Agency Funds

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Agency Funds

Nonprofit organizations work every day to meet critical community needs—but financial sustainability can be a constant challenge. An Agency Fund with the Peninsula Community Foundation of Virginia (PCF) provides your organization with a stable, professionally managed fund designed to support your mission now and into the future.

Agency Funds allow nonprofits to build reserves, strengthen long-term planning, and demonstrate fiscal stewardship to donors, boards, and partners.

What is an Agency Fund?
An Agency Fund is a charitable fund established for or by a nonprofit organization and held at PCF for the benefit of that organization. The fund is owned and managed by PCF so we do all the administrative heavy lifting - but it is designated exclusively to support your nonprofit in accordance with your charitable purpose.

PCF provides investment management, administrative oversight, and reporting—allowing your organization to focus on programs, fundraising, and making a difference.

Endowed vs. Non-Endowed Agency Funds
PCF offers two Agency Fund structures, depending on your organization’s goals and timeline.

Endowed Agency Fund

An Endowed Agency Fund is designed to provide permanent, long-term support for your organization.

How it works:

  • The principal (the initial setup gift and any future donations) is invested for long-term growth

  • A portion of the earnings that result from the investment is available annually for use by your organization.

  • The principal of the fund remains intact in perpetuity.

Best for organizations that want to:

  • Build a lasting financial foundation

  • Create an endowment without managing investments internally

  • Demonstrate long-term sustainability to donors and boards

  • Secure future operating or program support

Endowed Agency Funds are ideal for nonprofits looking to establish or grow an endowment while benefiting from professional management and oversight.

Non-Endowed Agency Fund

A Non-Endowed Agency Fund offers greater flexibility and access to funds, while still benefiting from PCF’s investment, management, administrative support and stewardship.

How it works:

  • Funds are invested, but the principal (the initial setup gift and any future donations)may be spent down over time  

  • Distributions can be made based on your organization’s needs

  • The fund can support short- or medium-term priorities

Best for organizations that want to:

  • Build operating reserves

  • Support strategic initiatives or capital needs

  • Smooth revenue fluctuations

  • Maintain flexibility while earning investment returns

Non-Endowed Agency Funds can later be converted to endowed funds if your organization’s goals evolve.

Why Establish an Agency Fund with PCF?

Partnering with PCF offers nonprofits meaningful advantages:

  • Professional investment management without added internal burden

  • Administrative support, including accounting, reporting, and compliance

  • Enhanced credibility with donors and grantmakers

  • Board confidence, knowing funds are stewarded responsibly

  • Local partnership, rooted in the Peninsula community

PCF works closely with nonprofit leadership to ensure your Agency Fund aligns with your mission, financial strategy, and long-term vision.

A Tool for Sustainability and Growth
Agency Funds are more than savings accounts—they are strategic tools that help nonprofits plan ahead, weather uncertainty, and invest confidently in the future. Whether endowed or non-endowed, an Agency Fund signals stability, foresight, and commitment to lasting impact.

Let’s Talk About What Works for Your Organization

Every nonprofit’s financial situation and goals are different. PCF’s team is here to help you explore whether an endowed or non-endowed Agency Fund—or a combination—makes sense for your organization.

Jennifer Brambley (CFO)  - jbrambley@pcfvirginia.org 

Adelia Thompson (CEO) - athompson@pcfvirginia.org

 (757)327-0862

 

Join Us In Our Story of Community Support and Service:

Whether you're looking to establish a fund, support a local cause, or partner with us to strengthen the Peninsula, we can help.