By doing so, any gifts to the Walnut Council have the potential to be considered as charitable giving and allow all the privileges associated with that status. The Council is now in the beginning of soliciting contributions from members, friends of walnut or forest management.
Donations can come in many forms, land, securities, cash, etc.
The proposed foundation will provide supplemental financial support to the Walnut Council. The foundation board may consist of any current or past Walnut Council Board of Directors, Walnut Council members, or anyone outside the organization with approval of the Walnut Council Board of Directors. No, the foundation is a separate entity that does not receive any financial support from the Council. All contributions to the foundation, whether cash or in-kind, remain separate from the Council's general revenue and operating expenses. A foundation can do things that the Council cannot easily do, particularly in the area of obtaining grants.