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walter-clay

Foundations and Fundraising - PowerPoint PPT Presentation

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Foundations and Fundraising
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  1. Foundations and Fundraising iZonta iCommunicate iConnect

  2. What do you need to know? • Zonta clubs have the same federal income tax status as ZI – non-profit tax exempt organization with 501(c )(4) status • Zonta International Foundation is a charitable non-profit organization under Sec 501(c )(3) of the Internal Revenue Service Code. Clubs have to establish a charitable 501(c )(3) status iZonta iCommunicate iConnect

  3. Should You File for 501 (c ) 3? • Exempt status enables Clubs to pursue grants and solicit corporate contributions • Great fundraising tool iZonta iCommunicate iConnect

  4. Challenges • Is someone willing to complete the application? • Should we pay for application completion -- $500-$750? • Are we prepared to: Apply for Employer Identification Number iZontaiCommunicateiConnect

  5. Challenges Continued • Are we prepared to: Write bylaws, documents? • Complete corporate status paperwork? • Do we have funds to cover User Fee? • Order and review Publication 4220? iZonta iCommunicate iConnect

  6. Donor Benefits • Certificates • Specialty awards • Invitation to special events • Advanced notice of important club information • Advanced purchase of future event tickets • Special dinners with important club members or area public figures iZonta iCommunicate iConnect

  7. Printed Resources Zonta Club Manual – October 2011 Section 14, US Tax Matters and Filing Requirements, pages 97-99 (Zonta International publication available on line) iZonta iCommunicate iConnect

  8. Resource for Decisions Bonnie Odom-Brown, District 15 Treasurer E-mail: b.e.odom203@comcast.net 1-877-829-5500 iZonta iCommunicate iConnect

  9. Council on Foundations (COF) • National membership organization for foundations • Coordinates the national standards process to ensure high standards for quality • www.cof.org/content/national-standards-us-community-foundations iZonta iCommunicate iConnect

  10. Council of Michigan Foundations • Membership organization collectively covers entire state of Michigan • For how CMF supports community foundations: www.michiganfoundations.org/ForGoodForEver • 50 out of 55 MI CommunityFoundations are certified iZonta iCommunicate iConnect

  11. Community Foundation of Southeast MI • Founded in 1984 • A membership organization covering 7 counties – Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, St Clair • Has distributed more than $615 million through 48,000 grants to nonprofit organizations • Contact: 313-961-6675 Randy Ross iZonta iCommunicate iConnect

  12. Donor Advised Fund • A charitable fund that makes giving easy • You join hundreds who have chosen a way to support charitable causes • Staff ensures recipient organization is valid • You establish and name fund; $10,000 min. • You recommend grant distributions iZonta iCommunicate iConnect

  13. Community Foundation of Canada • Vision: All communities are ready to address pressing problems like poverty, unemployment, hunger and housing. • All citizens are able to benefit from the best a community can offer. • Website: www.cfc-fcc.ca iZonta iCommunicate iConnect

  14. Develop Resource Connect with 1 or 2 people who can be available as a future resource iZonta iCommunicate iConnect

  15. Plan of Action • What is your next step? • What resources do you need? • What is your deadline? iZonta iCommunicate iConnect