What is an Agency Fund?
Agency funds are investment accounts held at the Charlottesville Area Community Foundation and set up by a nonprofit organization for its own benefit. Your fund will be invested alongside the assets of the Foundation and our other fund holders and gain investment income over time. Your organization can then use the agency fund and income to build long-term assets or serve as a home for reserve funds. CACF serves as an intermediary to bring financial expertise, administrative support, and other benefits to help you make the most of your investment.
How would my organization benefit from an Agency Fund?
Agency funds are a secure, simple, and strategic way for your nonprofit to invest in its future by building long-term financial and organizational sustainability. Over 50 local organizations enjoy the following benefits of having their investments managed by CACF:
- Growth & Stability: While the funding landscape from private, charitable, and government entities continues to shift over time, your agency fund is irrevocably in the service of your organization.
- Development Opportunities: All Agency Funds are featured on the Community Foundation's Donate page, improving visibility for donors to make direct contributions to agency funds.
- Investment Value: By joining CACF’s nearly $300 million dollar endowment, you'll gain access to large, diverse investment pools with lower bank fees, as well as strong investment returns.
- Administrative Support: Our Finance Team expertly handles admin and accounting for donations made to your fund—including timely donor acknowledgements, complex assets, and planned gifts.
- Transparency & Access: Through our secure, user-friendly online fund management platform, you can conveniently access your monthly statements, transaction history, fund balances, and more.
- Mission Alignment: Your 1% administrative fee directly supports our mission, and helps us support the diverse ecosystem of nonprofits driving community-centered outcomes.
Where do I get started?
Interested in opening an Agency Fund at CACF? Check out our orientation slide deck below and email our Agency Fund Liaison, Kisha Bwenge, at kbwenge@cacfonline.org to set up a meeting for further discussion.
How can I get support?
For any questions concerning your existing agency fund, including Fund Advisor Portal Access, fund statements or investment performance, and more, please reach out directly to your Agency Fund Liaison, Kisha Bwenge. Book a 30-minute CACF Agency Fund Support or Overview call directly on Kisha’s calendar!