Community Foundations

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Best Practices Donor Incentives
Strategies Implemented by the Elma
Area Community Foundation
Larry McGee, Vice Chair Elma Area Community
Foundation
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m
l
a
E
Area Community Foundation In the beginning
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the
beginning

• Elma City Council included endowment growth as
  part of their Comprehensive Plan
• Recognized the importance of a Community
  Foundation to the viability of their community
• Understood need to encompass other communities as
  well (Lourdes, Maple Leaf, Cecilia)

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the
beginning
Recognized opportunities to enhance
philanthropic efforts

• Gifts were not staying local
• Transfer of Wealth study showed an urgency in
  terms of timeframe for transferred gifts.
• Changing community needs require unrestricted
  support
• Wanted to move community from crisis support to
  long term growth and development

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the
beginning

• In 2004, formed a leadership team which met
  monthly
• Chose to affiliate (CF of W/CF NE IA)
• Organized to ensure diversity across the
  
  
  community
• Developed a marketing program to grow
  Foundations ability to serve the community

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strategy for awareness
t
e
h
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the
Elma Area Community Foundations Outreach
strategy

• IDEA Matching Funds
• Matching funds were secured from the local
  community development group to encourage
  unrestricted gifts to the Elma Area Community
  Foundation
• Endow Iowa Tax Credits were emphasized for
  donors-which was in addition to normal charitable
  deductions
• RESULT 7 Named Unrestricted Funds established
  with the Elma Area Community Foundation

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our
the
facts
Elma Area Community Foundations Outreach
Our Local Committee
strategy

• IDEA Partner with Local Bank
• 0 Anticipated Tax Savings Loans were available
  to potential donors.
• Give NOWand later. The program allowed donors to
  contribute to the Elma Area Community Foundation
  NOW which reduced pledging and leveraged more
  immediate impact.
• RESULT Maximized Immediate Giving

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our
the
facts
Elma Area Community Foundations Outreach
Our Local Committee
strategy

• IDEA Matching Fundsagain!
• Matching funds were once again securedthis time
  with a 50,000 donation. This incentive to match
  unrestricted as well as agency endowment or field
  of interest donations to the Elma Area Community
  Foundation.
• Zero Interest Loans and Tax Credits are both
  emphasized to encourage gifts
• RESULT Goal of 250,000 in donations to, result
  in a 325,000 endowment

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financial results
t
e
h
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financial
results
February 25, 2005 Raised 50,149.44 in
unrestricted endowment funds (first donation
in August 2004) April 2005
Awarded a 25,000 Endow Iowa Matching Grant
September 2006 Balance exceeds 140,000
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financial
results
How it works
Expendable
Endowment
Operations Fund
Kendra S. Kleespie Fund for Community Improvement
James Michael Whitinger Fund
Hoehne Family Fund
Charitable Unrestricted Fund
McGee Family Fund
Kenneth C. Roethler Family Fund
Darin Boderman Memorial Fund
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financial
results
This chart shows only growth using 140,000 and
not including anymore contributions but EACF has
been working on more contributions.
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Community impact
t
e
h
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community
impact
March 1, 2006 The Elma Area Community
Foundation announced a grant application process.
June 2006 Awarded
more than 4,100 in grant funds to 8 charitable
projects
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community
impact
2006 Grant Awards

• City of Elma- Parks and Recreation Department for
  Grandstand Restoration and Mural Project
• Elma Depot Museum- General Support
• City of Elma- Beautification Committee for Main
  St/ Busti Ave. and Flag Memorial, Flower
  Planting
• Elma Area Community Foundation-
  Outreach/Philanthropic Support
• Our Lady of Lourdes Church- Lourdes Activity
  Committee for the Lourdes Park Revitalization
• Elma Public Library- Summer Reading Program
• Friends of St. Patricks Chapel of St. Cecelia,
  Inc.- Repairs and Maintenance
• Bridge Corporation- Elma Swim Program For
  Transportation

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community
impact
ELMA AREA- a Philanthropic Leader

• Presented at Iowa Department of Economic
• Development SMART conference
• Presented at Regional Community Foundation
• Meetings
• Served on 2006 Endow Iowa Review Team
• Presented at the Northeast Iowa
• Development Conference in 2006

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Thank You! Any questions?