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Would your community like to have its own permanent fund to support important local projects? If so, consider a Community Donor Advised Fund (CDAF).
Community Donor Advised Funds operate as mini-community foundations. They are created with contributions from community members within a specified area and invested for growth. The income is used to support worthwhile community projects. A committee of local individuals recommends where to direct distributions from the fund.
CDAFs help communities excel in a number of ways. First, they provide a source of funds for community projects and for community organizations. Second, because the funds are permanent, they help the community now and in the future. And, they provide donors with a tax-deductible and convenient way to meet their charitable goals locally. (It is important to note that CDAFs are not meant as a replacement for funding offered by the NCCF, they are merely a complement.)
To support communities interested in establishing such funds, the NCCF offers matching support of up to $12,500. The NCCF also provides technical and administrative support.
To date, two such funds have been established: The Ripley Community & Heritage Fund and the Silver Creek-Irving Heritage Fund. Efforts are currently underway to establish a third fund in the Westfield area. To establish a fund for your community, contact the NCCF at info@nccfoundation.org.
A group has begun meeting in the Westfield area to discuss the establishment of a CDAF to benefit this historic community. Current committee members include: Bonnie Cooke, Jon Cooke, George W. “Pete” Holt, James O’Brien, R. Bard Schaack.
Contact info@nccfoundation.org for additional information on any of these funds or for information on establishing a fund for your community.
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