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Good Afternoon!. East Central Illinois Community Development Symposium April 4, 2011. The Big Picture. First Community Foundation est. 100 years ago in Cleveland, OH 4.6 billion dollars put to work each year serving donors and strengthening communities - PowerPoint PPT PresentationTRANSCRIPT
East Central Illinois Community Development Symposium
April 4, 2011
First Community Foundation est. 100 years ago in Cleveland, OH
4.6 billion dollars put to work each year serving donors and strengthening communities
717 Community Foundations with knowledge of local issues and resources
We are working in a Vibrant – Collaborative Field
Tax-exempt public charities improving the quality of life in their area.
Enables people with philanthropic interests to easily and effectively support the issues they care about – immediately, or through their will.
Individuals, families, businesses, and organizations create permanent charitable funds by contributing a variety of assets and may also recommend grants to nonprofit groups and charitable projects they wish to support.
All community foundations are overseen by a volunteer board of leading citizens and run by professionals with expertise in identifying their communities’ needs.
Midwest
Number of Counties in the State
102
Number of Community Foundations
40
COF Members 27
Certified in National Standards 20
Southeastern Illinois Community Foundations (SICF) Service Areas
Clark, Clay, Coles, Crawford,
Cumberland, Effingham, Fayette, Jasper, Lawrence, Richland, Shelby
Service to Donors – There will always be individuals who need us.
Community need vs. available funding.
Transfer of Wealth – Between $6T - $24T is projected to go to charity by the year 2052.
Is there a community foundation Is there a community foundation in your hometown?in your hometown?
Start-up/ Ongoing Costs
Independent CF SICF Member
501 © 3 application $3,000 plus staff time No separate legal entity required
Annual accounting and tax filings
$3,000 - $5,000 plus staff time
Included
D&O, Liability, worker comp
$4,00 and up Included
Annual Audit $4,000 - $12,000 Included
Professional Membership
Organizations
Annual memberships Included
Investment Management
Board expertise for investment decisions
Included
Governance By-laws, officers and trustees
Local board – seats on corporate board
Our mission is to bring the full capabilities of a community foundation to smaller communities in our region by working with local volunteer boards
serving their hometown.
Southeastern Illinois Community Foundation charges fees to the funds under its administration to help defray the personnel, administration and other operational costs.
Services communities receive for the administrative fee include: Integrated fund accounting and reporting services; Shared website; Stronger identity through market branding and shared publications; Professional investment management; Independent annual audit and tax reporting; Compliance with national and state ethical and operational
standards. Asset development and grant making conducted locally.
Get Grow Give
Local Donor Development
Local Marketing
Investment Management
Cultivating Regional Partnerships/Donors Regional Marketing
Policy Making Legal Compliance
Local Grant Programs
Local Marketing
County Leadership
BoardsSICF
County Leadership
Boards
SICF Staff and Board of SICF Staff and Board of DirectorsDirectors
Jim Schultz, Chair Open Prairie Ventures
Scott Lensink, Vice ChairLake Land College
Rick Siemer, SecretarySiemer Milling Company
Brian Titus, TreasurerLorenz Supply Company
Joedy HightowerPresident/CEO
Jon FultonExecutive Director -
Mattoon
Valerie BeluskoAdministrative Assistant
Brian Titus (Lorenz Supply Company) Blake Linders (Linders LTD/McDonalds) Jeff Richards (SunGuard) Carol Rohr (Fifth Third Bank) Karen Erskine (Raymond James Financial Services) Diana Smith (West & Company) Steve Wente (Doehring & Winders) Doug Zuhone (Eastern Illinois University) David Cox (Lake Land College Foundation)
First Mid-Illinois Bank - MattoonWealth Management Custodian
Established in 1999 55 Component Funds 13 member leadership board $5.1 million TNA 12/31/2010 Total Grants - $721,967
Established in 1980 20 Component Funds 13 member leadership board $1.1 million TNA 12/31/2010 Total Grants - $335,000
$1 Million in grants and growing!!
We work through community leaders.You stay in control of your local relationships; we’re here to provide administrative and marketing resources.
We partner with you.We provide information and expertise on charitable giving to donors interested in supporting local causes.
We help you build stronger relationships.Your community benefits from the charitable impact and local donors receive the tax advantages of their charitable gifts
We help you connect across generations.Local individuals, families and corporate donors establish funds now for the benefit of future generations
togetherworkingWorking Together –Working Together –A Trusted Resource for Rural PhilanthropyA Trusted Resource for Rural Philanthropy
Collaboration – We bring together people, processes and funds to focus on the common goal of community strength and sustainability. Together we can accomplish more than we can separately.
Best Practices – We utilize efficient, effective strategies and methods to enhance SICF staff and volunteer talents and resources for the benefit of our member foundations.
Growth and Development – We work to support communities, member foundations and SICF goals for growth and positive evolution into the future.
Power of Community – We believe in and support the power of our communities to develop their potential by applying their passions and their resources.
Serving the philanthropic needs of Southeastern Illinois