Philanthropy builds community and changes lives. East Texas Communities Foundation supports philanthropy by offering simple ways for donors to achieve their charitable goals.
FREQUENTLY ASKED QUESTIONS
Nonprofit organizations and their supporters can establish a permanent endowment fund to support a charity in perpetuity, which provides several advantages over an investment account at a brokerage firm. An endowment fund sends the message to the community that an organization is building for the future. The fund can be established by the organization or by an individual donor for the benefit of a specific nonprofit.
A non-permanent fund may allow use of principal or can be removed from ETCF based on restrictions established by the original donor.
There is not a minimum to open a fund at ETCF.
ETCF charges a nominal fee for managing an endowment fund. The fee is as follows:
1.0% on the first $500,000
.75% on the next $500,000
.50% on the next $2,000,000
.25% on the balance over $3,000,000
Organizations can set a spending policy that matches their needs and investment strategy. Please contact our staff at 866-533-3823 to discuss options specific to your organizations needs.