Building Endowment: The New Normal for Not-For-Profits with Pete Waldron

Pete Waldron is the President of The Catholic Foundation of Eastern Pennsylvania, a non-profit that focuses on building and managing endowment funds. He has over 35 years of experience leading corporate citizenship, marketing, communications, and philanthropy efforts.

Pete started his career in the newspaper industry before pivoting to public service as an appointed government official. He later landed a sugary-sweet consulting job in the candy industry with The Hershey Company before taking on a corporate affairs post at a wholesale petroleum company.

Here’s a glimpse of what you’ll learn:

Pete Waldron talks about why endowment funds should become the new normal for non-profits.
What an endowment fund is all about.
The difference between a quasi-endowment and a true endowment fund.
What a typical endowment spending policy looks like.
Pete talks about the link between planned giving and developing a true endowment fund.
How to prepare for an endowment fund even if you have limited resources.
Where to begin your endowment fund building process.

In this episode…

Generating revenue has been on hold for a lot of non-profits since the COVID-19 pandemic hit the globe. But as the world slowly begins to reopen, President of The Catholic Foundation of Eastern Pennsylvania, Pete Waldron says non-profits that don’t have a long term investment in a true endowment are going to continue to struggle, and sadly, may have to close their doors. To stem the tide and create a bedrock of financial stability, non-profit organizations should consider building endowment funds as part of the new normal.

Find out all about endowment funds and why Pete says your non-profit organizations should normalize building one on this episode of Philanthropy212 Podcast. Stay tuned.

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This episode is brought to you by Philanthropy212, a fundraising consulting company focused on helping not-for-profit organizations build sustainable practices and programs that raise more than just money.

Philanthropy212's founder, Penny Cowden, has 25 years of experience in the industry and has helped raise more than $100 million for non-profits such as PeaceHealth, Sisters of Charity, Inova Health System, Banner Health System, and Sun Health.