San Antonio Area Foundation

Last updated

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 a grants program and is in partnership with San Antonio city government and other nonprofit entities for the community initiatives. [1]

Contents

Mission

The San Antonio Area Foundation's mission is to help donors achieve their charitable goals for the greater benefit of the community long-term, to help the city of San Antonio give back into its own community. [2]

Grants philosophy

Honoring donors' wishes for the betterment of the community is the fundamental principle behind the San Antonio Area Foundation’s grant distribution process. Grants from Donor Advised Trusts and Funds are made throughout the year based upon receipt of donor recommendations. The Area Foundation also awards annual Community and Research Grants from permanent trusts and funds through a competitive proposal process. [3]

In the year 2015, the Foundation granted $1 million or more to the following organizations: San Antonio Botanical Garden, YMCA of Greater San Antonio, Southwest School of Art, Any Baby Can, Morgan's Wonderland, Witte Museum, UTSA College of Sciences, and San Antonio Museum of Art. [2]

Knight Foundation NOWcastSA Grant received

The San Antonio Area Foundation received a matching grant for $488,500 from the John S. and James L. Knight Foundation [4] to fund NOWcastSA, a grassroots project of the Alamo Area Community Information System (AACIS) [5] administered by the San Antonio Area Foundation. [6]

NOWcastSA is a virtual public square where people share relevant news and information online. It empowers neighborhoods to define for themselves how to create, exchange, and use community information and conversation. NOWcastSA provides hands-on training for citizen journalists creating stories and information through the use of online broadcast technology and social networking. [7]

TRIAD fund

In 2007 the Dallas Foundation, the Permian Basin Area Foundation, and the San Antonio Area Foundation established funds for Texas Resources for Iraq-Afghanistan Deployment (TRIAD) Fund, collectively awarded over $11 million in support of agencies serving OEF and OIF families.

In August 2008, the Iraq-Afghanistan Deployment Impact Fund of the California Community Foundation provided additional funding of $15 million to continue this work in the State of Texas. The Dallas Foundation and San Antonio Area Foundation are now[ when? ] accepting applications from 501(c)(3) agencies providing services in their region. [8]

Related Research Articles

<span class="mw-page-title-main">Fundraising</span> Process of gathering donations

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.

<span class="mw-page-title-main">Charitable organization</span> Nonprofit organization with charitable purpose

A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.

<span class="mw-page-title-main">Financial endowment</span> Legal structure for managing investments

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.

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.

A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US.

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.

Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations. It is the product of the February 2019 merger of GuideStar with Foundation Center.

Give2Asia is an international nonprofit organization that connects corporations, foundations, and individuals with charitable projects and social enterprises across Asia. Since 2001, Give2Asia has built a network of over 2,000 grant recipients and 15,000 donors in 25 countries from Afghanistan to Australia. The organization is based in San Francisco, CA.

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 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 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 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.

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.

GlobalGiving is a 501(c)(3) non-profit organization based in the United States that provides a global crowdfunding platform for grassroots charitable projects. Since 2002, more than 1.6 million donors on GlobalGiving have donated more than $750 million to support more than 33,000 projects in 175 countries.

The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley.

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.

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.

<span class="mw-page-title-main">Marisol Deluna</span> American fashion designer

Marisol Deluna is an American fashion designer based in New York City who specializes in screen-printed fashion accessories, apparel and home décor sold under the label Marisol Deluna New York.

References

  1. ↑ "San Antonio Area Foundation 2007 Annual Report". saafdn.org. Archived from the original on 2011-07-27.
  2. 1 2 Danner, Patrick (2017-11-22). "San Antonio Area Foundation helps to 'give back' to community". San Antonio Express-News. Retrieved 2022-10-10.
  3. ↑ "Grants". San Antonio Area Foundation. Archived from the original on 2009-09-25.
  4. ↑ "San Antonio Area Foundation". Knight Foundation. August 12, 2008. Archived from the original on 2011-08-17. Date Awarded: 08/12/08 Amount: $488,500 Grant Period: 12/08/08 to 11/30/10. To develop neighborhood-based, communication focus centers to provide an online platform for sharing neighborhood concerns, social networking opportunities and charitable giving opportunities, overlooked by traditional media outlets.
  5. ↑ "Alamo Area Community Information System". aacis.info. 2009. Archived from the original on 2009-07-25.
  6. ↑ "Funding". NOWCastSA. Retrieved 2022-10-10.
  7. ↑ NOWcastSA Key message platform. Adopted by steering committee on July 15, 2009
  8. ↑ "Texas Resources for Iraq-Afghanistan Deployment". triadfund.org. 2007. Archived from the original on 2009-02-17.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.