A director at the Community First Foundation called it a sign of an improving economy, and an atmosphere more favorable for Colorado’s nonprofits.
Mike Jackson, Director of Nonprofit Relations and Services, referred to the nonprofit’s announcement of an endowment fund for Adam’s Camp. Community First Foundation was preparing to announce another endowment a week later, to Safe House Denver.
In the first half of January 2013, Community First Foundation established two endowment funds. In contrast, the organization created one during 2011 and four in 2012.
“We find it very exciting that we’re growing,” said Jackson. On Thursday, he said, “It highlights the rising interest and priority that organizations are making through endowment funds, especially as we come out of the economic downturn.”
Dana Rinderknecht, Manager of Online Giving, was optimistic as well. “Nonprofits are feeling safe enough to put money aside and build toward their future,” she said.
Adam’s Camp is a Denver-based nonprofit which serves children with special needs and their families. The 27-year old organization was founded by the parents and the physical therapist of Adam, a 5-year-old with cerebral palsy. It provides specialized therapy programs and recreational camps for children with special needs, along with support to their families.
Safe House Denver is the only agency in the city providing emergency shelter, nonresidential counseling and advocacy services to domestic violence victims.
Community First Foundation has 76 nonprofit endowment funds. While the organization is best known for its work with Colorado Gives Day, it has other ways of promoting Colorado’s nonprofits. Jackson said Community First began offering endowment funds in 2004. “It is a valuable investment option,” he added.
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