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Its who we are and what we do.www.cfcmfoundation.org
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Community-based leadership From world of congregational
leadership
Built community
Sent helpers into the Community Similar work, different
canvas
Understanding of volunteers
Work with many opinions
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What we doWe seek to match donors to causes that they
care about most
Working
Together.
Improving Lives.
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With whom do we work?Having a broad mission, CFCM works with
individuals, groups, businesses.
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Whats our daily objective? To increase social awareness of the
need for, and
virtues of, philanthropy (charitable giving)
To broaden the tent of those who can make asignificant,
charitable difference
To simplify philanthropy and reduce its costs
To focus on community needs/wants/dreams
To discern charitable hearts
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What makes a community
foundation click? A grant-making Foundation e.g.
give grants to support charitableactivities/services
A broadly-defined mission (e.g. toimprove quality of life in
our
community/ies) Serving geographically defined
communities a city, county, orregion
An opportunity for a broad range ofprivate as well as public
donors andseekers of philanthropiccontributions primarily from
insidethe community
A multi-sector local Boardreflecting the community
A platform for building capital,which is an important element
ofsustainability
The combination of all thesebasic characteristics is whatmakes a
true communityfoundation.
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Another way to show what we do:
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How we differ from other community
philanthropic organizations We are not one main Fund,
but a collection of localFunds created by donors.
We can work with
individuals, groups,businesses, institutions. We easily create
and manage
a variety of Funds. We have a diverse,
community-based Board. We ensure donor intent
donor can change grantingchoices.
We have the broadestcommunity mission andgranting
possibilities.
We can develop Affiliate
foundation partners mostanywhere. We can share our 501c3
designation, and many of ourattributes, with other
groups,individuals, foundations orfunds.
We can help strengthenexisting nonprofitorganizations.
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Main Fund TypesDonor-Centric Donor Advised Fundthe donor
periodically recommends
how to use proceeds from a gift (Fund); an excellent,
low-costalternative to a private foundation.
Field of Interest Fundthe donor instructs grants to be given
towards a particular program area, such as education,
health,etc., rather than restricting money to one organization.
Designated Fundthe donor instructs that grant dollars to go
to one (or more) specific charity, usually in perpetuity.
Scholarship Fund--the donor invests in the future by helping
deserving students (pre-school to grad school); donors
canspecify eligibility requirements. Unrestricted Fundperhaps the
most vital, yet overlooked
charitable opportunity, the donor releases charitable energy
forthe broadest array of both timely and timeless needs.
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Present Fund Examples Ben Loeb Foundationa family foundation
Fair Enough Funda donor advised fund
Boonville Legacy Funda field of interest fundAnd 22 moreall
different, all valuable to the local
community and beyond
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How Funds
Get
Started1. Contact with individual or
group
2. Choose name for Fund3. Define interest of Fund
4. Review Procedures andBylaws
5. Make investment choice
6. Sign Establishing
Document7. Fund the Fund by wire or
check
8. Transparent 24/7 reportingbegins
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Roles that Community Foundations
often play in their community Build financial capital Build
social capital* Network with other nonprofit,
public, and/or privateorganizations on commonconcerns
Become the philanthropic centerof the community
Fill social funding gaps Help ensure a more civil society*the
norms and networks of civil society that enable
citizens and their institutions to be more productive.
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Fee ScheduleANNUAL ADMINISTRATIVE FEES ON THEMARKET VALUE OF
FUND ASSETS1.00% ON THE FIRST $500,0000.60% on the next
$500,000
0.30% on the next $2 million0.10% on the next $4 million
Funds with assets in excess of $7 million will be charged a
flat
fee of 0.25% on the total assets. The minimum fee is $250per
year. The fees stated above are the annual fees; fees arecharged to
the fund monthly based on the average fair market
value of assets. For newly established funds, the minimumannual
fee is prorated over the remainder of the year.
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CFCM Board of Directors Brent Beshore The Ad_Ventures Anne
Churchill AnnaBelleEvents Bob Gerding Gerding, Korte and Chitwood
CPAs Kee Groshong University of Missouri, ret. Darwin Hindman
Mayor, ret.
Chris Janku Atty; former Columbia City Council Greg Jones Jones
and Watkins Teresa Maledy Commerce Bank Mike Middleton University
of Missouri Jerry Murrell MD, ret. Tim Rich United Way Jim Ritter
CPS, Ret. Greg Steinhoff Veterans United Home Loans Dave Stepanek
Central Trust Co/Boone County Bank Bill Tillotson Naught-Naught
Ins. Agency Bob Wagner Columbia Insurance Group
