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- Gifts to the Foundation
are used to increase its permanent endowment fund, from which only the
income is used for grants. In this manner, donor gifts are never spent
and will continue to benefit the community (or the particular benefit
specified by the donor) in perpetuity.
Has
our Community Foundation been following these practices?
Since our founding in 1992, grants to non-profit groups in San Benito
County have exceeded $250,000. However, until now, we have not attempted
to build a significant endowment fund such as exists in our neighboring
community foundations (Monterey - over $65 million, Silicon Valley - over
$600 million or Peninsula - more than $400 million).
Why
Now?
Remarkable changes have occurred during the past decade that have transformed
San Benito County from a primarily agricultural area to a larger, more
diversified and increasingly more affluent population. Our county has
grown to the point where it can afford to support a foundation with sufficient
endowments to enable it to make major contributions to our community.
It is estimated that more than 80% of the charitable planned giving generated
in our County leaves our County! We believe that it is now appropriate
to make a concerted effort to help ourselves and join the growing number
of successful community foundations that have been established throughout
the country.
How
do you intend to accomplish all of this?
By building an organization staffed by professionals with the know-how
and ability to offer the full array of benefits to potential individual,
estate and business donors. We also plan to seek grants from large national
foundations interested in encouraging and supporting our community efforts.
What
do you need to succeed?
What we are doing is the equivalent of starting a new business. Like any
other new enterprise, we need working capital for staff, space, office
equipment, marketing materials, etc. In time, we anticipate that our endowment
will become large enough to make it self-sustaining. However, to cover
our startup operating costs, we are seeking Benefactors
who will contribute $2,500 each. In this regard it should be noted that:
- These contributions
are fully tax-deductible.
- Each of our Benefactors
will receive recognition as such, unless they wish to be anonymous.
- Most importantly,
every Benefactor will have the satisfaction
of knowing that they have enabled the creation of a philanthropic entity
dedicated to the benefit of San Benito County and its people, forever!
Complete this pledge card
to become a Benefactor, click here.
How
Can I become a Benefactor?
Giving back to your community has never
been easier. You may print out and mail to us the Benefactor
Form. Click here to download our form. Simply
contact our Director: Gary Byrne by telephone at (831) 630-1934, or via
e-mail at gbyrne@cffsbc.org.
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The
Community Foundation For San Benito County
719 San Benito St., Suite G
Hollister, CA 95023
(831) 630-1924
Fax: (831) 630-1934
©
2003, The Community Foundation for San Benito County.
All Rights Reserved.
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