We know that establishing a stable stream of income is vital to the success of a nonprofit.

It's hard to estimate what types of fluctuations will occur over time, be it due to the market or tax law changes. One way to manage those highs and lows is by establishing a nonprofit endowment fund.

To provide you, our nonprofit partners, with insights on fundraising tools like endowment funds, the Saint Paul & Minnesota Foundation has created a toolkit designed to help you start, and grow, an endowment.

The new digital endowment toolkit walks your executive, development and finance staff through the steps and processes that go into creating or growing your endowment.

In our first module, we discuss:

• What an endowment is
• Why they’re important
• What to consider when establishing an endowment
• How our foundation can support you in the process

For many of our endowment holders, this will be a refresher. We encourage you to share this first module among your colleagues, especially if they are considering an endowment.

In addition to the video modules, our expert staff will also compile a list of resources to assist you in developing your endowments and planned giving programs. Our hope with the new digital toolkit is to provide you with the tools you need to build capacity and sustain your work for generations to come.

Next year, be on the lookout for more modules providing tips on how to grow your endowment and how to get the most out of planned giving.

To learn more about the digital endowment toolkit, or how you can achieve stability and longevity through an endowment, visit our nonprofit endowment resources.