NPA 022: Starting an Endowment for your Nonprofit

In this episode I talk with Josh Brooks from The Enduring Charity Foundation. Josh talks with us about how he started a nonprofit that helps donors invest their funds into endowment funds that go towards charities they support. As it says on the Enduring Charity website, “we help donors become philanthropists.” Josh also talks with us about what an endowment is, why they are a good investment for an organization and if it is the right thing for you. What is an Endowment? Well, according to Investopedia, it is: An investment fund set up by an institution in which regular withdrawals from the invested capital are used for ongoing operations or other specified purposes. Endowment funds are often used by nonprofits, universities, hospitals and churches. They are funded by donations, which are tax deductible for donors. Josh also talks to us about what he believes are the foundations to successfully starting a nonprofit. In a nutshell, he talks about: Believing in what you are doing. Overcoming self-doubt. Strong leadership and planning. Mentioned in this Podcast 501c3go.com – can help you become a 501.c.3 Techsoup.org – a great place for affordable software for nonprofits Weebly.com* – a free, easy to use, website builder. How to Contact Josh Email: [email protected] Website: www.enduringcharity.org * This is an affiliate link. I have used, and love, Weebly.The post NPA 022: Starting an Endowment for your Nonprofit first appeared on Nonprofit Ally.