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Foundations and Foundations and Fundraising Fundraising 1 iZonta iCommunicate iConnect
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Foundations and Foundations and Fundraising Fundraising
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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
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Should You File for 501 (c ) 3?
Exempt status enables Clubs to pursue grants and solicit corporate contributions
Great fundraising tool
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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
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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?
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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
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Printed Resources
Zonta Club Manual – October 2011
Section 14, US Tax Matters and Filing Requirements, pages 97-99
(Zonta International publication available on line)
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Resource for Decisions
Bonnie Odom-Brown, District 15 Treasurer
E-mail: [email protected]
1-877-829-5500
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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
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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
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Community Foundation of Southeast MI
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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
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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
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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
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Develop Resource
Connect with 1 or 2 people who can be available as a future resource
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Plan of Action
What is your next step?
What resources do you need?
What is your deadline?
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