 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations .(July 2013) |
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| Location | |
|---|---|
Area served | Northern Colorado |
Key people | Kristin Todd President |
| Website | www.nocofoundation.org |
The Community Foundation of Northern Colorado is an independent philanthropic organization that serves the Northern Colorado community including Berthoud, Estes Park, Fort Collins, and Loveland.
Like other community foundations, this a permanent nonprofit organization working in a specific geographic area to manage a collection of charitable funds. Donations to the funds are tax-deductible and grants from the funds are distributed to nonprofits, schools, and churches. [1] A Community Foundation operates by charging a modest annual fee on the funds it manages.
The Community Foundation's work to strengthen and sustain Northern Colorado keeps them connected with and accountable to Northern Colorado residents—past, present, and future. Every resident of Northern Colorado benefits from the legacy and strategic planning of previous generations.
Hundreds of individuals, families, businesses, and nonprofit organizations have established funds at the Community Foundation of Northern Colorado. They entrust their resources—in the form of cash, real estate, stock, estate gifts, and more—to the Community Foundation and depend on it to be the long-term steward of these assets.
In the fall of 1975, Fort Collins, Colorado] was a small college town of approximately 60,000 people on the verge of major growth., and there was a need for a nonprofit organization to collect charitable contributions for local purposes. Initially, the foundation was called the Fort Collins Community Foundation before expanding to serve a greater Northern Colorado region. The Community Foundation of Northern Colorado grants out millions of dollars each year and has grown to more than $70 million in assets.
Community leaders and donors have used the foundation as a platform to launch and fund new initiatives such as UniverCity Connections, Homeward 2020, FortZED, Veterans Plaza of Northern Colorado, and the Rialto Bridge Project. Memorial funds, large and small, have been established to carry on the memory of loved ones. The Foundation serves as the infrastructure for community projects such as Inspiration Playground and as the platform for launching new nonprofits like Project Smile and CHAMP.
Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
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.
Lilly Endowment Inc., headquartered in Indianapolis, Indiana, is one of the world's largest private philanthropic foundations and among the largest endowments in the United States. It was founded in 1937 by Josiah K. Lilly Sr. and his sons, Eli Jr. and Josiah Jr. (Joe), with an initial gift of Eli Lilly and Company stock valued at $280,000 USD. As of 2020, its total assets were worth $21 billion.
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.
Baton Rouge Area 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.
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.
The New York Community Trust is the community foundation for New York City, with divisions in Westchester and Long Island. It is one of the oldest and largest community foundations in the United States and one of the largest funders of New York City's nonprofits.
The California Community Foundation(CCF) is a philanthropic organization located in Los Angeles, California. Foundation Center, an independent nonprofit organization, ranks it among the top 100 foundations in the nation by asset size and total giving. Among all community foundations, CCF is 5th by total giving and 7th by asset size, as of the fiscal year that ended 6/30/12.
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.
Until 1969, the term private foundation was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income.
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.
National Philanthropic Trust (NPT) is an American independent public charity that provides philanthropic expertise to donors, foundations and financial institutions. NPT ranks among the largest grantmaking institutions in the United States.
The Community Foundation of the Eastern Shore (CFES) was established in 1984, and is located in Salisbury, Maryland. Its mission is to "To strengthen our community by connecting people who care with causes that matter to improve quality of life in our region" and its vision is for "...a community where all can live, learn, work, create and prosper". It serves the three lower counties of the Eastern Shore of Maryland: Somerset, Wicomico, and Worcester.
El Pomar Foundation is a private, general purpose foundation established in 1937 by Spencer and Julie Penrose. With a mission to “enhance, encourage, and promote the current and future well-being of the people of Colorado,” El Pomar Foundation provides more than $22 million annually in grants and programs throughout the state.
The Delaware Community Foundation (DCF), one of more than 750 community foundations in the United States, is a nonprofit organization that establishes and manages charitable funds for individuals and organizations primarily from the state of Delaware and surrounding areas. Fundholders include individuals, families, businesses and organizations. The DCF awards annual grants of approximately $15 million and manages over $280 million in assets. The organization's 25th anniversary celebration in 2011 was attended by Vice President Joe Biden, who served as one of Delaware's U.S. Senators for 36 years.
Community Funded is a crowdfunding platform based in Fort Collins, Colorado allowing project creators to create one or more fundraising projects on the site with the goal of helping people and organizations with projects find the ideas, funding, and resources they need to be successful.
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.
1. "History". Community Foundation of Northern Colorado. Retrieved 2013-06-24
2. "2011 Annual Report". Community Foundation of Northern Colorado. Retrieved 2013-07-09
3. "Community Foundations". Council on Foundations. Retrieved 2013-07-09
4. "Heroism During High Park Fire Celebrated at This Year's Philanthropy Dinner". The Coloradoan. Retrieved 2013-07-25
5. "Community Foundations Know Their Local Needs". The Denver Post. Retrieved 2013-07-25
6. "Community Foundation Hold Annual Celebration". Northern Colorado Business Report. Retrieved 2013-07-25
7. "Manufacturing Firm Gift Puts Community Foundation Over $50M Mark". Northern Colorado Business Report. Retrieved 2013-07-25