Foundation Development
The largest transfer of wealth in the world is underway and without a structure to effectively raise capital you're missing out on it. theFranaGroup can help you create a foundation to capitalize on local, state and national charitable giving.
Twelve Reasons to Have Your Own Foundation
- Funds raised through foundations can't be counted as program income.
- A separate board of directors is formed; its sole purpose is raising money for your organization.
- A separate fund raising staff is created to concentrate on raising money.
- Disallowed Medicare "marketing costs" can be part of the foundation's budget.
- The foundation can build greater community visibility for your organization.
- The foundation can conduct capital campaigns.
- Foundation funds can cover renovation costs and capital expenses, eliminating any issues of federal incident of ownership of corporate assets.
- An endowment fund can be established to create wealth for future stability.
- A scholarship fund for employees' children can be created and used as a retention tool and PR event.
- You can have an annual staff campaign along with a United Way campaign.
- Deferred giving programs can be carried on by the foundation, creating future streams of charitable income.
- The foundation and your organization, if structured properly, have separate audits and file separate IRS Form 990s.