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all about Montana’s future
Orientation to the Community Foundation Sector
Cathy Cooney, Program Director
Learning Objectives
What is a Community Foundation?
What is a Community Foundation supposed to do?
What does the Community Foundation sector look like in Montana?
What are the resources you can connect your local community foundation with?
What is a Community Foundation?
Philanthropic savings account
Vehicle for donors to leave a legacy
A leadership organization
The Three Roles of a CF
Asset Development
Grantmaking & Project Funding
Leadership
#1 Asset Development
Intergenerational Transfer of Wealth
Biggest intergenerational transfer of wealth happening now!
Example:Jefferson County:10-year TOW=$135,990,0375%= $6,799,502 Annual grantmaking= $339,975
Recommended Fundraising Strategies
Attract gifts of income to build loyal donor base (through letters, visits, individual cultivation, etc)
Attract gifts of assets• Planned Gifts• Bequests
Build relationships with Financial Advisors
Avoid being dependent on fundraising events!!!
Success Stories
Sizable Bequests/Major Gifts: Beacon CF, Broadwater CF, Missoula CF, Roberts CF, Valley County CF
Future Bequests/Major Gifts: Greater Polson CF, Wibaux Endowment Foundation
Planned Gifts: Flathead CF, Lewis & Clark CF, Red Lodge Area CF, Seeley Lake CF, Whitefish CF
#2 Grant Making and Project Support
Grantmaking for CFs
The Biggest Questions:
What is the value-added for donors to give charitable support through us??
What is the difference between individuals giving a gift to charity and a CF giving a
grant to a charity?
Recommended Grantmaking Strategies
Investigate community needs. Look at the data!
Go beyond just responding to competitive grant proposals. Where are the needs, opportunities?
Experiment with new approaches.
Grant initiatives?
Long-term projects?
NP Capacity building?
Success Stories
Data-Driven grantmaking: Park County Community Foundation
Project Funding: Seeley Lake CF, CF for a Better Bigfork
#3 Leadership
Examples of Leadership
Nonprofit Capacity Building
Fiscal Sponsorships
Community visioning, planning sessions
Project work with multiple partners
Fundraising campaigns
Success Stories
Missoula CF/Seeley Lake CF-Norman McLean Trail
Greater Polson CF-Envision Polson Project
Red Lodge Area CF-Reviving the Red Lodge Area Economic Development Corporation, C3 nonprofit capacity building
What does the sector look like in Montana?
75 CFs
Many are affiliates with a “lead” foundation.
Statewide Council for marketing, training
CFs in Montana Google Group
Technical assistance through MCF
Does your community have a CF?
Questions?
Want a presentation in your community about starting a new CF (or reviving an existing CF)?
Cathy Cooney
441-4954
