The Alaska Communiity Foundation

Agency/Organization Funds Frequently Asked Questions


What is the purpose of an agency/organization fund?
These funds provide a long-term, dependable source of operating revenue to nonprofits and are traditionally created by the organization itself.
Why set up an agency/organization fund?
Can the nonprofit dissolve the fund if there is an emergency?
Is fundraising for an agency fund permitted?
When can a nonprofit start receiving disbursements?
Do grants have to be made every year from an agency fund?
What happens if the nonprofit ceases to exist or runs into trouble?
How does a nonprofit make recommendations for its fund?

Fund Spotlight:

A professional association

Charitable support is not just for corporations, but also for professional associations, as evidenced by the Anchorage Air Cargo Association. When their friend and co-worker (Jim Snead) died, association members established a fund in his honor. Today, the fund supports the efforts of individuals studying transportation or international business.