Affiliated Fund Governance
Good governance practices for your affiliated fund serve as the foundation for your activities. Having all members of your Fund Advisory Committee (FAC) understand the relationship of your affiliated fund with NCF and establishing Articles of Operation and FAC member job descriptions help ensure the smooth management of day-to-day activities. An established governance structure also is a key tool in recruiting new volunteers and giving prospective donors confidence that your FAC is a good steward of their contributions.
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Aiming High
In April 2010, the Shickley Community Foundation Fund announced its semi-annual grant awards. The Fund provided nearly $7,000 to 10 area nonprofits. What makes this last round of grantmaking special in this town of about 350 people is that the Fund has now surpassed the $100,000 mark in community reinvestment, the majority of that occurring in the last 10 years. Most of those grants have been made from earnings on the Fund’s endowment account.
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