Community Foundation

1
Community Foundation Element of Mining Company
Community Legacy ?

• IFC, June 2006
• Juraj Mesik
• Sr.Community Foundations Specialist, SDV
• jmesik_at_worldbank.org

2
What are CFs ?Six Basic Characteristics

• 1. Mission is broadly defined (like to improve
  quality of life in community)
• 2. Geographically defined community
• 3. Grantmaking foundations (but many also do
  their own programs)
• 4. Broad range of donors - seek contributions
  from inside and outside of community
• 5. Governed by board reflecting community
• 6. Builds endowment, element of perpetuity
• 7. Independent registered legal entity

3
3 keys to sustainability1. Broad range of donors

• More donors higher stability, more
• perspectives, more local ownership
• Large, middle, small private as well as public
  even people of modest means
• Donors element of social capital fundraising
  is friend-raising
• Funding pyramid O
• ooo
• ....

4
3 keys to sustainability2. Builds endowment

• Capital invested, revenues used
• Gives CF possibility to respond to emerging
  threats and opportunities
• Challenging in poor communities requires strong
  commitment
• Start with development plan and stepbystep long
  term approach

5
3 keys to sustainability 3. Trust local
ownership - board reflecting community

• Reflective of community gender balance, ethnic
  and religious groups, social strata, professional
  back-grounds, NGOs, LG, private sector
• Committed to strict conflict of interest policy
• Volunteers not paid, no allowance hunters, 3 W
  and 3 G rules apply

6
CFs and corporate foundations US comparison,
2005

• Largest CFs by assets (mln. US) NY 1810,
  Cleveland 1632, Chicago 1 324, Tulsa 1 255,
  Marin 1153, Kansas City 895, Columbus 809,
  California CF 762, Silicon Valley 760 .
• Largest corporate foundations
• Wells Fargo 556, Alcoa 512, Verizon 425,
  Pfizer 358, Fidelity 323, General Motors 255,
  ATT 233, Goldman Sachs 200, Met Life 170, IBM
  164, Merck 161

7
Useful Websites about CFs

• Global
• http//www.wings-cf.org/global_report2004/index
  _e.cfm
• - South Africa www.donors.org.za/CF/cf_profiles.h
  tml
• - Poland www.filantropia.org.pl
• - Canada www.community-fdn.ca
• - United Kingdom
• www.communityfoundations.org.uk