presented by maxine moul to the iowa philanthropy academy february 4, 2008 nebcommfound
DESCRIPTION
Using Philanthropy to Build Rural Communities by Supporting Entrepreneurship An Example from Nebraska. Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 www.nebcommfound.org. Outline for Today’s Presentation. About Nebraska Transfer of Wealth Opportunity - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/1.jpg)
1
Presented by Maxine Moul to the Iowa Philanthropy Academy
February 4, 2008
www.nebcommfound.org
Using Philanthropy to Build Rural Communities by Supporting
EntrepreneurshipAn Example from Nebraska
![Page 2: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/2.jpg)
2
Outline for Today’s Presentation
1. About Nebraska
2. Transfer of Wealth Opportunity
3. About the Nebraska Community Foundation
4. Community-Based Endowment Building
5. Endowment for What?
6. HomeTown Competitiveness (HTC)
7. Public Policy to Help Community Building
![Page 3: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/3.jpg)
3
About NebraskaNebraska’s strengths
– Civic capacity and pride– Educational system – Work ethic
Nebraska’s struggles– Out-migration of middle-class youth– Lack of diversity in rural economy– Large geography/many frontier counties
(418 of 532 (80%) of communities < 1,000 pop.)
![Page 4: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/4.jpg)
![Page 5: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/5.jpg)
5
Special Challenge
Engaging rural leaders in defining new opportunities for their
communities to build a positive future and stem the tide of out-
migration
![Page 6: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/6.jpg)
6
Intergenerational Transfer of WealthAn Unprecedented Opportunity
for Nebraska
“Millionaires in the Millennium”Havens & Schervish, 1999, Boston College
“Wealth in Nebraska”Don Macke, 2002, Nebraska Community Foundation
![Page 7: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/7.jpg)
7
America's Wealth Transfer:A Likely Scenario
4
5
6
7
8
9
10
11
12
1999 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
% o
f W
ealt
h R
elea
sed
United States Nebraska Rural Nebraska
Rural NebraskaEstimated WealthTransfer = $94 billion
Nebraska Estimated Wealth Transfer = $258 billion
United States Estimated WealthTransfer = $41 trillion
![Page 8: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/8.jpg)
8
Peak of TransferGroup 1 – 2000 to 2014
Group 2 – 2015 to 2039
Group 3 – 2040 and after
County-Based Transfer of Wealth
![Page 9: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/9.jpg)
9
Transfer of Wealth: A Unique Opportunity
• To build philanthropy and endowments
• To prove that capital is not the limiting resource to community development
• To build sustained community development strategies (by using Asset Based Community Development, or ABCD)
• To break out of a cycle of dependency
![Page 10: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/10.jpg)
10
Transfer of Wealth Studies
![Page 11: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/11.jpg)
The Nebraska Community Foundation:Incorporated in 1993Statewide Board of 18/Staff of 11199 Affiliated Funds (98 Community, 58 Organizations, 29 Donor-Advised, 14 Gift Annuities)
MissionThe Nebraska Community Foundation exists to help concerned individuals mobilize charitable giving in support of the betterment of Nebraska communities and organizations.
3
![Page 12: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/12.jpg)
![Page 13: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/13.jpg)
13
NCF Philosophy• Locally-controlled/decentralized• Do not replace local capacity; all services from
“mothership” must add-value• Reciprocity• Build community capacity through
empowering local leadership• Convene & build partnerships• Build endowments to support core mission• Belief in power of Hometown
![Page 14: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/14.jpg)
14
Affiliated Fund Responsibilities Governed by Local Fund Advisory Cmte. (FAC)
FAC Responsible for:– Setting Local Priorities & Agenda– Endowment Building– Engaging the Community– Building/Expanding Relationships with Donors and
Financial Planners– Donor Targeting & Visitation – Grant Making
![Page 15: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/15.jpg)
15
Community Affiliates Model
Community Affiliated Fund
Unrestricted Community Endowment
Public Schools
Economic Development
![Page 16: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/16.jpg)
16
NCF Provides• Corporate Umbrella• All Accounting, Legal & Investment• Comprehensive Insurance Coverage• Website (including on-line giving)• Community-Based Education/Training • Peer-Learning Network• Customized Endowment Building
Assistance with Strategy, Fundraising & Gift Planning
![Page 17: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/17.jpg)
17
Community & Nonprofit Fundraising
What’s been successful?EventsAnnual Operating CampaignsCapital Campaigns
What’s been lacking?Endowments Endowments for community economic development
![Page 18: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/18.jpg)
18
NCF Partners with Communities and Nonprofits to Build Endowments
• Board Engagement
• Goal Setting & Campaign Development
• Build Skills & Confidence to Engage Donors
• Communications & Marketing
• Gift Planning
• Financial & Investment Management
![Page 19: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/19.jpg)
![Page 20: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/20.jpg)
20
2007 Rural Philanthropy Conference• Goal: To teach rural community foundations about the
transfer of wealth and how they can adopt strategies to move their own rural community development initiatives forward using the transfer of wealth as a case statement.
– Speakers from Nebraska, South Dakota and Wisconsin
– Keynote address by Dr. Rick Foster of the W.K. Kellogg Foundation – Attended by 93 individuals from 13 states and the District of
Columbia. (Idaho, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, New York, Ohio, Pennsylvania, South Dakota, Texas and Wisconsin)
![Page 21: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/21.jpg)
21
Impact of Decentralized NCF System• Empowers Community/Builds Capacity• 2,000+ Fund Advisory Committee Members• $34 Million in Assets (35% year-over-year growth)
• $23 Million Endowed (39% year-over-year growth)
• $28 Million in Expectancies (124 confirmed gifts)• 29,608 Donors in Past 5 Years• $65 Million in Total Reinvestment
![Page 22: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/22.jpg)
22
![Page 23: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/23.jpg)
23
Community EndowmentsAffiliated Fund Population 30-Jun-07 Total*Ord/Valley County 4,647 $6.9 millionBassett/Rock County 1,756 $2.6 millionMcCook 7,994 $2.3 millionShickley 376 $1.8 millionNebraska City 7,228 $1.6 millionBrown County 3,525 $1.3 millionSpencer 541 $1.2 million
45 community-based affiliated funds now have over $100,000 in combined endowment, expectancies and pledges
*total includes endowed assets, expectancies and pledges
![Page 24: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/24.jpg)
24
Community-Based Endowment Building EffortsEndowed assets plus expectancies(in millions)
![Page 25: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/25.jpg)
Endowment for What? Strategic Grant Making
Now that you have an endowment, what difference is that going to make in the future of your hometown?
These new assets must be invested in ways to build a better future for your hometown!
![Page 26: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/26.jpg)
26
HomeTown HomeTown CompetitivenessCompetitiveness
Framework for Effective
and Sustainable RuralCommunity and
EconomicDevelopment
![Page 27: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/27.jpg)
27
Four Pillars to Build Community
Lead
ers
hip
En
trep
reneu
rsh
ip
Chari
tab
le A
ssets
You
th
HomeTown Competitiveness
![Page 28: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/28.jpg)
HTC Strategic Partnership
Heartland Center for Leadership Development
![Page 29: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/29.jpg)
29
Nucleus of HTC Communities
![Page 30: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/30.jpg)
30
HTC as a Case Statement
HTC helps Communities to:Start and Grow Small BusinessesProvide Better Local Economic OpportunitiesExpand Leadership CapacityAttract More Young People to Live and Work
in their Hometown
HTC is a Better Case to Prospective Donors
![Page 31: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/31.jpg)
31
HTC has become a National Model:2004 Innovative Program Award from the
International Community Development Society2005 HTC Awarded $2 Million Entrepreneurship
Development Systems Grant from the W.K. Kellogg Foundation (one of six selected from 180+ proposals)
17 HTC Academies completed in 8 states (787 participants)
HTC training/technical assistance now being provided in 12 other states (HTC developing affiliation model)
![Page 32: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/32.jpg)
32
Entrepreneurship
Lead
ers
hip
En
trep
ren
eu
rsh
ip
Chari
tab
le A
ssets
You
th
HomeTown Competitiveness
![Page 33: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/33.jpg)
33
EntrepreneurshipExpected Outcomes
• Strategy in place for increasing local entrepreneurial business development
• Increased entrepreneurial activity within the community in private and public sectors
• New jobs and wealth being created within the community
• More current businesses retained and growing
![Page 34: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/34.jpg)
34
Entrepreneurship How does it support the HTC strategy?
• Business development creates jobs and new wealth in the community
• Assists in retaining existing businesses• Sustains population with manageable growth• Creates career opportunities for young people• Entrepreneurs can provide leadership and new
ideas for the community’s development
![Page 35: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/35.jpg)
35
Entrepreneurship in Valley County
• Focusing on building business plans for both start-up and existing growth-oriented businesses
• Business coach hired to provide one-on-one assistance
• 73 new businesses, 10 expansions and 21 business transitions since 2000
• These 104 businesses have created 332 new full time jobs and nearly $90 million new investment
• Linked people recruitment; redesigning Web site • Youth Entrepreneurship Fair
![Page 36: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/36.jpg)
36
Charitable Assets
Lead
ers
hip
En
trep
reneu
rsh
ip
Ch
ari
tab
le A
ssets
You
th
HomeTown Competitiveness
![Page 37: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/37.jpg)
37
Charitable AssetsExpected Outcomes
• Community-based endowed assets• Greater knowledge about charitable giving tools
and resources • Grants awarded to specific activities that will
improve economic prospects for individuals and/or technical assistance and business coaching to entrepreneurs and small businesses
• Grants awarded to specific activities that will improve the likelihood that young people stay or return to their hometown
![Page 38: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/38.jpg)
38
Charitable AssetsHow does it support the HTC strategy?
• Community endowments provide a new revenue stream to underwrite HTC efforts
• Pool of local assets needed to leverage external private or government funding
• Break out of cycle of dependency• Endowments create a margin of
excellence for communities to build their competitive advantage
![Page 39: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/39.jpg)
39
Andy and Geri Anderson Endowed Gift of $346,341 to the McCook Community Foundation
“To us it is important to give while we are still alive. We want to see
the benefits our gift makes to the
community.”
- Andy Anderson
First year grant of $13,500 for:
• McCook HTC Youth Task Force• Entrepreneurship training for
teachers• 4-H ESI Entrepreneurship curriculum• Youth-led community project
First year grant of $13,500 for:
• McCook HTC Youth Task Force• Entrepreneurship training for
teachers• 4-H ESI Entrepreneurship curriculum• Youth-led community project
![Page 40: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/40.jpg)
Examples of Strategic Grants
• Non-Traditional Scholarships • High-quality affordable child care• Microenterprise business
development• Build Leadership with a Purpose• Capitalize Youth Foundation• Retaining and recruiting volunteers • Value-added curriculum for K-12
school
![Page 41: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/41.jpg)
41
Young People
![Page 42: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/42.jpg)
42
Young AdultsExpected outcomes from HTC
• Champions group recruited and involved
• Linkages: Leadership and Entrepreneurship
• Stronger, sustained connections with alumni
• Increased number of young adults returning
![Page 43: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/43.jpg)
43
Sampling of Youth Survey Results
Plan toAttend College
Desire to Return Home
Want toOwn Business
OwnBusiness Now
Atkinson Pop. 1380
96% 66% 57% 14%
O'Neill Pop. 3,852
98% 55% 64% 12%
Stuart Pop. 650
100% 66% 60% 14%
Survey of all high school (9-12) students, 2005-06
![Page 44: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/44.jpg)
44
![Page 45: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/45.jpg)
45
Youth Attraction Formula
• Based on actual U.S. Census population data• Factors in rural county marriage rate• Calculated using average children per family• Adjusts for current number of youth in county• Formula helps determine annual youth goal• Goal used to open dialog and engage youth
![Page 46: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/46.jpg)
46
Garden CountyYouth Attraction Goal
1990 Population 2,4602000 Population 2,292Percent change -6.8%Loss Per Year in 1990s 17 PersonsTotal Youth (18 and under) 529 PersonsYouth as a Percent of Total 23%Average Graduating Class 29 PersonsAnnual Youth Attraction Goal 6 Persons
19% Youth Attraction Goal
![Page 47: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/47.jpg)
EntrepreneurShip Investigation (ESI)• Partnership Venture with UNL
Extension• Focus upon Middle-School Age Youth• Builds on Local 4-H Infrastructure• Links with Local ED Resources • Flexible Delivery Methods
![Page 48: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/48.jpg)
48
Leadership
Lead
ers
hip
En
trep
reneu
rsh
ip
Ch
ari
tab
le A
ssets
You
th
HomeTown Competitiveness
![Page 49: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/49.jpg)
49
LeadershipExpected Outcomes
• Increased diversity in community leadership
• Enhanced leadership knowledge and skills
• More volunteer engagement in community projects and activities
• More people willing to run for public office
![Page 50: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/50.jpg)
50
Leadership How does it support the HTC strategy?• Expands the pool of volunteers and
emerging leaders to work on community priorities
• Assists current and new leaders in developing their leadership skills
• Encourages community members to participate in community planning and development projects
![Page 51: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/51.jpg)
51
Leadership Development in Butler County
• Partnership between UNL Extension & HTC
• Completed 3 years of Leadership Plenty; 53 graduates
• Intergenerational and interdisciplinary• HTC expanded county-wide in 2006• Butler County inter-local agreement to
support community economic development (two full-time staff)
![Page 52: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/52.jpg)
52
HTC Helps Communities Spiral Up • Philanthropy for ongoing funds
for leadership, youth, and entrepreneurship
• Cultural capital increases with pride and hope as young people return
• Youth engagement, leadership and entrepreneurship development and capturing wealth transfer creates new social, cultural and financial capital.
• Social, political and financial capital to support HTC and early assessment
• Cultural capital begins to change—We can do it!
• Bridging social capital brings outside expertise together with internal wisdom
SP
IRA
LIN
G U
P
Phase 1
Phase 2
Phase 3
Sustainability
![Page 53: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/53.jpg)
53
HTC builds Community OwnershipIn three years, Valley County (population 4,647) has graduated 70 from a leadership class; set up an endowment with $1.2 million willed by a local couple; and hired a business development coordinator….
A wealthy alum living in Arizona flies in to teach a class on growing entrepreneurs. A graduate came home from Lincoln to a start an irrigation-well firm. Another plans a local dental practice. The county must attract 27% of its high school’s average graduating class of 67 to stabilize its population by 2010.
USA Today, February 9, 2005
![Page 54: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/54.jpg)
54
HTC Success in Valley County Economic development staff of three Ongoing business training & visitationYouth entrepreneurship fair102 graduates of county-wide leadership class67 $1,000+ founders of HTC endowment$7 million+ combined endowment and expectancies Retail sales +20% (statewide +16%)
Per capita income +22% (statewide 9%)
Population gain of 3% (first increase in 50 years)
![Page 55: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/55.jpg)
55
HTC Success in Holt County
HTC initiated in Stuart & Atkinson in 2003
O’Neill joined in 2004Inter-local agreement in 2006 to
expand countywide (9 communities)Full-time county-wide HTC coordinatorStarting 4th HTC leadership institute;
65 graduates$2.5+ million combined endowments
& expectancies
![Page 56: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/56.jpg)
56
HTC Success in Butler CountyDavid City initiated HTC in 2004
Strategic grants for youth entrepreneurship, leadership development, related HTC efforts
David City Aquinas entrepreneurship classESI camp completed summer 2007Starting 4th year of Leadership Plenty;
50 graduatesDavid City Area Foundation changed to
Butler County Community Foundation in 2007
![Page 57: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/57.jpg)
57
EndowNebraska: Nebraska’s Charitable Tax Credit for
Gifts to Endowments
• Tax incentive to mobilize the transfer of wealth
• 15% credit for individuals (10% for corporations)
• Maximum credit of $5,000 per year
• Individuals: Irrevocable planned gifts
• Corporations: Outright gifts
• Effective January 2006; Sunsets December 2010
![Page 58: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/58.jpg)
58
Building Entrepreneurial Communities Act (BECA)
Matching grants to two or more partnering local governments to provide education, training and technical assistance for:Small business development and entrepreneurshipLeadership developmentAttract and retain young people and familiesCommunity philanthropy and endowment buildingAttract new residents
Enacted 2005; revised 2007 ($500,000/year)
![Page 59: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/59.jpg)
59
What Others Are Saying About NCFSusan Berresford, President of the Ford Foundation, calls NCF a ‘strong, unique and national model’ because it: is built and sustained from the grassroots; values and nurtures entrepreneurial leadership; emphasizes effectiveness, especially in grant
making, to support economic opportunity; embraces and seeks to strengthen Nebraska
values.
![Page 60: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/60.jpg)
60
NCF System Helps Communities To Build a New and Better Set of Habits
• More and more frequent community reinvestment (private and charitable)
• Education/Training/Technical Assistance to Empower Community Leaders
• More Donor Engagement by Friends and Family
• Build Endowments for Margin of Excellence
• Renewed Hope in the Future of Our Hometowns
![Page 61: Presented by Maxine Moul to the Iowa Philanthropy Academy February 4, 2008 nebcommfound](https://reader034.vdocument.in/reader034/viewer/2022051517/56815922550346895dc64a5e/html5/thumbnails/61.jpg)
61
For more information on the Nebraska Community Foundation or
HomeTown Competitiveness:
www.nebcommfound.org