Jefferson Community Foundation offers two kinds of Agency Funds to offer nonprofits a simple and efficient way to invest their assets:
Agency Endowment Funds are held permanently at JCF and are invested in the long-term investment pool. They grow over time to ensure a lasting source of income for your organization. These are appropriate for organizations that are (a) confident in their current and ongoing ability to cover their annual operating budget, (b) seek to ensure their viability into the long-term future, and (c) have a significant base of major donors who would be willing to contribute to an endowment through additional gifts or estate plans.
JCF holds an account through which your agency’s fund benefits from investment into a $130 million pool held at Greater Tacoma Community Foundation. Being part of this larger pool gives your nonprofit the benefit of a diverse investment strategy, strong oversight the benefits of a diverse investment portfolio and low investment fees that typically come only with very large funds. Unlike investing via a major national corporation like Schwab or Fidelity, the fees you pay to JCF work to strengthen local nonprofit support services like workshops, trainings, etc.
JCF began offering Agency Stewardship Funds in late 2021 to provide a more effective pooled-investment opportunity to local nonprofit organizations who have significant reserves they don’t intend for use for 3- to 5-years or more. Agency funds are invested through JCF into a $160 million pool, which provides access to better investment opportunities and greater potential returns. The organization can have access all or part of their invested funds at any time upon a majority vote of their Board of Directors.
Agency Stewardship Funds at JCF:Olympic NeighborsJefferson Land Trust Northwind Art
Agency Endowment Funds allow nonprofit organizations to create a sustained pool of funds over time from which they receive an annual allocation. Endowments promote a message to the community of strategic, long-term fiscal stability, responsibility, and viability, which can enhance the organizations credibility and sustainability. Yearly fund payouts of between 3.6% and 4.3% reduce reliance on organization’s annual fundraising for meeting long-term goals.
Agency Endowment Funds at JCF:Rotary Club of Port Townsend Port Townsend Public Library Foundation JeffCo Historical Society Barbara Marseille Jefferson Community Foundation Fund
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EIN: 841682682Phone: (360) 385-1729
Mailing Address:PO Box 1394, Port Hadlock, WA 98339
Physical Location:63 Julian Street, Glen CovePort Townsend, WA 98368off Fredericks Street in Glen Cove