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The Fargo-Moorhead Area Foundation (FMAF) is a local nonprofit entity that attracts donations of all sizes from multiple donors to create a collection of funds that will exist into perpetuity. Contributions are tax deductible and are “pooled” in a coordinated investment process aimed at safely maximizing earnings. That income is then used to make grants to charitable organizations and institutions that serve Cass County (ND) and Clay County (MN). Founded in 1960 and now one of more than 700 such community foundations in the United States, the FMAF manages more than 200 funds valued at more than $42 million. In the last 10 years the Foundation has distributed nearly $17 million in scholarships and grants supporting youth, health, human services, education, arts and civic programs.
For more information on the philanthropic purpose and operation of the Fargo-Moorhead Area Foundation, please continue to explore our website or call 701-234-0756.
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Sponsored by Otto Bremer Foundation
Application Guidelines:
The focus of this special grant round is the nonprofit sector outside of the communities of Fargo, Moorhead and West Fargo. Applicant nonprofit organizations must operate outside of Fargo, Moorhead and West Fargo and within Cass and Clay Counties.
Requests will be evaluated on the financial need of the organization and the use of funds to strengthen an organization's ability to serve rural residents.
The deadline for receipt of proposals is 4:00pm on March 5, 2010, with funds to be awarded by April 1, 2010.
Proposals can be sent by e-mail to cher@areafoundation.org or mailed to:
Fargo-Moorhead Area Foundation
502 1st Avenue North, Suite 202
Fargo, ND 58102
Proposals are limited to three pages, utilizing a 12-point font. You may access the application by clicking on the Word 97 - 2003 icon below. Please download and save the document to your computer before filling in the form. Once you have saved the completed application on your computer, you may attach it to an e-mail or print it and mail it as directed above.
If you have questions, please contact Cher Hersrud at (701) 234-0756 or by e-mail. | |
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Anyone Can Be A Philanthropist Using the New
A new and simple method for supporting charitable needs in Cass and Clay counties has been created by the Fargo-Moorhead Area Foundation.
Named the Giving Growth Group, participating in the so-called “3G Funds” process allows donors to establish a charitable endowment over a period of up to six years that will subsequently provide an opportunity to distribute earnings to nonprofit causes into perpetuity.
The program is available to individuals, businesses and organizations.
“Normally the Foundation requires a minimum charitable gift of $25,000 to establish an endowed fund,” FMAF Executive Director Steve Guerber explained. “But in recognition of the upcoming 50th anniversary of the Foundation’s creation in 1960, its Board is developing an easier path that will enable more people to develop a permanent legacy as a giving goal.”
Building a 3G Fund requires the same planning that would be used for any other investment program, Guerber said. By making periodic donations to such a fund over a period of up to 72 months (or less), donors uses those tax deductable contributions to ultimately create a permanent charitable fund within the Fargo-Moorhead Area Foundation. At that point, the 3G Fund receives a permanent name, a giving procedure is established, and the distribution of annual grants from its earnings begins – a process that will never stop from that point on into perpetuity.
In addition, during the period a 3G Fund is growing to its $25,000 endowed level, those participating in the Giving Growth Group will decide once a year along with other such donors what charities will benefit from a partial distribution of funds accumulated in 3G Fund accounts during the past calendar year.
“Those yearly distributions will give those participating in the group an opportunity to already begin educating themselves on the charitable needs of the community before their fund actually reaches its maturity,” Guerber added.
For further information on how to participate in this program, click here and review details of the Giving Growth Group. |
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The Fargo-Moorhead Area Foundation (FMAF) is a foundation for everyone in the community where contributions, both large and small, accumulate perpetually and generate interest income to support charitable needs in the Cass and Clay County areas of North Dakota and Minnesota.
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