Our association with the Community Foundation of Snohomish County
For safety, financial growth and operational efficiency, the Monroe Community Senior Center (MCSC) has a written agreement with The Community Foundation of Snohomish County to professionally manage donations to the MCSC’s Legacy Fund.
This allows the MCSC to concentrate on developing strong, personal relationships, while using The CFSC’s financial expertise to ensure and grow the security of the principal.
The Community Foundation of Snohomish County is a 501(c)(3) public charity established in 1993. In 2007, the CFSC is managing nearly $7,000,000 in assets.
Support that you direct to the MCSC Legacy Fund are held by the CFSC as a “designated agency endowment.” The endowment is like a savings account in which the principal is invested for the purpose of earning income. Any earnings not spent are rolled back into the principal, further helping the fund to grow over time. The principal is intended to maintain or increase its value, while income from the account is intended to be used for Senior Center programs, activities and operations.
The primary benefit of the Legacy Fund endowment held by CFSC is its permanence and growth, which can provide long-term support for the MCSC and its vital community work.
If you want to know more about our relationship with CFSC, please contact MCSC Executive Director Jacob McGee at (360) 794-6359, or by email at email@example.com