Nonprofits learn endowments are key to sustainability

VERO BEACH — Ninety nonprofit leaders and volunteers attended a workshop on May 12 aimed at clarifying the purpose and role of endowments for charitable organizations. Northern Trust and Dean Mead sponsored the workshop, which was hosted by The Indian River Community Foundation.

“Endowments can be a mystery for nonprofits, especially the smaller organizations,” said Kerry Bartlett, the Indian River Community Foundation Executive Director, “but when they are established with clear intent and fiscal integrity, they play an important role in creating long term sustainability.”

To emphasize these points, Marguerite Griffin, national director of philanthropic services for Northern Trust, reviewed endowment trends shaping the nonprofit sector and Jane Dunlap Callahan, of Dean Mead, discussed the details of how to build an endowment.

Matthew Stover, Executive Director of the Atlantic Classical Orchestra, was among the attendees. He said workshop provided insight into the rapidly changing field of development and fundraising.

“It is important nonprofits begin or increase the scope of their endowments to help sustainably diverse income streams,” Stover said.

The Indian River Community Foundation is a neutral nonprofit organization with a mission to improve the local community through donor-driven philanthropy.

For more information contact Kerry Bartlett at (772) 492-1407 or [email protected]

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