The Community Foundation of Greater Fort Wayne is challenging all nonprofits that hold endowment funds at the Community Foundation to raise money for their endowments! The Community Foundation will match any gifts that are contributed to eligible funds by 20% and the top-raising organizations in each of our giving areas will receive a surprise unrestricted gift from the Community Foundation on #GivingTuesday, December 3, 2019.
Starting October 29 until November 24 @ 11:59 pm you can donate to any nonprofit’s endowment listed above and help them win a surprise gift from the Community Foundation on Giving Tuesday!
What is #GivingTuesday?
#GivingTuesday is a global day of giving fueled by the power of social media and collaboration. Celebrated on the Tuesday following Thanksgiving, #GivingTuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving.
What is an endowment?
In short, an endowment is designed for permanency and long-term sustainability. This is typically achieved by preserving both the original contribution(s) and any subsequent contributions that are then invested for long-term growth. Generally these funds are held by a qualified nonprofit organization or foundations as designated by the original donor(s). An endowment can grow through ongoing contributions and positive investment returns. A percentage of the earnings are used to advance the organization’s charitable mission.
Why should I donate to my favorite nonprofit’s endowment for #GivingTuesday?
There is instability in government grants, the transfer of generational wealth and tax laws changing, sot it’s important for a nonprofit to have a long-term sustainability plan. Nonprofits are doing such vital work and improving lives in our community, and we at the Community Foundation want to be a resource to help them in becoming sustainable for the long-term, a piece of which is endowment building.
Help your favorite nonprofit be sustainable for the future. Donate to their endowment today!