Restrictions/policies when permitting non-endowed or flow through funds?
We have a policy that an Endowed Fund must be started before we permit a non-endowed or flow-through fund to be established. We are revisiting this, however. I am curious as to whether other Foundations permit non-endowed/flow through funds to be established on their own, and if so, are there policies or terms of reference in place that guide when this is permitted or not?
Lorna Sandberg
Director of Philanthropy and Donor Stewardship
(306) 527-7630 (cell)
(306) 751-4751 (work)
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Answers
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We do the reverse--allow flow through funds to be opened, and then rainy day funds (non-endowed, grants made only when necessary), and then endowed funds. Helps organizations avoid thinking that endowed funds will take away from their customary donor base.
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