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Endowment Funds
Establish a fund
Why establish an endowment fund?
There are many unique benefits for nonprofits that establish an endowment with the Foundation:
Consolidated Investment Management
Your endowment joins an investment pool, permitting you to invest in a wide range of income-producing funds. Consolidated investment management provides lower administrative costs through economies of scale.
Trust & Confidence
Our trusted, experienced management team inspires confidence with potential donors; you save time and money by not hiring an endowment specialist.
Enhanced Fiduciary Oversight
Fiduciary oversight of the management of the funds by the Board of the Foundation working in conjunction with its Investment Committee. We provide quarterly and calendar year reports.
Speed & Convenience for Donors
This can be especially important for year-end contributions and situations when stock or real estate is being sold and time is of the essence.
Low Tiered Annual Fee Structure
1% of the fund market value on the first $1 million, 0.75% on funds held up to $4 million and 0.50% on the amount above $4 million. The fee is assessed quarterly.
Flexible & Accessible Funds
Flexible policy that permits agencies, exercising prudent judgment, to access funds for special needs such as a new building, computer equipment or one-time expenses.
Expert Advice
Access to consultations with the Foundation’s development staff.
Peer Nonprofit Fund Holder Community
Participation in convenings of your peer Agency Endowment Fund holders where the Foundation will explain and discuss its investment overview.
Establishing an endowment is easy
01. Consultation
Your Board of Directors and staff of Santa Fe Community Foundation meet to discuss establishment of an agency endowment.
02. Board decision
Your Board votes to take action to open an agency endowment.
03. Fund agreement
Your Board officers or authorized staff sign an agency agreement with the Santa Fe Community Foundation.
04. Transfer funds
Funds are transferred to the Santa Fe Community Foundation for the endowment.
05. Start receiving payments
You receive yearly payments. Those payments may be made directly to the organization or reinvested to build the endowment. You can change whether you want for your payments to be distributed to your agency or reinvested. Simply send the Foundation a copy of the Donor Agency’s board meeting minutes where the decision was made to ‘turn on’ or ‘turn off’ annual distributions.
OUR partnership
Responsibilities for endowment funds
The Foundation will...
- Provide consultations with the nonprofit’s development staff and invite Executive Directors and Board Chairs to convenings of Agency Endowment holders.
- Provide information on endowment management at the Foundation and provide professional oversight of investments.
- Make planned giving services available, including providing planned gift language for nonprofit publications.
- Automatically establish a side-by-side “designated” fund that individual donors may use to make endowment contributions that will benefit the agency.
- List the fund on the Santa Fe Community Foundation website, with a description of the fund and the ability to accept on-line contributions to the fund.
Your organization will...
- Ensure that both the board and staff of the nonprofit take responsibility for endowment fundraising.
- Make one-on-one asks, seek multi-year pledges, use matching funds as a leveraging tool to secure bigger gifts and find naming opportunities for larger gifts to the endowment.
- Promote planned giving in newsletters and other mailings.
- Combine requests for operating funds and endowment building in remittance materials. Some nonprofits designate that a percentage of every gift automatically flows to the endowment.
- Identify and contact donors for one-on-one asks, matching funds, and planned gifts.
- Refer donors to the Foundation’s website (www.santafecf.org), where online donations can be made to the endowment.
Nonprofit endowment funds at the Foundation
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- ARTsmart General Endowment Fund & ARTsmart NM 2022 Endowment FundARTsmart General Endowment Fund & ARTsmart NM 2022 Endowment FundA
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- David C Buckland Designated Endowment Fund for the ArtsDavid C Buckland Designated Endowment Fund for the ArtsD
- Dorothy C. Totten Fund for Taos Pueblo Youth ProgramsDorothy C. Totten Fund for Taos Pueblo Youth ProgramsD
E
F
- Frances Filley McPheeters Fund for the Santa Fe Garden ClubFrances Filley McPheeters Fund for the Santa Fe Garden ClubF
- Friends of the City of Las Vegas Museum Agency FundFriends of the City of Las Vegas Museum Agency FundF
- The Food Depot Agency & Designated Endowment FundsThe Food Depot Agency & Designated Endowment FundsF
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- Helen S. Keller Fund for Northern New Mexico LibrariesHelen S. Keller Fund for Northern New Mexico LibrariesH
I
J
- Jewish Community Council of Northern New Mexico Cemetery Project FundJewish Community Council of Northern New Mexico Cemetery Project FundJ
K
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- Lewis Corcoran Fund for Partners in Education & SFPSLewis Corcoran Fund for Partners in Education & SFPSL
M
N
- National Audubon Society Randall Davey Center FundNational Audubon Society Randall Davey Center FundN
- Noah C. Rodriguez Fund for Excellence in Teaching for SFPSNoah C. Rodriguez Fund for Excellence in Teaching for SFPSN
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- Olympia Garcia de Duran Fund for Catholic Social ServicesOlympia Garcia de Duran Fund for Catholic Social ServicesO
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Q
R
S
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- The Santa Fe Civitan Club Fund Supporting Development DisabilitiesThe Santa Fe Civitan Club Fund Supporting Development DisabilitiesT
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FAQ
Frequently asked questions
How are our assets managed?
What are the fees to maintain a fund?
What is the minimum balance to establish a fund?