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

How is giving through a

Community Foundation

distinct?

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:

Barbara@ocalacc.com

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.

Youth

Philanthropy

I n

Action

Project Presentations in Each Class Brother's Keeper Soup Kitchen

FaTE Future Thru Education

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