BOUL OULDER DER JUNCTION CTION In sh In short rt, who ar wh - - PowerPoint PPT Presentation
BOUL OULDER DER JUNCTION CTION In sh In short rt, who ar wh are e we we? BOUL ULDER ER JUNCTION TION A n ot ot-for or-profi profit, t, commun munit ity y corpo rporat ration ion Cre reated ted by by a gro roup
BOUL OULDER DER JUNCTION CTION
BOUL ULDER ER JUNCTION TION
BOUL ULDER ER JUNCTION TION
ght.
unity has needs.
munity ty nonpro rofi fits ts who could use additi tional
nt funding g issues ues with comm mmun unity ity center r & li library ary expansion. nsion.
e were commi mitted tted citizens ns willing ng to volunt ntee eer r their r time.
willi ling ng donors rs who care about BJ.
BOUL ULDER ER JUNCTION TION
Formed d St Steerin ing g Committee ittee
Met 12 12 tim imes throu rough gh the sum ummer
earch rch & D & Dis iscussi ussion
loped ed organizational anizational structu ucture re Beginn innin ing g in in Ma May, y, 20 2010 10
BOUL ULDER ER JUNCTION TION
1.
ndations tions ha have e a s successful essful tr track re record rd nati tiona nally ly in all sizes es of comm mmunities: nities: Ope pera rati ting ng since ce th the e ea earl rly 1900’s; 700 nationwide, 25 billion in assets (2005 data) In Wiscon consin sin, Milwaukee kee Foundati ation n (1915) 3.
exibilit ibility: y: We e are re a a local org rganiza zation tion with th th the e flex exibilit ibility y to help meet BJ’s changing needs through changing ec econ
cs into to th the e futu ture
respo pond d to to opp pport rtunit nities ies with th hi high h impa pact. t. 2.
ermane anence nce: : We e focus s on th the l e long te term rm – th thro rough h building ing en endowment
that gr t grow and ben enefit efit th the c e communi munity ty fore reve ver r – so we don’t compete with local nonprofits.
BOUL ULDER ER JUNCTION TION
imum um Ta Tax Ad Advanta tages: es: Can offer er th the g e gre reate test t ta tax advantag tages es as an an I IRS 501(c)(3) 3) pu public cha hari rity ty (th thro rough h
r pa part rtner er & in th the fu e futu ture re th thro rough h th the BJ e BJCF CF.)
erson sonalized ized Donor
ervice: ce: We e can be e flex exibl ible e & responsive to each donor’s unique wishes – small or r larg rge. e.
mplicity: licity: We e are re ab able e to to accep ept t a w wide e vari riet ety y of asset ets – fro rom cash h to to sto tock k to to pr prope pert rty to to beq eques ests ts.
ective ive & Efficient cient Administr nistration: tion: Th Thro rough h a pa part rtner ership hip with th th the C e Commu munity nity Founda dation tion of Nort rth h Ce Centr tral Wiscons consin, in, ope pera rati ting ng ex expe penses ses are re kep ept t to to a minimum nimum due e to to ec economies nomies of scale.
.
BOUL ULDER ER JUNCTION TION
8.
tiple ple Cha hari riti ties es: : One e simpl ple e gift t to to th the C e Communi unity ty Foundation can fulfill a donor’s multiple charitable inter terests. ests.
reserv erve e Donor
tent nt: : The donor’s original intent is always ho honored, red, ev even en as co comm mmunity nity nee eeds s and
rganiza izations tions cha hange. e. 9.
egacy: y: We e are re ab able e to to he help d p donor
s cre reate te an individu dividual l or f r family y leg
The e donor
hooses ses th the e name e of hi his/he her r fund and gra rants ts are re m made e in th thei eir r name e in pe perp rpet etuity. ty.
BOUL ULDER ER JUNCTION TION
BOUL ULDER ER JUNCTION TION
Community unity Fo Foun undation ation of No. Centra tral l Wis iscons
in
1.
llows ws BJCF CF to operat ate e as as full ll foundatio ation n without ut higher expens nses es of an an office & s staf aff f required red to ad admi ministe ster r a a founda dati tion.
2.
abli lishe shed d foundatio ation n with proven trac ack k record d in existe tence nce since 1987. 7. 3.
ert staf aff to han andl dle investments, ments, prima mary y recordkee rdkeepi ping, ng, nonprofit fit tax ax requirement rements, s, an and other business ess ma matter ers. s.
BOUL ULDER ER JUNCTION TION
Community unity Fo Foun undation ation of No. Centra tral l Wis iscons
in
gnized zed Section
(c)(3 (3) ) tax ax exemp mpt t org. 5.
as other r comm mmunity unity af affili liat ates s – Merrill ll, , Tomahawk, mahawk, Antigo, go, an and Man anitowis
h Wat aters. s. 6.
arges ges an annual al fee - 1.5% % of BJCF CF as assets.
BOUL ULDER ER JUNCTION TION
mber − Voted to mo move forwar ard d with the Found ndation ation. − Final alized ed Byl ylaws. aws. − Establ ablish shed ed a 9 a 9-me member mber Boar ard. d.
October er – File led d Articles les of Incorporati poration
becam ame a a Wisconsi
n nonstoc
k corporati
mali lized zed par artnersh rship ip with CF of NCW an and establ ablishe shed d general al endowment ment fund for BJ.
BOUL ULDER ER JUNCTION TION
ar Future ure − Register er as as a C a Char aritab table le Or Organ aniza zati tion
Wisconsi
n Dept. of Regulati lation
Licensing sing. . − Apply ly to the IRS for Section
(c)(3) (3) stat atus. us.
BOUL ULDER ER JUNCTION TION
anage aged d by a 9 y a 9-memb member er boar ard
tors
lunte teer er privat ate e citizens ns
ndent
year ar terms ms of office 1.
for-pro profit it Wiscons nsin in nonstoc tock k corporati ration
2.
areholders
memb mbers
BOUL ULDER ER JUNCTION TION
Irene e Gr Grav avell lle Secretar etary
ers are ele lected d by the Board Amy my Wheele ler r President dent Dennis s Auks kstik ik Vi Vice Pr Preside dent nt Lesli lie Ga Gauberti rti Treas asur urer er
BOUL ULDER ER JUNCTION TION
anspar parency ency of operat ation ions s is imp mportant ant − Articles les of Incorp rporati
ylaw aws, s, an and d Boar ard d minutes will be posted on the foundation’s website −Boar ard d me meetings gs ar are open to the publi lic
mmunication cation li lines ar are being develo loped − Founda dati tion
PO Box 675 75 – see our brochure ure − Website e is u under develo lopment ment − Futur ure e di discussio sions ns with BJ ar area a nonprofi
t
aniza zati tions
Person rsonal alized zed Giving
Focus us on Permanent manent En Endowm
ents
Broad, ad, Flexible e Purpose pose
BOUL ULDER ER JUNCTION TION
egin with Gen ener eral BJ E Endowme ment
e funds, , inves est & p protec ect the e endowment’s principal forever
ld per erma manen ent comm mmunity ty capital al
Crea eate e donor leg egac acies es
ribute ute ea earnings via grants
BOUL ULDER ER JUNCTION TION
Collabor aborate ate with donors and area ea nonprofits. ts.
e the ear e earnings of long ter erm en m endowme ment t funds to address community needs & donors’ wishes es through distrib ibutin uting g grants.
e a c a conduit t for short ter erm sp m spec ecific ic proje jects when en the n e nee eed arises es – (ie, e, libr brary y ex expansion).
BOUL ULDER ER JUNCTION TION
ill l ma many types es of c charita tabl ble e inten ents – sma mall l & l large. e.
Work with donors to contribut bute e in a v variety ety
ays:
Cash
erty ty
etim ime e income me
eques ests ts
BOUL ULDER ER JUNCTION TION
al endowment ment fund has as been estab abli lishe shed d for Boul ulder der Juncti tion
mmunity ity Foundation ndation of
ral l Wisc. − Donat ations
may y be given to the fund now – ma made out to the CF of NCW with a m a memo mo note that at it is f for the BJC JCF F endowment ment fund. . Send to PO B O Box. . 675 − The fund’s earnings will be used to award grants for projects cts in B BJ in the future re.
CF has as its own ban ank k ac account unt at at Citizens ens Ban ank
BOUL ULDER ER JUNCTION TION
3.
an al also estab abli lish sh a F a Fund for a p a par articu cular lar purpose
ct. 4.
a need d ar arises, , the Founda dati tion
may y estab abli lish sh a a short t term m project ct-sp speci ecifi fic c fund.
BOUL ULDER ER JUNCTION TION
mmer r Founder ders s Event t
ld aw awar areness ness an and d estab abli lish h a d a donor r bas ase
aise funds for the BJ Endowme
nt Fund 2.
loram rama a Dinner – Septembe mber r 17, 7, 201 011
ation n will ll sponsor
event.
ard d has as resolv lved d not to tak ake an any y of the net profits ts from m the event.
BOUL ULDER ER JUNCTION TION
1. 1. Pl Plac ace yo your nam ame on the ema mail l di distributi bution
list. 2.
ll yo your friends & fam amily ly ab about the Found ndat ation.
3.
lunte nteer er at at a F a Founda dati tion
4.
a Donor r in an any y am amount. nt. 5.
ad the me message age of the Bould lder er Juncti ction
Comm mmuni unity ty Foundation ndation!
F Board d Me Members
ulder der Jun unction ction Commun unit ity y Fo Foun undation ation In Inc. PO Box 67 675 5 Boul ulder der Jun unction, ction, WI I 54 5451 512 2 www.boulderjunctioncf.org (under development)
unity ty Fo Foun undation ation of North th Central ral Wis isc. www.cfoncw.org
BOUL OULDER DER JUNCTION CTION
BOUL OULDER DER JUNCTION CTION