"Interest in endowments is soaring, as nonprofit organizations, healthcare systems, universities, and others seek to leverage the enormous transfer of wealth from generations that demonstrated high levels of philanthropy and civic engagement. This will be an essential resource for those with an interest in starting a new endowment or building up an existing fund: nonprofit executives, foundation managers, donors, etc. The content will be especially relevant for community foundations where organizational endowments are ...
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"Interest in endowments is soaring, as nonprofit organizations, healthcare systems, universities, and others seek to leverage the enormous transfer of wealth from generations that demonstrated high levels of philanthropy and civic engagement. This will be an essential resource for those with an interest in starting a new endowment or building up an existing fund: nonprofit executives, foundation managers, donors, etc. The content will be especially relevant for community foundations where organizational endowments are frequently held. It will become a standard reference book, sought by development professionals in medium and large nonprofit organizations who have been tasked with endowment building for their institution. A secondary audience will include donors who are asked to make gifts to endowments, trustees of private and family foundations, and educators who teach about philanthropy and fundraising at educational institutions or for professional development. The topic has perennial appeal yet much has changed and is changing: NextGen donors may prefer the flexibility of strategic reserves over the constraints on endowed funds; market fluctuations call investment strategies into question; and existential threats undermine the premise of "perpetuity." A quick scan of recent publications suggests that there has not been a comprehensive overview of endowments published since the changes brought about by the Tax Cuts and Jobs Act, the pandemic, and calls for social change. These have caused dramatic shifts: in donor behavior, market performance, and society's perceptions (good and bad) of endowed funds. A new publication will reflect these changes and provide examples for attracting new kinds of assets like Cryptocurrency when building endowments. This book lends itself to use as a textbook--whether in "Endowment Building Institutes," an academic setting, or for board members or an AFP chapter"--
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