Foundations and Fundraising Foundations and Fundraising 1 iZonta iCommunicate iConnect

What do you need to know? Zonta clubs have the same federal income tax status as ZI – non-profit tax exempt organization with 501(c )(4) status Zonta International Foundation is a charitable non-profit organization under Sec 501(c )(3) of the Internal Revenue Service Code. Clubs have to establish a charitable 501(c )(3) status 2 iZonta iCommunicate iConnect

3 Should You File for 501 (c ) 3? Exempt status enables Clubs to pursue grants and solicit corporate contributions Great fundraising tool iZonta iCommunicate iConnect

4 Challenges Is someone willing to complete the application? Should we pay for application completion -- $500-$750? Are we prepared to: Apply for Employer Identification Number iZonta iCommunicate iConnect

Challenges Continued Are we prepared to: Write bylaws, documents? Complete corporate status paperwork? Do we have funds to cover User Fee? Order and review Publication 4220? 5 iZonta iCommunicate iConnect

Donor Benefits Certificates Specialty awards Invitation to special events Advanced notice of important club information Advanced purchase of future event tickets Special dinners with important club members or area public figures 6 iZonta iCommunicate iConnect

7 Printed Resources Zonta Club Manual – October 2011 Section 14, US Tax Matters and Filing Requirements, pages (Zonta International publication available on line) iZonta iCommunicate iConnect

8 Resource for Decisions Bonnie Odom-Brown, District 15 Treasurer iZonta iCommunicate iConnect

Council on Foundations (COF) National membership organization for foundations Coordinates the national standards process to ensure high standards for quality community-foundations 9 iZonta iCommunicate iConnect

Council of Michigan Foundations Membership organization collectively covers entire state of Michigan For how CMF supports community foundations: ForGoodForEver 50 out of 55 MI Community Foundations are certified 10 iZonta iCommunicate iConnect

Community Foundation of Southeast MI 11 Founded in 1984 A membership organization covering 7 counties – Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, St Clair Has distributed more than $615 million through 48,000 grants to nonprofit organizations Contact: Randy Ross iZonta iCommunicate iConnect

Donor Advised Fund A charitable fund that makes giving easy You join hundreds who have chosen a way to support charitable causes Staff ensures recipient organization is valid You establish and name fund; $10,000 min. You recommend grant distributions 12 iZonta iCommunicate iConnect

Community Foundation of Canada Vision: All communities are ready to address pressing problems like poverty, unemployment, hunger and housing. All citizens are able to benefit from the best a community can offer. Website: 13 iZonta iCommunicate iConnect

14 Develop Resource Connect with 1 or 2 people who can be available as a future resource iZonta iCommunicate iConnect

15 Plan of Action What is your next step? What resources do you need? What is your deadline? iZonta iCommunicate iConnect