Nonprofit Agency Funds
Preserve your organization through the Maine Community Foundation
Nonprofit organizations can transfer an existing endowment or other long-term fund to the Maine Community Foundation. An nonprofit agency fund is a simple and effective way to take advantage of the foundation’s professional investment management services while building a source of funding and promoting sustainability for your nonprofit. When your organization partners with MaineCF, you:
- Participate in a diversified investment pool with total assets under management of approximately $530 million
- Join more than 250 nonprofit organizations, school districts, and municipalities that have entrusted their endowments and other long-term funds to the foundation
- Get investment oversight from a dedicated investment committee composed of financial and business professionals, each with extensive experience in the investment and financial services industries
- Associate with a nationally regarded foundation whose only “business” is philanthropy.
Nonprofit organizations are critical providers of social and educational programs for Maine. The state benefits from having organizations working on a broad range of issues, from improved health care and affordable housing to education, environmental protection and artistic expression. The Maine Community Foundation is proud to be a resource -- for ideas, grant support, investment oversight, and bringing people together -- for organizations whose collective mission is to make a difference in the lives of people of all ages and of all backgrounds.
Agency funds are a way for other nonprofit organizations to take advantage of the foundation’s investment management services. The vast majority of component funds managed by MaineCF participate in a pooled investment portfolio, including agency funds held on behalf of other nonprofits. This pooling of funds provides a level of diversification that is difficult to recreate and access to several investment options that are generally not available at lower asset levels.
In addition, MaineCF’s commitment to oversight and stewardship of charitable assets reassures current board members as well as prospective donors that the nature and intention of a donor’s gift will be preserved and honored.
Visit our agency nonprofit fund photo gallery to see more nonprofits whose endowments or long-term funds are managed by the Maine Community Foundation.To learn more about agency nonprofit funds at the Maine Community Foundation or to arrange a meeting, please contact Liana Kingsbury by e-mail or by phone at 207-412-0834.
