What is an Agency Endowment Fund?
An Agency Endowment Fund is established by a tax-exempt nonprofit organization to help them meet both their current and future financial needs. It allows an organization to reap the benefits of an endowment fund without the associated administrative burdens and costs. Through this type of fund, nonprofits build an endowment that is guaranteed to receive prudent stewardship and provide a lasting source of income. The nonprofit organization receives annual distributions from this type of fund for unrestricted use.
An Agency Endowment Fund provides a way for donors to give complex gifts such as stocks or life insurance to benefit the organization.
The Portage County Water Rescue Team (PCWRT) was founded in 2001 after the need arose in our County to have specially trained people to safely perform water rescues. The initial team started off with 5 Portage County Fire departments creating a group of 30 individuals trained in flooding, swiftwater, surface ice rescue, rescue diving as …
Historic South End Fund An Agency Endowment Fund The Historic South End Fund is an Agency Endowment fund set up through the Portage Foundation. This organization uses funds to continue the health, education, and economic opportunities for the Historic South End area of Kent, Ohio. One area of focus for the fund is the continued …