For good. For ever. SM. t w a h is a community foundation?

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Presentation transcript:

For good. For ever. SM

t w a h is a community foundation?

We are a nonprofit, community corporation created by and for the people of the City of Wyoming. We are here to help our donors do good work… forever.

We have three special features that make community foundations unique.

Endowment grantmaking feature one › Invest and protect gifts, always growing the endowment principal › Build permanent community capital › Distribute earnings via grants based on 5% spending rule › Monitor community needs from arts to economic development › Direct grants and resources to greatest needs › Support high-impact opportunities Building a permanent resource.

The growth of the Curtis Wylie Fund $21 million Generates over $950,000 annually $6.2 million Since 1958, initial gift amount given away four times! foundation facts The power of endowment grantmaking feature one

Community leadership feature two Leading positive change. › Act as a catalyst, focusing community resources on critical issues › Leverage local knowledge, staff, board members, and strong community ties › Strengthen nonprofit sector through capacity grants and endowment building › Foster development of new organizations and programs › Gather and share information about local needs, agencies and programs

Community leadership feature two › Arts and culture › Community development › Education › Environment › Health › Human services Monitor all community needs

Personalized giving feature three - -Cash - -Stocks - -Property - -Bequests ›Fulfill multiple charitable intents ›Contribute in a variety of ways:

Personalized giving feature three ›Gain maximum tax advantage ›Be involved in establishing a fund: - -Unrestricted - -Field of Interest - -Designated - -Advised - -Agency Endowed

A bit of background.

1914 First U.S. community foundation established in Cleveland, Ohio today Over 600 community foundations in the United States 1922 Grand Rapids Community Foundation was established by local businessman Lee Hutchins. foundation facts A brief history 1992 Wyoming Community Foundation was established by local concern citizens.

›Four funds › More than $439,000 in endowed assets › More than $7,000 in annual grants › Cumulative grants of more than $70,000 foundation facts Our vital statistics Wyoming Community Foundation

Tommy BrannTommy Brann Dennis BushDennis Bush Edward EdwardsonEdward Edwardson Vickie HoekstraVickie Hoekstra Mary HollinrakeMary Hollinrake Brenda Kading-PayneBrenda Kading-Payne John KuiperJohn Kuiper Tim NewhouseTim Newhouse Mike RoseMike Rose Lillian VanderVeenLillian VanderVeen foundation facts Involved community leaders Our board of trustees

Update: Board Role

1) Fundraising 2) Giving 3) Grantmaking 4) Community awareness 5) Strategy

Update: Gifts

Dollars Raised: $7, Gifts 2006 Development Area

Update: Grants

Altrusa International Foundation Kellogsville Warm-A-Heart Planned Parenthood Centers of W. MI Rogers Heights Christian Reformed Church

Michigan Tax Credit

© © Copyright 2002 MCFV To learn more about us Call (616) or contact us at For good. For ever. SM