Building financial strength for your organization
Nonprofits large and small across our region trust the Community Foundation to manage funds on their behalf. An agency fund is a simple, efficient way to build reserves and long-term sustainability, while we handle the investing, administration, and compliance so you can stay focused on your mission.
Two kinds of agency funds
You can choose permanence, flexibility, or both.
Endowed Agency Fund
Creates a permanent source of funding. Assets are invested and held forever for your organization's benefit, producing annual spendable income. An endowed fund can also fulfill a donor's wish to support your organization for generations, without your board or staff having to manage a portfolio.
Best for: organizations building an endowment
Minimum to establish: $25,000
Flexible Agency Fund
Lets organizations with sufficient operating capital seek long-term investment returns while keeping access to principal. It works well for unrestricted assets you may want to use for special projects and initiatives.
Best for: reserves you may need to draw on
Minimum to establish: $10,000
Benefits for your organization
Peace of Mind
Your charitable intent will be honored over time.
Ease and efficiency
Focus on your mission rather than on investment management.
Experienced investment oversight
Access a professionally managed endowment portfolio that follows strict investment practices.
Hassle-free distributions
Receive distributions on the schedule you choose, with 24/7 online access to statements, balances, and history.
Board education
Request an annual presentation from our team to educate and update your board.
Ongoing support
Count on our help with complex and planned gifts, and invitations to Community Foundation events.
Nonprofit Testimonials
"The Virginia Higher Education Fund endowment at the Community Foundation shows our Board of Directors' commitment to sustainability. Our investment in building a long-term philanthropic resource to support operations is an investment in the future of hundreds of struggling, underserved students in Richmond and the counties we serve, with an emphasis on single mom households”
Rose Giles
founder and CEO of the Virginia Higher Education Fund
“For over 20 years, Senior Connections has partnered with the Community Foundation through an Agency Endowment. The security and growth of the fund has been an integral part of expanding programs for a changing older adult population, and our donors also appreciate the Foundation’s reputation for responsible management and commitment to Richmond.”
Amy Strite
Executive Director, Senior Connections
Local Nonprofits with Agency Funds
We are proud to support these organizations, and many more.
Central Virginia
- Boys and Girls Club Metro Richmond
- Capital Region Land Conservancy
- CARITAS
- City Singers Children’s Choirs
- Family Lifeline
- First Things First of Greater Richmond
- Friends Association for Children
- Friends of the Virginia State Archives
- Greater Richmond SCAN (Joan M. O'Donnell, Esq. Endowment Fund)
- The Innerwork Center
- Maggie L. Walker Governor's School For Government & International Studies Foundation
- Mecklenburg Scholarship Association
- Partnership for the Future
- Peter Paul Development Center
- Richmond Habitat for Humanity
- Richmond Nativity Pageant
- Southside SPCA
- Senior Connections
- Sports Backers
- Sussex Education Foundation
- United Way of Greater Richmond & Petersburg
- Virginia Council on Economic Education
- Virginia Higher Education Fund
- Virginia Supportive Housing
- Visual Arts Center of Richmond
Affiliate Region
- Boys and Girls Club of the Northern Neck
- Mathews Memorial Library
- Garden Club of Gloucester
- Mathews Boys and Girls Club
- Rice’s Hotel/Hughlett’s Tavern Foundation
- The Rosewell Foundation
- Steamboat Era Museum at Irvington
- Youth Club of Lancaster County
Looking for grants or capacity building support? Visit our resources for nonprofits.
Connect With An Expert
We’re here to help you make an impact. Let’s connect and explore the possibilities.