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3. Community Foundation of Carver County CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952,227.1100 Fax: 952,227.1110 Building, Inspections Phone: 952,227,1180 Fax: 952,227,1190 Engineering Phone: 952,227,1160 Fax: 952,227,1170 Finance Phone: 952,227,1140 Fax: 952,227.1110 Park & Recreation Phone: 952,227,1120 Fax: 952,227,1110 Recreation Center 2310 Coulter Boulevard Phone: 952,227,1400 Fax: 952,227.1404 Planning & Natural Resources Phone: 952,227.1130 Fax: 952,227,1110 Public Works 1591 Park Road Phone: 952,227,1300 Fax: 952,227.1310 Senior Center Phone: 952,227,1125 Fax: 952,227,1110 Web Site www.ci.chanhassen.mn.us 3 TO: Todd Gerhardt, City Manager FROM: Laurie Hokkanen, Assistant City Manager 6~ DATE: March 18, 2009 SUBJ: Presentation, Community Foundation of Carver County BACKGROUND Mary Langworthy, Executive Director of the Community Foundation for Carver County, will be present to discuss the mission and work of the Foundation. The Foundation has also produced a ten-minute video that can be viewed at http://www :carvercountyfoundation.org/video/. ATTACHMENTS 1. Community Foundation Brochure Chanhassen is a Community for life. Providing for Today and Planning for Tomorrow The Community Foundation for Carver County serves as a catalyst for community investments that contribute to the health and vitality of those living and working in Carver County. The Foundation contributes to the region's health and vitality by: . Promoting the healthy development and educational needs of families and individuals of all ages, abilities and backgrounds. . Promoting livable communities and innovative approaches to community growth and development. . Encouraging community connections and linkages through civic engagement, leadership development and community building activities. Who we are Founded in 2004, The Community Foundation for Carver County is a public charity created by and for the people who live and work in Carver County. The Foundation complements existing nonprofits by connecting emerging community needs and interests with resources. It enables people with philanthropic interests to easily and effec- tively support the issues they care about. All assets gifted to the Foundation remain in the region to have a direct and lasting impact on Carver County for generations to come. Beyond the gifting of assets, the Foundation helps donors identify issues of importance to them and inspires engagement with organizations addressing those issues. Our Vision for the Future We bel ieve that the entire community th rives when its citizens feel connected and enjoy a sense of belonging and purpose. As the region continues to grow and new needs emerge, Carver County will be a vibrant, livable community with a high quality of life for all ages, abilities and back- grounds. What is a community foundation? A community foundation is a tax-exempt public charity created by and for the people in a local area. It enables people with philanthropic interests to easily and effec- tively support the issues they care about - immediately or through their will or estate plan. Donors can give to an existing fund or establish a chari- table fund by contributing a variety of assets to the Foundation. Those assets are then carefully invested by the Foundation. Why choose The Community Foundation for Carver Cou nty? The Community Foundation for Carver County is uniquely positioned to 'connect the dots' and make the most of donor resources. The Foundation helps individu- als, families and businesses achieve their charitable and financial goals by providing tools and resources that make giving easy, flexible and effective. Sharing resources to help others is one of the most rewarding things to do. Benefits to the community are as varied as the individuals making charitable contributions, and t~e opportunities to improve our collective quality of life are endless. A common thread is the desire to give something back and to preserve our quality of life. THE COMMUNITY FOUNDATION FOR CARVER COUNTY About Us Founded in 2004, The Community Foundation for Carver County is a public charity created by and for the people who live and work in Carver County. A rapidly growing community like Carver County depends upon the collective planning and investment of the people who live and work in it to remain vibrant and healthy. Currently, the Board of Directors is made up of eleven volunteers who live and work in various parts of Carver County. Each board member brings a wealth of knowledge, history, experience and passion for their community. They strongly believe in and personally support the role of the Foundation in contributing to Carver County's health and vitality. To learn more or to make a gift, contact: Mary Langworthy, Executive Director 952-250-5138 mlangworthy@carvercountyfoundation.org or Bob Golberg, Planned Giving Specialist 952-486-1127 (cell) bobgolberg@embarqmail.com P.O. Box 468 Chanhassen, M N 55317 I 952-250-5138 I www.carvercountyfoundation.org accessible, effective, local philanthropy THE COMMUNITY FOUNDATION FOR CARVER COUNTY How Do I Create a Fund? 1. Decide When to Give You can create your fund now, or establish it in your will, or through a trust arrangement that benefits your family as well as charity. You may give in honor of an anniversary, to celebrate a special event or to support a cause. Tax deductions are earned at the time of your gift, while grants awarded from your fund will continue into the future. 2. Decide What to Give Almost any kind of asset can be used to start your fund, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance, tangible personal property, and private foundation assets. We can also discuss other options with you, such as bequests, charitable remainder unitrusts, charitable remainder annuity trusts, charitable lead trusts, pooled income funds, charitable gift annuities, life-income and deferred charitable gift annuities. 3. Choose the Name for Your Fund Most of our funds are named for the donor or the donor's family, or as a memorial to someone special. Every grant from the fund will carry this name. If you prefer anonymity you may choose a name that reflects your fund's charitable purposes. 4. Choose a Type of Fund We offer a variety of funds that are flexible to meet our donors' different charitable interests: Unrestricted Funds offer the broadest giving option, allowing dollars to be used for grantmaking, operations and special projects. This fund provides the most flexibility in meeting the ever-changing needs of our community. Designated Funds let you support specific organizations while we make sure that grants to these groups remain relevant over time and responsive to changing circumstances. Field-of-Interest Funds create grants that support a targeted population, a particular area of interest or a particular geographic area. Agency Funds are established by nonprofit organizations to provide income to them or as a pass-through fund. We handle all administrative and investment responsibilities, freeing the organization to pursue its charitable mission. Donor-Advised Funds allow donors to actively participate in the grantmaking process. Operating Funds are used to address the operational needs of the Foundation itself, so that it can continue to run effectively and be an asset to the community in addressing needs now and in the future. Scholarship Funds allow donors to invest in the community's future by supporting student education. You may define guidelines for candidacy, the advisory committee, the school and the award itself. P.O. Box 468 Chanhassen, M N 55317 I 952-250-5138 I www.carvercountyfoundation.org THE COMMUNITY FOUNDATION FOR CARVER COUNTY Go Ahead. Make a Difference. By establishing a fund with us, you'll know your gifts are in good hands. The result is a lasting legacy that addresses the needs of today and the challenges of tomorrow, establishes a tradition of philanthropy, and ensures that your fund will develop community capital to improve the quality of life now and well into the future. like all community foundations, we are overseen by a volunteer board of leading citizens and run by professionals with expertise in knowing our community's needs. We go beyond simply making grants that advance charitable activities in our community: we also identify current and emerging issues, we stimu- late resources to address those needs, and we help our community prepare for the future. It's for these reasons that community foundations represent one of the fastest growing areas of philanthropy. The Community Foundation for Carver County can help you make a difference. fa THE COMMUNITY FOUNDATION FOR CARVER COUNTY Seven Easy Steps to Philanthropy 1. Discuss your overall philanthropic goals with your family members and legal or tax advisors. 2. Decide how much you can afford to give 3. Determine the causes/organizations that will use your donations to meet the goals you support. 4. Meet with us to critique your plan. Ask questions, explore the different gift vehicles available to you, and review the documents needed to implement your plan. 5. Share the documents with your family and your professional advisors. 6. Transfer your gift to us. 7. Review our confirmation of your completed gift and on-going progress of grants that are awarded from your fund. To learn more or to establish a Fund, contact: Mary Langworthy, Executive Director 952-250-5138 mlangworthy@carvercountyfoundation.org Bob Golberg, Planned Giving Specialist 952-486-1127 (cell) bobgolberg@embarqmail.com Or Visit our Website: www.carvercountyfoundation.org P.O. Box 468 Chanhassen, M N 55317 I 952-250-5138 I www.carvercountyfoundation.org