Communities that create an affiliate foundation within the Greater Salina Community Foundation effectively pool resources for community betterment, benefit from experienced investment and administration services, and generate increased awareness of community needs and citizens’ philanthropy.
Pooling Resources for Community Betterment
- An affiliate program is a permanent, steady, and secure source of grant making that addresses present and future community needs.
- The affiliate provides a catchment for bequests and other gifts (both large and small) that will benefit the entire community.
- Funds established with the affiliate are an attractive option to donors, particularly those who wish to make large gifts or leave a gift by bequest, since the donation is maintained in perpetuity and is not expended for short-term operating costs.
- Those who give to funds with the affiliate often become more involved and provide leadership for philanthropic organizations and endeavors. An affiliate foundation can be a powerful force in mobilizing community advocates.
- Growing communities are strengthened by their ability to serve citizens’ needs now and for future generations
Benefiting from Experienced Investment and Administrative Services
- The Foundation’s Investment Committee is composed of board and community volunteers primarily in the fields of banking, business, finance, and investment. Presently, they allocate funds in a portfolio of low cost index funds according to a board approved investment policy.
- The Foundation can pool endowment funds for investment purposes, thus providing the benefits of a balanced portfolio, diversification, appreciation and lower internal management costs.
- Although the Foundation is almost always the most efficient choice among financial management alternatives, the Foundation does offer affiliates the possibility of “keeping their money at home” through our outside manager program.
- A simple document can establish an affiliate endowment, eliminating the need for establishing a stand-alone nonprofit corporation.
- Quarterly accountings are provided to the affiliate. On-line access to fund information and statements is available.
- Fund documents and policies and procedures are already created and ready for use by the affiliate.
- Grants are recommended by the affiliate’s governing board on a regular basis.
- Serving the Foundation is a professional administrative support staff committed to meeting its accounting/financial, program, and communication needs.
Generating Increased Awareness of Community Philanthropy
- The affiliate shares in the public relations efforts of the Foundation and is featured in print pieces such as the Foundation’s Annual Report, and on our Web site, all of which create more awareness of the affiliate among the donor community.
- The affiliate can participate in the Foundation’s special events and functions.
- Foundation staff can furnish the affiliate with publicity materials, including sample news releases, fact sheets, and other documents and communication services, on an as-needed basis.
The Foundation provides support in the form of education and materials to help affiliate boards sustain and grow the assets of their foundations. GSCF recognizes that as affiliates grow and prosper, they generate increased fee revenue, and may require less intensive administrative support. With that in mind, GSCF has adopted a rebate grant program to reward affiliates for their success and support additional good work in their communities.