The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
An unrestricted endowment is a tool that communities can use to take full advantage of long-term investing to sustain and enhance our hometown. In general, “an endowment is a permanent fund whose assets are invested to generate income to be used by the beneficiary nonprofit organization.” An unrestricted endowment means that the donor has given the affiliated fund the power to choose how the proceeds from the endowment are spent – it’s a discretionary asset. Discretionary assets provide the resources community needs to be innovative, entrepreneurial, responsive to change and successful.
If your community or organization had $50,000 to invest in community priorities, how would you use it? Would you invest in new computer equipment for the library? Provide a subsidy to ensure every child has access to high quality affordable day care? Provide scholarships to non-traditional students working to enhance job skills? Fund technical assistance and training for new businesses?
Now imagine your community has $50,000 a year every year forever to invest in community priorities. What sustained difference could you make in your town? Maybe you could do all the things cited above, many for more than one year, and begin to make your hometown significantly more vital. A $1 million unrestricted endowment could generate nearly $50,000 each year to invest in your community. Most Nebraska communities have the potential to raise an unrestricted endowment much greater than $1 million.
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Late in 2013, following the death of an anonymous donor who had lived in the area for many years, the Byron Community Foundation Fund received an unrestricted gift from the sale of a quarter section of land located in Kansas. This enabled the Fund to begin building its new community center much sooner than anticipated.Read more →