Send this article on endowments to everyone!

Hi, read David Miller’s article in this week’s issue of the Denver Business Journal. Then e-mail the link to everyone you know (staff, board members, volunteers, donors, other nonprofits).

Entitled The Power of Endowments, it clearly and succinctly makes the arguments about why your organization should establish an endowment:

  • It lasts forever.
  • An endowment gives you a steady stream of income.
  • You are better able to attract other donors.
  • Contributors are building a legacy.

This article provides great arguments when you are dealing with:

  • Staff or board members who would prefer to see all money go to programs now.
  • Funders who ask you why should they give you a grant when you have all that money in an endowment.

If you find you are still not convincing the skeptics, use David’s equation: 8-12=34. (You’ll have to read the article to see how this works).

Click here to read the article. Note: This article currently requires paid subscription to the Denver Business Journal, but editor Bruce Goldberg let me know that their content becomes available to everyone for free four weeks after the publication date. So if you don’t have a subscription, check back in a month–it’s worth it!

Janine Vanderburg

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One Response to Send this article on endowments to everyone!

  1. Heidi Baker says:

    (Wish I could read the full article easily, but the link requires a paid subscription to Denver Business Journal.)

    I don’t necessarily disagree with the principle of growing an investment, and I don’t really wonder, in addressing problems of poverty, what today’s program participants and the very-lowest-income world residents would have to say on this issue.

JVA welcomes your comments and feedback on all Nonprofit Street articles. While JVA will post all relevant comments, it will not post comments that are advertising products or services or those with obscenities. Leave a Reply

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