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.
Affiliated funds (“AFs”) of the Nebraska Community Foundation (“NCF”) are frequently involved in projects to build, renovate or improve physical facilities (“capital projects”) in their communities. There are many risks associated with such projects due to the substantial amount of money that must be raised, requirements of possible grant funding from the federal and/or state government, liability during construction activity, the extended time frame for such a project and other factors.
In order to minimize the risks related to capital projects and to ensure that all parties involved are aware of an affiliated fund’s role with respect to a capital project, NCF has established this Policy. This Policy shall apply to all affiliated funds that are engaged in or plan to initiate fundraising for a capital project. A capital project is any project involving the construction, expansion or renovation of a building or other improvement, such as a community center, swimming pool, fire hall or park.
An account agreement related to fundraising for a capital project will be prepared that will include the following information:
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