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