what is a community foundation? community people connected by geography… to each other
TRANSCRIPT
What is aCommunityFoundation?
Communitypeople connectedby geography… to each other
Foundation
a platformfor growth
a platformfor building community
Community Foundation
We are a nonprofit, community corporationcreated by and for the people of Clinton County. We are
here to help our communities prosper…..
Forever.
Community Foundation
1three distinct functions
2 3
Our CommunityFoundation has
Create Permanent Endowments
1
1
Create Permanent Endowments
• Invest and protect principal• Distribute earnings via grants• Build permanent community capital• Create donor legacies
2Assist Communities and
Organizations
Assist Communities and Organizations
- Organizations may become an affiliate under our “umbrella” – allowing them to utilize the benefits of our 501(c)3 status and meet tax reporting requirements.
2
- We grant funds to assist various organizations with community projects.
Facilitate Personal Charitable Wishes
3
Facilitate Personal Charitable Wishes
- Cash- Stocks- Property- Life Insurance- Bequests/Wills
• Fulfill all charitable intents
• Eligibility for Tax Credits
• Contribute in a variety of ways
3
Our Community Foundation has three distinct functions:
Create Permanent Endowments
1
Our Community Foundation has three distinct functions:
Assist CommunitiesAnd Organizations
2
Create Permanent Endowments
1
Our Community Foundation has three distinct functions:
Facilitate PersonalCharitable Wishes
3Create Permanent
Endowments
1Assist CommunitiesAnd Organizations
2
Community Foundationsare among the fastest-growing
forms of philanthropyin the United States today!
In 1987 Lillian Fell had a vision…..She wanted to ensure that our communities
charitable programs were supported now and for generations to come…..
That is why, over 25 years ago, she left a large gift of over $200,000 to begin our foundation.
Today, the Lincolnway Community Foundation manages close to $5 million in assets.
LincolnWay Community Foundation has set up many endowments,
assisted organizations and
has awarded grants of over
$500,000Since 1987
Audrey Henning Endowment funds:
Scholarships for Calamus-Wheatland Students
Kent Ploog Endowment funds:
Scholarships for Northeast Students
CalamusCalco Building-grant recipient for building maintenance
Central Community Music BoostersRaised Funds for New Band Uniforms as an affiliate of LWCF – using 501(c)3
WeltonWomen of Welton - grant recipient for new fire trucks. Also is
an affiliate.
DeWittOperahouse Theatre-Endowment to maintain the building.
Grand Mound
The Grand Mound Ball Park-grant recipient
DelmarSt. Patrick’s Cemetery has a $100,000 endowment for maintenance.
You too can make a difference …
Learn, Earn and Return!!
Leave a Legacy…..