For good. For ever. SM Community Foundations A Vehicle to Increase Philanthropy. Nancy Van Milligen (Community Foundation of Greater Dubuque, President and CEO)

t w a h is a community foundation?

a platform for community growth foundation community

Community Foundations are non-profit, community corporations created by and for the people of a specific geographic area. We are here to help our donors do good work… forever.

Three distinct features of community foundations.

feature one Whereas community foundations assist with “pass through” funds the main objective is to build a permanent community endowment. § §Invest and protect principal § §Distribute earnings via grants § §Build permanent community capital § §Create donor legacies George and Hallene are still making a difference- You can too- for good… for ever! Permanent Endowment

Of endowments Power Did You Know? If you create an endowment worth $25,000 today, in 25 years you will have given your community $46,172 dollars in grants and your endowment will be valued at $69,257. Gift and grant values assume an 8.5% growth in the market and grants of 4% annually.

feature two realreal Making a real impact on real people Environment Economic Development Education Arts and Culture Health Human Services Historic Preservation Neighborhoods › Support high-impact opportunities and local communities › Bring organizations into existence › Redirect funds as appropriate › Monitor all community needs… Broad, Flexible Purpose

› Fulfill multiple charitable intents “give through- not a give to” organization ›Gain maximum tax advantage ›Be involved in establishing a fund feature three Personalized Giving

Community foundations increase philanthropy.

Increase philanthropy How to The role of community foundations Help donors make a difference Receive a wide variety of gifts Create Family Legacies Matches charitable intent with community needs Assistance in tax-planning and planned giving strategies Diverse staff and directors with broad community involvement

The Qualified Community Foundation

QUALIFIED??? What is Being a Qualified Community Foundation Both require submission of a binder with documents showing compliance to standards of operation currently being met. Council on Foundations National Standards for U.S. Community Foundations State of Iowa To be qualified by IDED, Community Foundations in Iowa meet or exceed the national standards as set by the Council on Foundations.

qualified IDED Qualified Community Foundations according to IDED

The Affiliate Community Foundation.

Establishing an Affiliate Fund The Qualified Community Foundation handles all of the administrative responsibilities of the affiliate fund. This includes accepting gifts, assisting with paperwork, handling thank you letters, and promoting the fund through various publications and initiatives. The affiliate fund has its own Committee structure to make recommendations for funding, etc. The affiliate fund is able to accept gifts of all types! The Qualified Community Foundation The Affiliate Community Foundation

Partnership The The Role of the Qualified Community Foundation The Qualified Community Foundation- – –Provides administrative support – –Manages and invests funds – –Provides technical assistance, marketing, and grantmaking support – –Offers credibility, visibility, planned giving expertise and legal assistance

Partnership The The Role of the Affiliate Group Affiliate Leadership Group- 5 or more- – –Establishes fund with qualified CF – –Promotes philanthropy – –Committee is advisory to fund/ recommends grants – –Supportive contribution fee to the qualified community foundation – –Does not need to be incorporated or become a separate 501(c)3

to affiliate reasons Becoming an Affiliate Community Foundation 2 You can immediately benefit as a qualifying community foundation when you affiliate 5 Staff members assist you with questions, concerns, and ideas 4 You will avoid the day to day administrative duties- receipting, donor lists, invoicing of pledges, etc. 3 You will avoid the cost of a separate audit and will not have to file your own 990 forms 1 You do not have to set up a separate 501(c)3 organization- avoid start up costs.

to affiliate reasons Becoming an Affiliate Community Foundation 7 Assistance with various planned giving instruments 10 Oversight of investment of the endowment- including the investment policy, spending rule, reporting of investment returns, managements agreements, etc. 9 Assistance with scholarships 8 Guidance for grant making procedures and maintain the terms of grant, history, etc. 6 You will have access to templates for flyers, brochures, and other materials

to affiliate reasons Becoming an Affiliate Community Foundation 12 The Affiliate Community Foundation will be listed and information offered on a website 15 You are able to start leaving a legacy for your community-- immediately! 14 You would be eligible to attend the National Conference of Council of Foundations with reduced cost 13 You would be eligible for membership in the Iowa Council of Foundations 11 You will be listed in the annual report with sub-funds, grants and donors

Clayton County Community Foundation- The Partnership.

Partnership The Clayton County Community Foundation 5 Communities are joining together Dollars will be pooled Leadership will be supported at the Regional Economic Development office Fundraising will continue A hospital, a library and non-profits are beginning to explore endowment funds with the Clayton County Community Foundation

forms of philanthropy in the world today. fastest-growing Community foundations are among the

under which she will never sit, then you know that civilization has come to that land. Greek philosopher plants a tree When a person

To learn more: (319) or- Nancy Van Milligen, President and CEO (563) © 2002 Council on Foundations and Community Foundations of America For good. For ever. SM