ENDOWMENTS

• Preserving a significant amount of capital
• Creating a simple and efficient way to attract endowment donations
• Increasing principal and income through professional investment

• We take care of documentation, accounting, disbursements, and tax reporting.
• Each endowment fund is audited each year as part of the Community Foundation audit.
• You save staff time, legal and accounting expenses, and administrative headaches.

• We work closely with a variety of professional investment managers who are held accountable for performance goals.
• We realize lower investment management fees because of the economy of scale provided by our large pool of funds available for investment.
• All investments are monitored by our Finance and Investment Committee, by the full Board of Directors, and all performance results are shared with your board.

• Endowment funds held within the Community Foundation are shielded from litigation against your organization.
• The Community Foundation maintains comprehensive Directors and Officers Liability insurance related to the funds we manage, so your endowment also enjoys this protection.

• Donors receive the maximum charitable deduction allowed by law when they contribute to your endowment at the Pikes Peak Community Foundation.
• Donors can use nearly any asset to contribute to your endowment, including all deferred giving instruments allowable under the tax code.
• We can help you think through marketing efforts that will lead to increased donations to your endowment fund.

• Any nonprofit 501(c)(3) organization in the Pikes Peak region can use the Partner Endowment program by transferring an existing endowment to the Foundation or by starting a new one here.
• The procedure is simple: we have prepared a standard, legally sound Fund Agreement that makes clear the provisions and responsibilities of the endowment fund. You then customize this Agreement to suit your organizationís needs and have your own attorney review it.
• The Agreement requires you to name the endowment and state its primary and alternative purposes. The Agreement states that your organization will receive income from the endowment.

• An endowment protects your capital by limiting your access to it. This is often a major consideration for donors to endowment funds. The options you choose within the Fund Agreement will create flexibility to suit your needs.
• You can choose to spend income according to a spending policy outlined in the Fund Agreement, or you can reinvest some or all income until your fund grows larger.

• We designed the Partner Endowment to be accessible to a variety of nonprofit organizations, so that the benefits of an endowment are available to even the smallest nonprofits. This includes making it affordable.
• A Partner Endowment can be established with an initial contribution of only $5,000, and subsequent donations may be made at any time in any amount, from one donor or from many.
• The maximum annual fee for endowment services is limited to 1.75% of principal. At this level, the fee meets the administrative and investment management costs of the Foundation and leaves as much as possible for the use of your organization.