The Community Foundation of Northwest Mississippi is the anchor foundation for its 12-county region. Each county has the capacity to raise its own funds and grant those funds back to the county, while using a local advisory Board.
This is considered an Affiliate Fund.
Affiliate Facts
- Affiliate Funds are Field-of-Interest Endowment Funds and can be established with a minimum gift of $10,000.
- Affiliate Funds allow up to 5% of the balance to be used annually for grants.
- Affiliate Funds carry a 1% administrative fee to support the charitable work of the Foundation.
- The Fund is established in the county name: XXXX County Community Foundation.
- Each county must identify a "champion" to chair the affiliate advisory board. This board raises funds and makes its own grant decisions.
- The Affiliate Fund must operate within the policies and procedures of its anchor organization, The Community Foundation of Northwest Mississippi.
Affiliate Benefits
- Each county builds its own endowment fund of a permanent, charitable savings account.
- Affiliates gain control over their own county destiny.
- establish a forum for leaders and donors to work together for the long-term good of their community.
- Organize and centralize knowledge about the needs in your community.
- The Community Foundation of Northwest Mississippi staff handles the administrative details, provides legal structure, and assists the affiliate county leadership with technical assistance and their charitable goals.
- Affiliate Funds are managed by our investment partner, Hardy Reed, LLC.