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What is a Community Foundation?
By Definition:
A Community Foundation is a tax-exempt,
not-for-profit 501c(3), autonomous,
publicly supported, philanthropic institution
organized and operated primarily as a
permanent collection of endowed funds for
the long-term benefit of a defined
geographic area.
Community Foundation Fast Facts
• 26 Community Foundations in Florida
• Over 700 in the United States
• 1,441 globally in 51 countries
• Range in size from less than $100K to over
$1.7 Billion
• Approximately $49.6 Billion in Community
Foundation assets held in the U.S.
“We need to leverage the resources and talents of all local governments, private
businesses and community organizations toward a common
goal…if we are to return to a higher level of economic prosperity”
Doing More for JOBS: Executive Summary
Marion County Board of County Commissioners
OUR PURPOSE
To serve as a
Convener - Collaborator - Catalyst for community building through philanthropic
funding for
Civic – Cultural - Community – Economic
Development
OUR ROLE
• Marion County is home to over 1000 non-
profit entities
• The Community Foundation connects
these entities to gifting opportunities via one centralized organization
The Community Foundation: A Personalized Gifting Experience
• Multiple charitable giving vehicles
• Customized giving matched to personal
interests
• Family legacies via Donor Advised Funds
Multiple Charitable Giving Vehicles
• Outright Gifts ($, stocks, real property)
• Bequest by Will
• Charitable Gift Annuity
• Charitable Lead Trust
• Charitable Remainder Trust
• Life Estate Contract
Customized Giving Matched to Personal Interests
• Arts & Culture
• Economic
Development
• Education
• Environment
• Health
• Human Services
• Recreation
• Neighborhoods
Creation of Personal Legacies
via Donor Advised Funds
• A tax deduction today for gift disbursement over time to a variety of causes.
• Administrative & Investment oversight through the Community Foundation to ensure that donors’ goals and objectives are met.
• Offered as an alternative to establishing one’s own private foundation.
Who are a Community Foundation’s
most frequent Referral Sources?
• Estate Planners
• Donors
• Community Foundation Board Members
BOARD OF DIRECTORS
Frank Hennessey Founding Chairman
Bob Reilly Vice Chair/Treasurer/ Chair
Investment Committee
Barbara Fitos Vice Chair/Secretary/
Executive Director
Mike Siboni Chair/Governance Comm.
Cindy VanHeyde Chair/Asset Development
BOARD OF DIRECTORS
Bill Chambers Susan Gilliland Jon Kurtz Dr. Lawrence McChesney Whit Palmer Jim Schneider Joan Stearns Chester Weber
Our Promises We Pledge to Be:
• A centralized portal for philanthropic giving
• A center of excellence for investment
portfolio management for both
endowments and operating funds.
• The source for extraordinary grant making
opportunities.
Our Promises
• The sole source provider for existing organizations for administrative assistance
• The key access point to targeted resources that best fulfill the needs of our community and…
• The premier place with which to do business for both donors and non-profits alike.
10 Reasons to Embrace your Community Foundation:
1. We are a local organization established with
deep roots in the community.
2. We offer broad expertise regarding community
issues and needs.
3. We provide highly personalized services
tailored to each individual’s charitable & financial
interests.
4. Our Donor Advised Funds help people invest
in the causes they care about most.
10 Reasons to Embrace your
Community Foundation
5. We accept a wide variety of assets, and can facilitate even the most complex forms of giving.
6. We partner with professional advisors to create highly effective approaches to charitable giving.
7. We offer maximum tax advantages under federal and state law
10 Reasons to Embrace your Community Foundation:
8. We multiply the impact of monetary gifts
through leveraged giving and grants.
9. We build endowment funds through legacy
giving to benefit our community for generations
to come.
10. We are a community leader, coordinating
resources, fostering collaboration and serving as
a catalyst for positive change.
You are cordially invited to attend
the inaugural planning session for this new initiative of the
focused on women entrepreneurs in our community
Tuesday, July 10th
11:30 pm – 1:30 pm
405 SE Osceola Avenue, Innovation Way, Ocala
Your Facilitators
Joyce Fabian, Global Project Management Dr. Cheryl Fante, The College of Central Florida
Barbara Fitos, The Community Foundation for Ocala Marion County Jeanne Henningsen, Monarch Leadership, LLC
Join our dynamic luncheon conversation as we address:
Our Mission – Our Goals & Objectives – Our Scope – Our Stakeholders
Our Collaborators – Our Funding Opportunities – Our Outcomes
Kindly RSVP with your plan to attend to:
Accelerate Ocala First Step Fund, LLC
A non profit evergreen fund to support Cash Collateral Loan
Guarantees to qualified start-ups businesses in Ocala -
Marion County, FL.
WEI/e3 – the key resource & catalyst for developing women entrepreneurs in Ocala Marion County
Embrace : To identify emerging, evolving & experienced women entrepreneurs
Empower : To foster professional growth opportunities to include: Mentoring – Networking - Training
Enrich: To provide women entrepreneurs access to potential funding sources & business support services
Our Partners
Together we can
realize what
each is fully
capable of . . .
Let us work
together in new
ways towards each
other’s noble goal. .
.building community!
116 S. Magnolia Avenue Suite 3
Ocala, FL 34471 352-507-8116
352-804-0306 www.ocalafoundation.org/non-profits/ Photograph courtesy of Barb Trow
Thank You to the organizations below who have contributed to this
presentation:
The Council on Foundations www.cof.org
The Florida Philanthropic Network www.fpnetwork.org
The Community Foundation of Tampa Bay www.cftampabay.org
The Gainesville Community Foundation www.gnvcf.org
The Community Foundation of Central Florida
www.cfcflorida.org The Community Foundation of Texas
www.cftexas.org The Community Foundation for Southeast
Michigan www.cfsem.org
Guidestar www.guidestar.org