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Building Endowment

July 14th, 2014 Back to Browse Stories


The recent economic upturn has made it possible for more nonprofits to prioritize their long-term financial destinies by building endowment with the Community Foundation. A total of 189 organizations are working with us to safeguard their futures with the permanently endowed financial resources needed to weather challenging times when they occur.

One of the newest agency endowments benefits the Northville District Library. The library has been a treasured landmark and civic resource since 1889, and has kept pace with the evolving information and educational needs of its community ever since. Today, donors can support the library by making contributions to its new endowment — or they can create their own funds to benefit the library in memory of a loved one or to advance the part of its mission that means the most to them.