As a regional community foundation focused on strengthening communities, families and businesses, the Initiative Foundation provides assistance to donors in the management of designated contributions. Donors who choose to apply their charitable dollars towards a specific program area of the Foundation, a particular cause or toward a specific geographic area may do so through the creation of a component fund. They are a partnership between the Initiative Foundation and a donor with a vision for helping their community. The donor can direct the general use of charitable dollars in a simple and efficient way.
Contributions are tax-deductible.
The Initiative Foundation initiates of audits, IRS reporting and documentation, distributions, and monitoring of projects funded. As assets of the Initiative Foundation, funds are co-invested with other assets and are managed by professional advisors with proper oversight and strong returns. Component funds must serve some portion of the Foundation's 14 county service area and fall within the mission of strengthening communities, families and businesses. Component funds are usually endowment funds where the principle is invested and only the income from the investments is used for distributions to the named cause. Modest administrative fees may be assessed to these funds.