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Re: Restrictions/policies when permitting non-endowed or flow through funds?
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 endo…2 -
endowment examples
Would others in the community foundation world be willing to share draft endowment agreement language with me? We are considering opening an endowed fund for a rural hospital foundation. My community…2 -
Re: Process for changing fund types?
We change the category when it moves to board directed grants, and document that change, though we could go your route and create a new fund, linked to the old one. It's only happened once so far (we…4 -
Re: Process for changing fund types?
We document this change to a board advised fund with a note linked to the original fund, date stamped, and in all fund agreements, include a paragraph about making this change if the original donors/…3 -
Re: Corporate Succession Planning
Thanks for your comments, @KentWeimer. We are looking now at likely foundations nearby that will probably be damaged by the estimated worst case event, but whose communities will recover. Our intent …3
