Union City Community Foundation

Agency Endowments

Nonprofits need funds for current operations. They also need to plan for the future. An Agency Endowment within The Union City Community Foundation helps local charities create a long-term source of predictable income. The Foundation manages the assets and handles administrative aspects of the endowment which can include acceptance of complex gifts, such as securities and real estate.

In accordance with FASB 136, all agency endowments are classified as Foundation liabilities. They remain a corresponding asset within the nonprofit organization. This type of fund is not for operating reserves, but for true endowments. Foundation staff can then be available to encourage additional gifts to the endowment.

Donate now to a fund using your credit card.