If your nonprofit hasn’t starting building an endowment yet, here’s why you should think about getting started now:
- An endowment helps build financial stability; protecting your organization from economic downturns.
- An endowment can create a steady stream of income that covers expenses not normally covered by other funding sources.
- An endowment can provide emergency funds during hard times; an alternative to lines of credit.
- An endowment can be a tool for growth; providing seed funds for new projects or ventures that further the mission of your organization.
- An endowment attracts donors who desire to have a long term impact.
Tre provides grantwriting, development consulting, and strategic planning services that can help you get started building an endowment to help donors increase the impact of their giving and provide a longterm source of income for your organization.
