Nonprofit Fund Types
The Nonprofit Fund is a convenient, flexible tool for nonprofit organizations, and is available in three fund types: Reserve (Spendable), Board Designated (Quasi-Endowed), and Donor Restricted (Quasi-Endowed).
Reserve (Spendable)
This type of fund allows a nonprofit organization to:
- Establish a named fund with a minimum balance of $25,000.
- Build funds for a project or future operational needs.
- Save non-endowed, medium-term, or emergency dollars in a professionally managed fund that seeks to generate income, year after year, while remaining accessible to the organization's board.
- Receive periodic distributions or reinvest in the fund according to the organization's needs.
Board Designated (Quasi-Endowed)
This type of fund allows a nonprofit organization to:
- Establish a named fund with a minimum balance of $25,000.
- Create a board designated, professionally managed fund that seeks to generate investment income, year after year.
- Receive periodic distributions or reinvest in the fund according to the organization's needs.
Donor Restricted (Quasi-Endowed)
This type of fund allows a nonprofit organization to:
- Establish a named fund with a minimum balance of $25,000.
- Endow and manage donor restricted funds.
- Receive periodic distributions or reinvest in the fund according to the organization's needs.
Support and Services
We manage nonprofit funds for more than 200 organizations statewide. Each benefits from:
- A dedicated Relationship Manager.
- Professional investment management.
- Administrative support, including fulfillment of all accounting, reporting and legal requirements.
- Planned giving tools that support structuring, accepting and managing complicated gifts.
- Planned giving and endowment building courses.