New opportunities for longterm CBO sustainability
Forever Lancaster helps your organization continue to improve Lancaster County—permanently. It’s a way to turn your ideas into action and your passion into legacy. In 2019, we’re thrilled to share ways for Community Benefit Organizations to benefit even more from an endowment with the Community Foundation:
New lower fees
Starting 1/1/2019, the fee for Organizational Funds held at the Community Foundation have been dropped from 1.0% to .80% for investments up to $1 million. All fees support the locally-focused work of the Community Foundation and support ongoing impact including strategic grant investments, Extraordinary Give, and Forever Lancaster.
A new option for socially-minded investors, our ESG Investment Pool invests specifically in companies that have a positive tilt towards Environment, Social and Governance best practices. The pool includes investment in companies that commit toprinciples like using renewable energy, paying a thriving wage, or having a Board with significant female leadership.
CBO FLEX Fund
For those organizations interested in having a flexible spending fund (fully accessible to your nonprofit organization invested through the Community Foundation), we have created the Flex Fund. This fund is for those nonprofits that have an Organizational Fund of at least $50,000.
New CGA Rates
For those of you who have donors interested in creating a charitable gift annuity (CGA), rates increased on July 1, 2018 for the first time since 2012. The Community Foundation follows the guidelines from the American Council on Gift Annuities and subscribe to best practices for CGA administration.