Organizational Endowments Sustain Nonprofits

The Grand Rapids Area Community Foundation provides a home for permanent funds established by other nonprofit organizations as a way of providing for their own long-term sustainability. 

Like donor designated funds, organizational endowments return annual distributions to that organization while the principal continues to grow. Any nonprofit can enjoy the benefit of the Community Foundation's investment policies and practices for bequest gifts, or for funds set aside for long-term investment. Income from endowment is one way to diversify revenue.

 
Why it makes sense

 

Endowments are at the heart of our mission, so we’re a responsible choice for smaller organizations that want to concentrate on their missions. The Foundation has an impressive track record through its 21 years, making us a good partner for organizations of any size. Because all funds are commingled for investment, we offer to every organization the diversification of risk of a well-balanced $15 million portfolio. Rigorous attention to benchmarks and the close monitoring of funds, whether your assets are $25,000 or $2.5 million, are advantages we offer. 

Example of the Power of Endowment

Supporting an organization

Contributing to an organization’s existing endowment at GRACF is a way for individuals to invest — at any level — in that organization’s future. If you’re interested in establishing a new fund to benefit a specific organization, see donor designated funds.

 
Current organizational endowments at the Grand Rapids Area Community Foundation

 

Supporting Quality Health

Bigfork Valley Hospital Endowment

Grand Itasca Foundation Fund

Itasca Hospice Foundation

 

Supporting Safety and Peace

Advocates for Family Peace Endowment Fund

 

Supporting Corporate Giving

MDI Success at Work Scholarship Fund

 

Supporting the Arts

Edge Center Endowment

Grand Rapids Band Endowment

Itasca Orchestra and Strings Endowment

MacRostie Art Center Endowment

Reif Arts Council Endowment

 

Supporting Academic Excellence

Bigfork Lions Endowment

Grace Christian School Endowment

Northland Scholarship Foundation Endowed Fund

 

 

Supporting Community and Families

Bridges Kinship Mentoring Endowment

Children’s Discovery Museum Endowment

Deer River School Endowment

District 318 Endowment

ElderCircle Fund

Forget-Me-Not Foundation

Friends of the Forest History Center Fund

Grand Rapids Area Library Foundation Fund

Hill City Area Lions Community Fund

IEDC Endowment

Itasca County Habitat for Humanity Fund

Itasca County Historical Society Fund

Itasca Driftskippers Snowmobile Club Endowment

KOOTASCA Community Action, Inc. Fund

Delbert Mattson Second Harvest North Central Food Bank Endowment Fund

Minnesota Deer Hunters Association Endowment

MN Shooting Sports Education Center Fund

Nashwauk Area Endowment

Nashwauk-Keewatin Alumni and Friends Foundation Fund

Northern Community Radio Endowment

Remer Depot Endowment

Second Harvest North Central Food bank Endowment

Star of the North Lions Youth Fund

Wayne K. Mills Salvation Army Fund

YMCA Youth Program Endowment

Youth for Christ Endowment

 

350 NW 1st Ave, Suite E  | Grand Rapids, MN 55744  |  218-999-9100

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