New direct assessment management relationships allow fund holders to choose the investment advisors they prefer. You may give visibly or anonymously. There is no greater encouragement for others to give than to see what others have given. Grants can be made in your name, and your gifts will be publicly acknowledged. Or if you prefer, all activity from your fund will be kept anonymous.
Administrative costs are low.
Because the Foundation is a nonprofit institution, administrative costs are low. Moreover, an administrative endowment covers the costs for the unrestricted endowments so more dollars can go toward making grants. There are many ways for individuals, families, companies and private foundations to establish a fund at the Greater Lowell Community Foundation. The arrangements usually can be made during one meeting, with funds being governed by a clear and brief agreement. You can establish a fund right now or later during your life.