Setting Up a Fund
Ready to put your ideas into action? In three simple steps, your organization can begin its charitable journey with WCF.
Step 1: Decide on investment amount
We accept a variety of assets – both current and through planned giving, including cash, real estate, wills and revocable trusts and much more. Agency funds can be established with a minimum gift of $10,000.
Step 2: Determine the longevity of the fund
An agency fund can be endowed or non-endowed.
An endowment means WCF invests the capital and provides your organization with an annual income from the fund, dependent upon investment market performance. The initial investment remains un-touched, ensuring that your gift is a permanent source of funding for your organization to use according to your guidelines.
A non-endowed fund utilizes your donated capital in its entirety. It does not generate interest over time because it is not incorporated into one of our investment pools. When all of the capital has been administered according to your guidelines, the fund ceases to exist.
Step 3: Contact our staff
Once your organization has reviewed a sample fund agreement, contact us. We look forward to exploring the possibility of establishing an agency fund with your organization at the Wichita Community Foundation.