenue Code.
Nonprofits can establish an investment fund with the Area Foundation to take advantage of our expertise and purchasing power while maintaining control over their assets. We offer a variety of balanced and diversified investment pools. Nonprofits choose the option that best meets their financial goals.
While competitive grants may be crucial to your organization’s operations, they are likely your least reliable source of revenue. An agency endowment fund can generate a predictable stream of income for your mission while the rest of your investment grows in perpetuity – so you can do good forever. Agency endowments may be established by a nonprofit or a donor(s) on behalf of the nonprofit. The funds contributed become assets that are controlled by the Area Foundation for the purpose specified in the fund agreement by the agency or donor(s).
A nonprofit or donor(s) may establish a designated fund with the Area Foundation that stipulates the amount and frequency of distributions to be made to the nonprofit. The fund agreement may designate that distributions will be used for general operations, specific programs or capital/maintenance projects. All funds contributed to a designated fund become assets of the Area Foundation for the benefit of the agency and for the purpose specified in the fund agreement.