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
Trust & Confidence
Enhanced Fiduciary Oversight
Speed & Convenience for Donors
Low Tiered Annual Fee Structure
Flexible & Accessible Funds
Peer Nonprofit Fund Holder Community
Establishing an endowment is easy
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.
Responsibilities for endowment funds
The Foundation will...
Your organization will...
Nonprofit endowment funds at the Foundation
Frequently asked questions
How are our assets managed?
The Foundation’s pooled investments are managed by Graystone Consulting. Graystone is a California-based outsourced investment manager, backed by the global resources of Morgan Stanley (which has a Santa Fe office).
What are the fees to maintain a fund?
All funds follow a fee structure to cover administrative costs and support Foundation services. There is an annual fee of 1.0% and a one-time fee of $250 to set up a fund.
What is the minimum balance to establish a fund?
The minimum balance to start an agency endowment is $10,000.