Regional Affiliate Foundations
The Harry Cooper Supply Company Campaign for the Ozarks is designed to build and strengthen the community-based philanthropy efforts of nearly 40 regional affiliate community foundations. CFO has made available a $25,000 matching grant made possible by the generosity of the Harry Cooper Supply Company. This dollar for dollar challenge grant is part of an overall regional effort to:
- Enhance community grantmaking endowments
- Establish administrative/operations endowments
- Promote appropriate and best practices by community foundation board of directors
Participating affiliate foundations have raised more than $419,000 in response to the campaign as of March 1, 2008. The Aurora Area Community Foundation announced in February that they had raised the full $25,000 to be matched (see our web site, cfozark.org, for the full story). Four community foundations, the Community Foundation of Southwest Missouri, Marshfield Area, Mt. Grove Area, and Ozark County, have received a of $25,000 from individual donors offering a secondary match to the campaign.
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Since 1993, the Community Foundation of the Ozarks has offered community foundation services to smaller communities and rural counties in the Missouri Ozarks. CFO now has 40 regional foundations with total assets of approximately $35 million. Each affiliate has its own governance board and for the most part operates as an autonomous organization. The Community Foundation of the Ozarks provides an array of important services to its affiliated foundations:
- Investment management driven by proven endowment building strategies
- Administrative support
- Technical assistance
- Ongoing consulting
- Board development
- Educational and marketing materials
- Legal Counsel
- Networking opportunities
- Since 2000 the Community Foundation of the Ozarks has provided more than $5.8 million in matching funds, challenge grants, and leveraged funding to its affiliate foundation and nonprofit partners.
- Fees are three-quarters of one percent annually (75 basis points) of the market value of the fund