10 Readiness Factors Is an Organization Ready for an Endowment?
- Outstanding performance, including a track record of adapting to changing needs in its field over time
- Strong leadership and experienced management
- A history of at least one successful leadership transition and board succession
- An active and diverse board that truly governs the organization
- Financial stability during several previous years, with income at least equaling expenses
- Fiscal accountability, with annual outside audits
- A diversified base of support
- Evidence of board and staff commitment to pursuing an endowment strategy
- Sufficient staff and other capacities to conduct an endowment campaign, to manage an investment program, and to continue raising core and project support
- The potential to raise matching support from other donors
Takeaways are critical, bite-sized resources either excerpted from our guides or written by Candid Learning for Funders using the guide's research data or themes post-publication. Attribution is given if the takeaway is a quotation.
This takeaway was derived from Providing for the Long Term.
