The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
An understanding of the relationship between your affiliated fund and NCF
Specific IRS rules apply to community foundations and to charitable organizations in general. In addition, NCF has policies and procedures in place for its affiliated funds to insure consistency, adherence to the IRS rules and the fulfillment of fiduciary responsibilities. Knowing up front how this works will save you time and effort down the road. Read more on the relationship between NCF and its affiliated funds.
Articles of Operation
Articles of Operation set forth the guidelines for governance of your affiliated fund. These are the affiliated fund equivalent of bylaws that a separate nonprofit corporation would establish. The Articles address the responsibilities of your FAC and of FAC officers, the frequency of meetings and the records to be retained. See the template for Articles of Operation for NCF affiliated funds. (doc) (pdf)
Job descriptions for FAC officers and members
Job descriptions for FAC officers and members set expectations and allow FAC members to hold one another accountable. They also assist in recruiting new volunteers to your FAC by clearly describing what is expected of them. See sample job descriptions for FAC members.
Intentionality in determining the activities of your affiliated fund
Many FACs find themselves with requests to raise funds for a wide variety of purposes. Learn more about whether and how to establish accounts for new activities and projects.
Lemoine “Andy” and the late Geri Anderson, who owned and operated Anderson Motors, Inc. in McCook for 42 years, worked with the Nebraska Community Foundation to develop an innovative plan to provide for a gift of $346,431 to the McCook Community Foundation Fund’s endowment.Read more →