What
is the Southfield Community Foundation?
When and why was the Foundation created?
What is the Foundation's Mission?
What is the Foundation's focus for
its grant programs?
How is the work of the Foundation financed?
Q. What is the Southfield Community
Foundation?
The Southfield Community
Foundation is an independent nonprofit organization.
We are recognized as a 501(c)(3) charitable organization
by the IRS (EIN 38-291-8048) and as a tax-exempt charitable
corporation by the State of Michigan. The Foundation
is governed by a volunteer board of directors and assisted
in its work by several volunteer committees.
Q.
When and why was the Foundation created?
The Foundation was organized
in 1989 by local business, civic and community leaders
to provide a vehicle for long-term community development.
It was designed, in particular, to help meet community
needs not traditionally funded by local, state, or federal
governments.
Q.
What is the Foundation's Mission?
The Foundation's mission
is to enhance the lives of those who work and live in
the Southfield and Lathrup Village communities. To accomplish
this mission, the Foundation focuses on four areas:
Service to Donors, Grants to the Community, Community
Building Activities and the Promotion of Philanthropy.
Q.
What is the Foundation's focus for its grant programs?
The Foundation focuses
its grant programs on the following areas:
Community Building
Youth Development
Senior Adults
The Southfield Public Schools
Arts & Culture
Celebrating our Diversity
Q.
How is the work of the Foundation financed?
The Foundation's primary
objective is to create and build permanent or endowment
funds. Investment income from these funds is used in
three ways:
- To fund grants back into the community
- Reinvested to maintain the fund's
value against inflation
- To fund the Foundation's annual
operations
The Foundation also raises
funds for current operations through donations from
individuals, corporations, private foundations, and
special events.
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