BOUL OULDER DER JUNCTION CTION In sh In short rt, who ar wh - PowerPoint PPT Presentation

BOUL OULDER DER JUNCTION CTION

In sh In short rt, who ar wh are e we we? BOUL ULDER ER JUNCTION TION • A n ot ot-for or-profi profit, t, commun munit ity y corpo rporat ration ion • Cre reated ted by by a gro roup up of vo voluntee nteer r cit itiz izens ens • For r the he be benefit it of the he Boulde lder r Junction ction Commun munity ity

Strengthen henin ing g our Co Communi nity ty Pr Protect ecting ing What’s Good Enha En hancing ncing our r Qu Quality lity of Lif ife

History BOUL ULDER ER JUNCTION TION Sp Spri ring, ng, 2010 10 Ex Expl plorat oratory ory Mee eetin ings gs • The time was righ ght. • The community unity has needs. • Communi munity ty nonpro rofi fits ts who could use additi tional onal help. • Recent nt funding g issues ues with comm mmun unity ity center r & li library ary expansion. nsion. • There e were commi mitted tted citizens ns willing ng • A strong ong sense that there are to volunt ntee eer r their r time. willi ling ng donors rs who care about BJ.

History BOUL ULDER ER JUNCTION TION • Fo Formed d St Steerin ing g Beginn innin ing g in in Committee ittee May, Ma y, 20 2010 10 • Me Met 12 12 tim imes throu rough gh the sum ummer • Resea earch rch & D & Dis iscussi ussion on • Develop loped ed organizational anizational structu ucture re

10 10 Adva vantages tages of a Fo Foundation ndation BOUL ULDER ER JUNCTION TION 1. 1. Founda ndations tions ha have e a s successful essful tr track re record rd nati tiona nally ly in all sizes es of comm mmunities: nities: Ope pera rati ting ng since ce th the e ea earl rly 1900’s; 700 nationwide, 25 billion in assets (2005 data) In Wiscon consin sin, Milwaukee kee Foundati ation n (1915) 2. 2. Per ermane anence nce: : We e focus s on th the l e long te term rm – th thro rough h building ing endowment en owment funds th that gr t grow and ben enefit efit th the c e communi munity ty fore reve ver r – so we don’t compete with local nonprofits. 3. 3. Flex exibilit ibility: y: We e are re a a local org rganiza zation tion with th th the e flex exibilit ibility y to help meet BJ’s changing needs through changing econ ec onom omics cs into to th the e futu ture re. Can re respo pond d to to opp pport rtunit nities ies with th hi high h impa pact. t.

10 10 Adva vantages tages of a Fo Foundation ndation BOUL ULDER ER JUNCTION TION 4. Maxim imum um Ta Tax Ad Advanta tages: es: Can offer er th the g e gre reate test t ta tax advantag tages es as an an I IRS 501(c)(3) 3) pu public cha hari rity ty (th thro rough h our r pa part rtner er & in th the fu e futu ture re th thro rough h th the BJ e BJCF CF.) 5. Effect ective ive & Efficient cient Administr nistration: tion: Th Thro rough h a pa part rtner ership hip with th th the C e Commu munity nity Founda dation tion of Nort rth h Ce Centr tral Wiscons consin, in, ope pera rati ting ng ex expe penses ses are re kep ept t to to a nomies of scale . . minimum nimum due e to to ec economies 6. Simp mplicity: licity: We e are re ab able e to to accep ept t a w wide e vari riet ety y of asset ets – fro rom cash h to to sto tock k to to pr prope pert rty to to beq eques ests ts. 7. Per erson sonalized ized Donor or Ser ervice: ce: We e can be e flex exibl ible e & responsive to each donor’s unique wishes – small or r larg rge. e.

10 Adva 10 vantages tages of a Fo Foundation ndation BOUL ULDER ER JUNCTION TION 8. 8. Multi tiple ple Cha hari riti ties es: : One e simpl ple e gift t to to th the C e Communi unity ty Foundation can fulfill a donor’s multiple charitable inter terests. ests. 9. Leg 9. egacy: y: We e are re ab able e to to he help d p donor ors s cre reate te an individu dividual l or f r family y leg egacy. Th The e donor or cho hooses ses th the e name e of hi his/he her r fund and gra rants ts are re m made e in th thei eir r name e in pe perp rpet etuity. ty. 10. Pre reserv erve e Donor or Inte tent nt: : The donor’s original intent is always ho honored, red, ev even en as co comm mmunity nity nee eeds s and org rganiza izations tions cha hange. e.

Steering Committee’s Fi First st Activity? y? BOUL ULDER ER JUNCTION TION A Mission Statement to Guide the Foundation

Mis issi sion on St Stat atement ent “ The mission of the Boulder Junction Community Foundation Inc. is to develop and promote efforts to preserve and enhance the strength and vitality of the area for present and future generations.”

Foc ocus us Are reas as of of Ou Our Mi r Miss ssio ion

A Partner r to As Assis ist wit ith Admin inist istrat ration ion BOUL ULDER ER JUNCTION TION Community unity Fo Foun undation ation of No. Centra tral l Wis iscons onsin in 1. 1. All llows ws BJCF CF to operat ate e as as full ll foundatio ation n without ut higher expens nses es of an an office & s staf aff f required red to ad admi ministe ster r a a founda dati tion. on. 2. 2. An estab abli lishe shed d foundatio ation n with proven trac ack k record d in existe tence nce since 1987. 7. 3. 3. Expert ert staf aff to han andl dle investments, ments, prima mary y recordkee rdkeepi ping, ng, nonprofit fit tax ax requirement rements, s, an and other business ess ma matter ers. s.

A Partner r to As Assis ist wit ith Admin inist istrat ration ion BOUL ULDER ER JUNCTION TION Community unity Fo Foun undation ation of No. Centra tral l Wis iscons onsin in 4. IRS recogn gnized zed Section on 501(c) (c)(3 (3) ) tax ax exemp mpt t org. 5. Has 5. as other r comm mmunity unity af affili liat ates s – Merrill ll, , Tomahawk, mahawk, Antigo, go, an and Man anitowis owish h Wat aters. s. 6. Char 6. arges ges an annual al fee - 1.5% % of BJCF CF as assets.

De Develo eloping ping a Le Legal al Str truc uctu ture re BOUL ULDER ER JUNCTION TION • Septembe mber − Voted to mo move forwar ard d with the Found ndation ation. − Final alized ed Byl ylaws. aws. − Establ ablish shed ed a 9 a 9-me member mber Boar ard. d. • Oc October er – File led d Articles les of Incorporati poration on & b becam ame a a Wisconsi onsin n nonstoc ock k corporati oration. on. - Forma mali lized zed par artnersh rship ip with CF of NCW an and establ ablishe shed d general al endowment ment fund for BJ.

De Develo eloping ping a Le Legal al Str truc uctu ture re BOUL ULDER ER JUNCTION TION • Near ar Future ure − Register er as as a C a Char aritab table le Or Organ aniza zati tion on with the Wisconsi onsin n Dept. of Regulati lation on & L Licensing sing. . − Apply ly to the IRS for Section on 501(c) (c)(3) (3) stat atus. us.

Abou Ab out t us us . . . . . BOUL ULDER ER JUNCTION TION 1. 1. A not-fo for-pro profit it Wiscons nsin in nonstoc tock k corporati ration on 2. 2. No shar areholders olders or me memb mbers 3. Man anage aged d by a 9 y a 9-memb member er boar ard of director tors • Volu lunte teer er privat ate e citizens ns • Independent ndent • 1, 2, & 3 ye year ar terms ms of office

Abou Ab out t us us . . . . . BOUL ULDER ER JUNCTION TION 4. Officers ers are ele lected d by the Board Amy my Wheele ler r Dennis s Auks kstik ik President dent Vi Vice Pr Preside dent nt Lesli lie Ga Gauberti rti Irene e Gr Grav avell lle Treas asur urer er Secretar etary

Ab Abou out t us us . . . . . BOUL ULDER ER JUNCTION TION 5. Tran anspar parency ency of operat ation ions s is imp mportant ant − Articles les of Incorp rporati oration, on, Byl ylaw aws, s, an and d Boar ard d minutes will be posted on the foundation’s website − Boar ard d me meetings gs ar are open to the publi lic 6. Commun mmunication cation li lines ar are being develo loped − Founda dati tion on PO PO Box 675 75 – see our brochure ure − Website e is u under develo lopment ment − Futur ure e di discussio sions ns with BJ ar area a nonprofi ofit t organi aniza zati tions ons

Fe Feature res s of the he Boulde der r Ju Junc nction n Co Communit nity y Fo Found ndation on 2 Broad, ad, Flexible e Purpose pose 1 3 Focus us on Permanent manent Person rsonal alized zed Giving En Endowm owments ents

Pe Permane nent nt En Endo dowme ment nts BOUL ULDER ER JUNCTION TION Focus Fo us on Pe Perm rmanent nent En Endowment wments • Beg egin with Gen ener eral BJ E Endowme ment • Raise e funds, , inves est & p protec ect the e endowment’s principal forever • Build ld per erma manen ent comm mmunity ty capital al • Cr Crea eate e donor leg egac acies es • Distrib ribute ute ea earnings via grants