At Community Foundation Tampa Bay, endowments are one of the most powerful ways we support nonprofits today while strengthening our community for the future.
An endowment is a fund that is invested over time, with a portion distributed each year to support a nonprofit’s mission. It creates a reliable, long-term source of funding that helps organizations sustain and grow their impact.
More than $174 million in endowed funds are invested through the Foundation to support the long-term sustainability of Tampa Bay nonprofits. This year alone, those funds are distributing nearly $7 million to local organizations, helping sustain the programs and services our region depends on every day.
These funds are more than numbers. They represent long-term commitments to organizations doing critical work across Tampa Bay, from education and healthcare to the arts and human services.
Bay Area Legal Services offers a strong example of how endowments can grow and sustain impact over time. Its first endowment at Community Foundation Tampa Bay was established in 1993. Since then, six additional funds have been created, including a recent endowment honoring Richard (Dick) C. Woltmann’s 43-year tenure as President and CEO.
“We have entrusted the Community Foundation with ensuring that we can continue to serve our community for generations to come. We are grateful to them for hosting these critical funds and uplifting people in need in our community.” – Joan Cain Boles, President & CEO, Bay Area Legal Services
A Lasting Source of Support
Because endowments are designed to provide steady, ongoing funding, nonprofits can plan for the future with greater confidence and stability.
For donors and fundholders, it is a meaningful way to create lasting impact and ensure the causes they care about continue to thrive.
“Endowments are about legacy. They have the ability to transform generosity into something that continues to grow and give back forever. In our Tampa Bay community, that means creating enduring support for nonprofits and causes that will shape our region not just for today, but for generations to come.” – Jesse Coraggio, Chief Impact Officer, Community Foundation Tampa Bay
Growing Impact Through the Endowment Match
Each year, Community Foundation Tampa Bay offers an Endowment Match opportunity to help nonprofits build or grow their endowment funds.
When a donor or nonprofit establishes a new $100,000 endowment, the Foundation contributes an additional $25,000. This match helps accelerate long-term sustainability and increases the funding available to support their mission.
Investing in the Future of Our Community
Endowments are a simple but powerful idea: invest today to create impact for years to come.
As we continue to grow these funds, we are strengthening the long-term health of the nonprofit sector and expanding what is possible for our community.
Learn More About Endowments
Interested in starting an endowment for a nonprofit or learning more about our Endowment Match opportunity? Learn more here or reach out to Denyve Boyle, Associate Vice President of Philanthropy, at Community Foundation Tampa Bay. She can be reached by phone at (813) 609-4868 or via email at dboyle@cftampabay.org.
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