Idaho Community Foundation Update

The following are answers to questions that I have received from individuals. I am going to start at the beginning and take you through the learning process that I went through.

How Do ICF Agency Funds Work?

Agency funds are endowed accounts established by nonprofits to provide themselves with annual long-term support. It is a charitable savings account. 

Assets are invested and a small portion (currently 4.5%) is available for annual distribution to the charities board to use in any way they deem appropriate.

Minimum to start a fund:

$50,000, which can be pledged over 5 years

Management fees are approximately .75%

Distribution Process

Distributions are made automatically made in mid-March. The agency (CAL) may request that their distribution remain invested in the fund on any given year.