Establishing an endowment with Community Foundation Tampa Bay offers several key advantages:
Long-Term Financial Stability: By investing in an endowment, you create a perpetual source of funding for your designated cause or nonprofit(s), allowing them to plan and execute programs with greater confidence.
Sustained Impact: Endowments help ensure that your cause or nonprofit of choice can maintain its mission, even in times of funding fluctuations.
Professional Management: Our investment team manages your endowment, allowing you to benefit from professional investment strategies and oversight.
Preservation of Capital: With a targeted return of 7% and a modest administrative fee, your endowment is structured to grow over time, preserving its purchasing power.
Endowment funds are intended for perpetual asset growth, invested to enhance their value over time. We target an annual average return of 7% of the invested funds. This target helps ensure that the endowment grows in real terms and continues to support your organization or cause of choice well into the future. By partnering with Community Foundation Tampa Bay, you can set up an endowment that not only supports your favorite causes or nonprofit organizations today but also strengthens their ability to thrive well into the future and ensures their lasting legacy.
Community Foundation Tampa Bay manages your endowment by integrating the funds into a high-performing investment pool overseen by our experienced financial team. Or, your endowment can be managed by a trusted advisor of your choice through an Individually Managed Charitable Account. Endowment funds aim to preserve the principal by adhering to an annual distribution rate. Each year, your designated nonprofit organization (or those within your field of interest) receives an annual distribution from the endowment, which is calculated according to our spending policy. Currently, our policy allows for a distribution rate of around 4-5% of the endowment’s average value depending on market projects for the year.