An Agency Agreement is a contractual agreement through which you delegate authority to JCB to act as agent for your organization, possibly for some specific purpose, such as investment management, or to generally manage the financial matters of your organization. As Agent for your organization we can safe keep and manage assets, conduct banking and other financial transactions, invest your money, collect income, pay bills, see to tax return preparation and prepare periodic financial reports for your review.

• Time
  Many times the directors or managers of a not for-profit organization are volunteers who are dedicated to the purpose of the organization. These volunteers are happy to give of their time and talents to further that purpose. By assigning the responsibility for many administrative tasks to JCB as your Agent, significant time is returned to your volunteer members to dedicate to your group’s real purpose.
• Continuity
  Benefits are also found in continuity of record keeping and reporting methods, as responsibility for these duties can remain with JCB on a longterm basis rather than passing to a new volunteer every year or two.
• Results
  Considering our expertise as investment managers, our constant monitoring of your assets and our access to a wide variety of investment vehicles, many organizations have found that the financial benefits of these arrangements more that pay the cost.
• Experience
  JCB is experienced in assisting with the financial affairs and general administration of not-for-profit corporations, private foundations, church foundations and endowment funds, cemetery perpetual care funds, charitable trusts and similar organizations. Our experience and knowledge of requirements for the successful and compliant operation of these organizations are often very helpful to their members.

As Agent, we are a fiduciary, required to act in the best interest of your organization, with strict standards of honesty, loyalty and candor. We keep accurate and complete financial records of activities and provide you with periodic accounting statements that include all transactions during the period as well as current asset values.

We provide the documents required to establish an Agency Agreement. You are welcome to have the document reviewed by your groups governing board, officers or attorney. We can use a customized agreement or document when that is appropriate.