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Asset Development involves working with communities and other stakeholders to explore ways of mobilising resources accumulating them and investing them as endowment funds to support sustainability of development projects.
Stakeholders such as companies, international NGOs and donors can participate and be involved as partners especially in instances where they have been or plan to be supporting community projects or the development of sustainability strategies.
For corporate companies, KCDF strives to work with them to explore alternative approaches to Corporate Social Responsibility (CSR) that are mutually beneficial to companies and communities. More specifically, how companies can support community projects is areas that they care about in long-term and sustained ways.
Funds permanently invested with the aim that only the returns are used for an identified development purpose. Endowment funds are invested in perpetuity for the benefit of present and future generations.
Having an endowment fund means that your organisation, community or project has permanent and ever growing source of income. You stop relying on others for funds and you undertake projects that serve your own priorities and not those of donors.
Sources of endowments are many and include the following:
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Community fundraising (Harambees)
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Direct contribution by community members
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Saving from income generating activities
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Constituency development and bursary funds
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Contributions by outside donors such a companies
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Membership fees
How does KCDF help you to set up an endowment fund?
As long as the fund is set up to benefit the wider community, KCDF is willing to help you set it up. Your fund is invested together with others.s
KCDF has set up a Trust, KCDF Trust, a body that works with the KCDF Board specifically to manage the endowment. The Trust has appointed three expert service providers as follows:
This is an investment expert who monitors trends on a daily basis to ensure funds are invested in well yielding instruments without speculation.
Fund Custodian: The custodian keeps endowment funds and other related documents in safe custody
Fund Administrator: The administrator keeps the books of accounts for the endowment, convene quarterly meetings for the KCDF Trust and monitors the activities of the Investment Manager and Custodian.
At the end of each year the return from your fund is declared and the portion due to you is given as a grant for your project. There are three main types of endowment funds. These are:
Community Fund >>>
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