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Formation | 1964 |
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Founder | The Foundation was founded in June 1964 by eleven civic leaders who wanted to use the Foundation as a tool for community development. |
Type | Nonprofit |
Focus | Mission Statement: Connecting donors with the causes they care most about. |
Headquarters | Baton Rouge, Louisiana, USA |
Location |
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Area served | South Louisiana |
Members | ~450 |
Key people | Chris Meyer, president and CEO |
Employees | ~28 |
Website | http://www.braf.org |
Baton Rouge Area Foundation ("The Foundation") is a community foundation dedicated to enhancing the quality of life in Louisiana's capital region, and is registered with the IRS as a 501(c)(3) tax-deductible nonprofit organization. Since inception, the Foundation has granted over $650 million.
In addition to grants, the Baton Rouge Area Foundation has launched community initiatives projects.[ citation needed ] The Foundation has partnered with local government and businesses to revive downtown Baton Rouge. It underwrote a master plan for downtown, renovated an abandoned hotel and built more than 200 apartment units in the city center. Other civic projects include developing The Water Campus, [1] a place dedicated to provide water science and management to imperiled communities around the world; improved services for people with mental health and addiction issues; the creation of a master plan for preserving the City Park lakes system; and launching New Schools for Baton Rouge to draw the best charter schools to Baton Rouge.
In 1964, a group of 12 Baton Rouge business leaders created the Foundation to raise money and purchase land for the Gulf South Research Institute (GSRI) to locate offices in Baton Rouge. Since then, the Foundation has pursued its work by connecting donors to the causes they care most about.
In assets, BRAF is now ranked among the top 50 community foundations in the country in an annual survey by the Columbus Foundation. [ citation needed ]
The foundation's grant making teams performed hundreds of assessments, identified pressing needs for displaced residents, and issued over $600,000 in emergency grants to aid organizations and shelters within 10 days of Hurricane Katrina making landfall. During the recovery, it continued to help displaced residents by providing funding for basic human needs, physical and mental health, education, and employment.
A project launched by the foundation in 2008 uses Economic indicators] to measure the quality of life in East Baton Rouge, to help created a shared vision among residents. The project uses a total of 50 quality-of-life indicators that measure categories such as economy, education, public safety, and health. CityStats is funded by the Foundation, its donors, and members.
The Northshore Community Foundation was established in January 2007 with financial assistance from the Baton Rouge Area Foundation. It is run by an independent board of directors representing St. Tammany, Tangipahoa, Livingston and St. Helena parishes.
The foundation provides financial support for the Community Foundation of Southwest Louisiana, which is operated by an independent board based in Lake Charles, Louisiana. It serves five parishes (counties) - Allen, Beauregard, Calcasieu, Cameron, and Jefferson Davis.
The Ernest J. Gaines Award for Literary Excellence is an annual literary award that recognizes an emerging African-American author of fiction. The book award honors the accomplishments of Gaines, a Louisiana native and resident. Past winners include Jacinda Townsend, Nathan Harris, Gabriel Bump, Bryan Washington, Jamel Brinkley, Ladee Hubbard, Crystal Wilkinson, T. Geronimo Johnson, Mitchell S. Jackson, Attica Locke, Stephanie Powell Watts, Dinaw Mengestu, Victor LaValle, Jeffrey R. Allen, Ravi Howard, and Olympia Vernon. The winners receive a $15,000 cash prize.
The Foundation underwrote the master plan to preserve and beautify the City Park lakes. With local government and state partners, the Foundation helped raised $50 million to implement the first phase of the project.
The foundation and its donors created New Schools for Baton Rouge, [2] a nonprofit to recruit and provide resources to charter schools. It is working to improve failed schools that were taken over by the state of Louisiana.
The Baton Rouge Area Foundation is governed by directors who are appointed for three-year terms. Members may serve two consecutive terms, after which they must rotate off for at least one year. The board has fifteen at-large directors elected by the members. The immediate past board chair serves as a member of the executive committee and member of the Board, as does the chief executive officer of the foundation. Founding chair John W. Barton Sr. has a permanent seat as chair emeritus on the board and its executive committee.
Members of the Baton Rouge Area Foundation provide the resources that drive the administrative activities and leadership programs they undertake on an annual basis. Without membership dues the staff could not continue to provide the support that they offer to both the nonprofit agencies and their donors.
The Baton Rouge Area Foundation unites human and financial resources to enhance the quality of life in South Louisiana.
To achieve the mission, The Foundation:
The foundation serves eight parishes that make up the Greater Baton Rouge Area: Ascension, East and West Baton Rouge. East and West Feliciana, Iberville, Livingston, and * Pointe Coupée
Establishing a fund with the foundation allow donors to connect their philanthropic giving to the issues and nonprofits that interest them most. Different types of funds that can be established.; they provide a tax deduction associated with a charitable donation. [3] They are:
A donor-advised fund is a charitable giving vehicle administered by the Foundation and created for the purpose of managing charitable donations on behalf of the donor. A donor-advised fund offers the opportunity to create an easy-to-establish, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation.
A field of interest fund is a fund created to help a specific area, such as education, that the donor is interested in. Field of interest funds are managed by the Foundation and its board of directors.
Unrestricted funds, to pay for emerging opportunities that benefit the community as a whole. Such Unrestricted funds allow the Foundation' o have flexibility in funding large projects such as the Shaw Center for the Arts. [4]
Scholarship funds are established to assist college students with grants that help cover the cost of tuition, room, and board. The foundation assists the donor in the selection process.
Tides Foundation is a left-leaning donor advised fund based in the United States. It was founded in San Francisco in 1976 by Drummond Pike. Tides distributes money from anonymous donors to other organizations, which are often politically progressive. An affiliated group, Tides Advocacy, is a "massive progressive incubator." Tides has received substantial funding from George Soros.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments. In this method, a fund consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions.
Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States. Private foundations are typically endowed by an individual or a single family.
Richmond Jewish Foundation is a charitable foundation based in Richmond, Virginia, USA. It is a non-profit organization.
Old South Baton Rouge (OSBR) is a project aimed to help revitalize the area between Louisiana State University and Downtown Baton Rouge. The area encompasses about three square miles. The project/initiative was launched by the Baton Rouge Area Foundation with a goal to form a long-term strategic plan and help the neighborhood eventually establish its own 501(c)3 non-profit status to continue the project. The project is currently being overseen by employees of the Baton Rouge Area Foundation and the Center for Planning Excellence, as well as, a Partnership Board that was elected by residents of the Old South Baton Rouge community. It is estimated that the poverty level in the area is around 50% which is considered by the United States as a High Poverty Area. One of the main obstacles is to overturn the "culture of poverty" to which the area has become accustomed in the past several decades.
A foundation in the United States is a type of charitable organization. However, the Internal Revenue Code distinguishes between private foundations and public charities. Private foundations have more restrictions and fewer tax benefits than public charities like community foundations.
Western Indiana Community Foundation ("WICF") was incorporated on November 30, 1990 for the betterment of Fountain County, Indiana and Vermillion County, Indiana and its citizens. The community foundation is a U.S. registered 501(c)(3) non-profit charity.
The Fremont Area Community Foundation is a philanthropic organization in Fremont, Michigan. Founded in 1972 to serve the people of Newaygo County, it is one of the largest community foundations in the United States on a per capita basis, serving a population of 50,000 with net assets of approximately $218 million. It comprises more than 400 separate funds, and has two supporting organizations and three geographic affiliates.
The Boston Foundation is a community foundation established in 1915. Serving the city of Boston, Massachusetts, it is made up of nearly 1,100 separate charitable funds established by donors over more than 100 years. Funds are set up for the community or for special purposes, such as supporting individual non-profit organizations or particular causes. Since 2001, the Boston Foundation has commissioned and published research, hosted forums and platforms for discussion and public policy development, and joined or formed coalitions addressing issues around individual-, systems- and root-level causes of inequity facing Boston and the region.
The San Antonio Area Foundation is a 501(c)(3) nonprofit organization established in 1964 as a community foundation. The San Antonio Area Foundation manages and administers charitable funds for individuals and organizations in San Antonio and South Central Texas. The Area Foundation Board of Directors are community volunteers who give guidance and oversight. The Area Foundation has an grants program and is a partner with San Antonio city government and other nonprofit entities in community initiatives.
Drummond MacGavin Pike is an American philanthropist and progressive political activist. He founded the Tides Foundation in 1976 and served as its president until 2010. He currently serves as a principal at Equilibrium Capital Group. Pike helped pioneer the advent of donor-advised funds in philanthropy.
The Illinois Prairie Community Foundation (IPCF) is a community foundation that helps connect donors with those causes they wish to benefit. It serves McLean, Livingston, DeWitt, Logan and adjacent areas of Tazewell, Woodford, LaSalle, Ford and Piatt counties. The IPCF is in full compliance with the national standards developed by the Council on Foundations. It facilitates charitable giving for individuals and businesses, helps organizations with their endowment funds, and serves as a fiscal agent for charitable community projects. A donor-advised fund at the Community Foundation is an economical and simplified version of a private foundation.
The Baltimore Community Foundation (BCF) is a community foundation created by and for the people of Baltimore to serve the current and future needs of the Baltimore region.
The Harold Grinspoon Foundation (HGF) is a private foundation established in 1993 and located in Agawam, Massachusetts. It is a 501(c)(3) nonprofit organization charitable organization with the goal of "enhancing Jewish and community life in Western Massachusetts, North America, Israel, and beyond."
The Big River Economic and Agricultural Development Alliance, most commonly referred to as BREADA, is a non-profit organization with headquarters in Baton Rouge, Louisiana. BREADA is the parent organization of the Red Stick Farmers Market and the Main Street Market.
The Tiger Athletic Foundation (TAF) is a private, non-profit corporation dedicated to supporting Louisiana State University (LSU) and its athletics program. It is the primary source of private funding for LSU athletics and contributions to TAF benefit every athlete and every team at LSU. TAF has become a critical element in the success of LSU Athletics by providing private funding for scholarships, academic rewards, new athletic facilities and facility upgrades. In addition to contributions to the athletic scholarship fund, TAF will continue to provide funding for academic programs and facilities that benefit all LSU students.
The Chicago Community Trust is the community foundation serving Chicago, suburban Cook County, and the Illinois counties of DuPage, Kane, Lake, McHenry, and Will. Established on May 12, 1915, it is the third largest community foundation in the country as of 2019, with assets of more than $3.3 billion. The Trust awards more than $360 million annually in grants and has awarded more than $2 billion in grants since its founding. The Trust received gifts totaling almost $469 million during the 2019 fiscal year.
The Foundation for the Carolinas is a donor-advised charity with a non-exclusive focus on North Carolina and South Carolina.