Central Linn Community Foundation

A Community Foundation improves lives, solves problems & creates futures …

A Community Foundation is a tax-exempt, 501(c)(3), charitable organization created by and for a community of people. It is supported by local donors and governed by a board of directors who work to build and strengthen their communities by bringing together people and organizations that want to positively improve lives, solve problems, and create futures by donating money and establishing funds.

Funds come from a variety of sources that include donations, bequests and living trusts. In turn, a Community Foundation invests contributed funds back into the community as grants to effect positive change and to help local nonprofits, which are at the heart of every strong, vibrant community.

Characteristics of a Community Foundation:
• Gives grants to support nonprofit organizations and community projects
• Operates from a broadly defined mission
• Serves geographically defined communities – a city, state, region, or district
• Receives support from private and public donors
• Seeks philanthropic contributions from within the community
• Builds capital endowments, an important element of sustainability
• Are governed by boards whose members reflect the diversity of their community


Central Linn Community Foundation 2017 Calendar

January
·      Update grant process – timeline, procedures

·      Revise grant selection criteria

·      President send out thank you letters

·      Treasurer sends out IRS donation letters

·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Post agenda and minutes on website

·      New officers take office

February
·      Put grant process in paper and on website

·      Board Meeting – First Thursday of month at 2:00 pm

·      Post agenda and minutes on website

March
·      Receive completed grant applications – March 31

·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Post agenda and minutes on website

·      CT-12 filed

April
·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Select grantees

·      Post agenda and minutes on website

·      File annual report with state

May
·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Announce grantees

·      Put announcement of grantees in newspaper and on website

·      Post agenda and minutes on website

·      Hold “Thank you Event” for donors

·      File N-90-N form

June
·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Post agenda and minutes on website

·      Reports due from prior year grant recipients

July
·      Board Meeting – First Thursday of month at 2:00 pm, Library Kirk Room

·      Post agenda and minutes on website

·      Review by-laws