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.
The Nebraska Community Foundation has established policies covering a variety of areas in order to ensure that our affiliated funds operate in compliance with the law, National Standards for Community Foundations and best practices. These policies also provide for efficiency in operations and consistency among practices of affiliated funds.
Following is a brief description of NCF policies applicable to affiliated funds, along with a link to each policy. Contact NCF if you have questions regarding any of the policies.
Accounting Policies and Procedures – Addresses cash receipts and disbursements, sales tax, insurance and fund reports.
Investment Policy – Addresses the investment management of and spending from permanent endowments.
Purchase of Certificates of Deposit – Addresses situations in which CDs may be purchased for the benefit of affiliated funds and the process for doing so.
Donor-Advised Fund Policy and Guidelines – Guides Nebraska Community Foundation staff and donors in complying with the law applicable to donor-advised funds and with NCF administrative policies while achieving donors’ charitable goals.
Confidentiality Policy – Addresses the need for handling confidential information related to donors and prospective donors.
Conflict of Interest Policy – Addresses the identification and handling of potential or actual conflicts of interest.
Whistleblower Policy – Addresses the handling of concerns regarding possible violations of laws, violations of the Conflict of Interest Policy, financial mismanagement or discrimination or harassment.
Gift Acceptance Policy and Guidelines – Addresses the types of gifts that will be accepted by the Nebraska Community Foundation for its benefit or that of its affiliated funds and criteria for determining whether a particular gift can be accepted.
Policy Regarding Raffles or Lotteries – Addresses the applicability of Nebraska law to NCF’s ability to conduct raffles or lotteries.
Policy for Administering Scholarships – Addresses the criteria for scholarships, selection of scholarship recipients and payment of scholarship awards.
Communicating the Affiliated Fund / NCF Relationship – Addresses the risks involved when affiliated funds misrepresent themselves as independent legal entities. This page gives examples and language guidelines that affiliated funds should follow to avoid any unintended consequences.
NCF Acknowledgment – All external communications produced by affiliated funds should acknowledge the relationship with the Nebraska Community Foundation. This page gives an explanation of how acknowledgment will benefit your affiliated fund.
Doug and his wife, Judy, made a generous commitment to both the Imperial Community Foundation Fund and the Nebraska Community Foundation. Their gift comes in the form of a life insurance policy – $200,000 to ICFF and $50,000 to NCF – that will benefit both organizations in the future. Doug and Judy make tax-deductible contributions to fund the premiums on the policy, and the policy is owned by NCF for the benefit of ICFF and the NCF Endowment.Read more →