Endowment funds within the Foundation provide organizations an established and stable source of income. The annual income from an endowment fund provides flexibility and another means to address their goals.
Publicly supported 501(c)(3) not-for-profit organizations may be particularly interested in an endowment fund when they want to:
Create a "foundation" for the 501(c)(3) without incurring the costs and delay of creating and filing organizing documents, applying for exemption with the Internal Revenue Service, filing separate tax form 990s, and meeting the public support test on an ongoing basis
Concentrate efforts on their charitable mission and benefit from the Foundation's expertise in long-term investment and management of funds
Transfer a board-designated or donor-designated fund to CICF to take advantage of the Foundation's historic earnings and growth of funds with low administrative costs
For more information, please contact our development team at 317.634.2423:
