What if there was a way for your county or community to establish and build its own endowment? The Golden Belt Community Foundation announces the FOREVER Campaign, designed to help build community-wide or county-wide endowments that can support a wide variety of projects. With $300,000 in matching funds for endowment gifts available for communities in or the counties of Pawnee, Rush, and Stafford, we have a vision for impacting and supporting community needs.
The FOREVER Initiative is a culmination of strategic planning, the listening tour, and understanding the impact the intergenerational transfer of wealth has on the Golden Belt communities.
Frequently Asked Questions
Q: What is the purpose of FOREVER?
A: The purpose of the FOREVER Initiative is: 1) To help local communities build permanent resources; and, 2) To build the capacity of local leaders and inspire community philanthropy.
Q: Who may apply for FOREVER Funds?
A: Any community in Barton, Pawnee, Rush, or Stafford counties in central Kansas may apply to participate in the FOREVER Initiative.
Q: How does my community apply for the FOREVER campaign? A: Please review eligibility criteria, fill out the application, and return it to the GBCF on or before October 1, 2017.
Q: A community must be willing to help raise endowment funds. What does that mean?
A: We’re in this together! The GBCF will provide assistance in how to reach out to potential donors and provide materials and/or language about the FOREVER Initiative. Each community will be responsible for raising funds for your community’s FOREVER fund. For every $1 raised, it will be matched with $0.50.
Q: What is an endowment? A: Endowments are funds set aside for the long-term benefit of an organization or purpose; the principal of which is permanently protected and the income of which is used to support the organization or purpose.
Q: How much from the endowment will be available for grants for our community?
A: The GBCF uses a spending policy to determine the amount available from each endowment every year. Generally, up to 5% of a 16-quarter market value average will be available for grants for your community each year.
Q: Why should my community apply?
A: The goal of the FOREVER is to provide communities a sustainable stream of funding for programs, parks and playgrounds, libraries, schools, beautification, historical preservation, and other things that improve the quality of life in your community. Imagine what your community could do with $5,000, $10,000 or even more every year – and as the endowment grows, the amount available to improve your community grows.
Q: Who will decide how to use the funds from the endowment each year? A: Your community’s voice is important – the GBCF will seek input from your community though community visits, individual and group discussions, community meetings, and through an online idea submission process. While the GBCF has the final, legal decision over the grants to be made, it wants the FOREVER community endowment to support what your community feels is most important each year.
Q: I don’t have experience asking for donations or working on a fundraising campaign. If my community is selected, where do I start? Who should be on the committee during the FOREVER initiative? A: Experience in fundraising is not required – that’s where the GBCF can help! However, a willingness to participate in asking for funds is important. You will need a committee to help generate enthusiasm about the initiative and why your community should participate. Look for community leaders, representatives from local organizations or businesses, and those individuals who have a love for your community.
Q: Why can’t donors just directly fund worthy projects in my community? Why apply for the FOREVER campaign?
A: Funds received are not only matched, but also will continue to provide annual funding for a wide variety of programs and projects in your community. Supporting one time projects does not have the same benefits as building an endowment that will benefit generations. FOREVER funds are dedicated to a specific community – these are funds that will support your community in perpetuity, and for which you do not have to apply.
Q: What is the total amount of matching funds to be granted?
A. The GBCF expects to approve up to $400,000 in matching grants for the FOREVER initiative.
Q: What is the size of a matching grant?
A: The size of matching grants will range widely, but grants will generally be between $25,000 and $100,000.
Q: What is the right size of matching grant for my community?
A: Every community is different and has its own set of needs. Having a broad sense of what projects need to be completed in the community will be a good reference point in order to start the initial endowment. For questions on how specific endowment levels will pay out over time, please use the endowment calculator.
In determining grant size, the committee will review the amount requested, the capacity/size of the community to raise additional funds, the availability of funds, and the extent to which the community meets other review criteria.
Matching Funds +Gifts to Endowment Total Endowment Goal Annual Grants Available $25,000 $50,000 $75,000 $3,750 $50,000 $100,000 $150,000 $7,500 $75,000 $150,000 $225,000 $11,250 $100,000 $200,000 $300,000 $15,000
Q: How long does a grantee community have to earn its matching grant? A: Each FOREVER community initially will have one year to raise funds for their community endowment. If, at the end of one year, all matching funds have not been raised, then the community may apply for additional time to complete the matching funds challenge.
Q: Is there a limit to how much of the matching grant can be earned by one donor?
A. Yes. One donor and his/her immediate family (defined as a single household) cannot earn more than one-half of the entire matching grant. That is, each participating community will need at least two donors to earn its entire matching grant.
Q: When will the FOREVER fund recipient communities be announced? A: The GBCF will announce the FOREVER communities on or before November 1, 2017.