Nonprofit Endowment Capacity Building Cohort
Goal is to Launch (or relaunch) an Endowment, then build your endowment
Members of the Nonprofit Endowment Cohort meet over six months. Yampa Valley Community Foundation staff supports the group and facilitates its meetings.
Our goal is that by the end of the program, your organization will have created and implemented a plan that includes the solicitation, marketing, and stewardship of endowment and legacy gifts. This training will be offered to organizations that house an endowment fund, are interested in creating an endowment at the Foundation, and are ready to promote a culture of endowment giving through current or future gifts.
We will limit the cohort to ten organizations. Our 2021 session is full.
Commitment requires one staff member and one board member dedicated to the program. There is no cost to participate. All meetings will be virtual until hopefully, we can meet in person (at least for the graduation party!). Participants should plan to attend all sessions (sessions will be recorded).
Orientation / Introduction to Endowments – Tuesday, January 19th, 2021
Details: This training ensures that everyone (one board member and one staff member) understands thoroughly what this cohort program will cover in the next six trainings. We will answer the following questions: What is an endowment? How does it benefit your organization? Why we are talking about legacy giving and the connection between legacy giving and building endowments?
The Case Statement: Your Role as an Essential Community Organization/
Overview of Common Types of Planned Gifts – February 9th, 2021
Details: In this session, you will identify the purpose and the impact of your organization. You will be able to explain why it is important that your organization should still be in operation in 50 -100 years. This session provides the space to determine why your organization is a valuable community asset. Part two of this session will focus on common types of planned gifts such as Bequests, Wills, and Trusts. We will discuss life insurance and retirement funds as well as ways to help our shift donor views from giving cash to appreciated assets.
Marketing, Communications and Donor Stewardship, and Prospecting – March 16th, 2021
Details: In this session, we will discuss the importance of marketing your legacy society. We will help you use the channels of communication that you are already implementing to spread the word. Donor stewardship is key in the success of a planned giving program. In part two of this session, we will discuss strategies to honor donors and facilitate meaningful relationships. We will also help you find the people who care deeply about your organization and are prime to join your legacy society. Secret – you probably already know them!
4. Gift Acceptance and Endowment Building Policies – April 13th, 2021
Details: When you start to receive legacy gifts, your organization is going to be offered gifts that you haven’t be offered before. How do you know what gifts you can accept or may not be able to accept? In this session, we will discuss the importance of creating a gift acceptance policy. We will discuss how the board should be involved in this process as part of their board governance. Part two of this session will allow your organization to focus on a plan to have the discipline and long-term vision to create an endowment plan.
Presentations by participating organizations: Sustaining the Momentum to Build Your Endowment and Ensure Your Mission for the Future – May 18th, 2021
We will bring it all together! In this session, you will present your work to the group and receive ideas and feedback as you move forward.
- Cohort Completion Celebration! June 15th, 2021
Congrats 2021 Graduates!