Community Foundation of the Ozarks Philanthropy Initiative Phase II September 12, 2007 Community Foundation of the Ozarks works to enhance the quality of life for our citizens now and for future generations by building community endowments, meeting needs through grantmaking, providing leadership and promoting collaboration on community issues.

The Purpose The purpose of the proposed Community Foundation of the Ozarks “Philanthropy Initiative Phase II” is to utilize a challenge grant program to strengthen regional community foundation affiliates by: Enhancing community grantmaking endowments;   Establishing administrative/operations endowments; and Supporting appropriate and best practices by community foundation board of directors.

Timeline/ Projected Timeline April 12, 2006 – Affiliate conference attendees agree by consensus to endorse the exploration of a comprehensive challenge grant program. August 16, 2006 – Community Foundation of the Ozarks board of directors adopts the following FY07 action plan item: Develop a strategic plan for a “Philanthropy Initiative Phase II,” a longitudinal effort to build administrative endowments, unrestricted endowment, and provide board development for the affiliated community foundations. February 23, 2007 – Regional committee meets in Branson to develop “P.I. Phase II” framework. March 7, 2007 – Regional Committee presents “P.I. Phase II” framework to Affiliate Conference attendees for review and input. May 16, 2007 – Regional Committee presents program proposal to C.F.O. board of directors for their approval. Board approves moving forward with Philanthropy Initiative Phase II. August 30, 2007 – Leadership Challenge Grant Pool is secured and program naming is finalized. December 31, 2007 – Secondary challenges are finalized, and participating community foundations declare intent to participate. December 31, 2008 – First Phase matching program deadline. June 30, 2009 – Second phase matching program deadline and program completion.

Best Practices Engage the Board of Directors In order for your community foundation to successfully operate, you must develop an active board of directors. This board must hold regular meetings on at least a quarterly basis and have a leadership succession policy. Create and Maintain Bylaws/Standing Rules Active affiliate community foundations should have updated and accurate bylaws/standing rules to determine the practices of the organization. Conduct a Grantmaking Program Successful community foundations build unrestricted and field-of-interest funds for a community grantmaking fund. The community grantmaking program is a key factor in creating community awareness of your organization as well as continually improving the quality of life in your communities.

Steps toward Participation Board officers sign a declaration of intent with fundraising goal and plan. Must be received prior to December 31, 2007. Board officers sign an agreement that their Community Foundation will adhere to “best practices” including regular meetings, bylaws adoption, and a community grantmaking plan. Must be received prior to December 31, 2007. Participating Community Foundations will receive notification of participation from CFO.

Example Community Foundation #1 $25,000 Challenge Grant raise $25,000 _______ total $50,000 with $12,500 for administrative endowment

Example Community Foundation #2 $25,000 Challenge Grant $25,000 Secondary Challenge (from local donor) raise $50,000 _______ total $100,000 with $25,000 for administrative endowment

Example Community Foundation #3 $25,000 Challenge Grant $25,000 Donor establishes named unrestricted fund totaling at least $25,000 _______ total $50,000 with $12,500 for administrative endowment

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