Community Foundation For Palm Beach & Martin Counties Inc

TO ENHANCE THE QUALITY OF LIFE FOR ALL RESIDENTS NOW AND FOR FUTURE GENERATIONS; TO BUILD PERMANENT ENDOWMENTS, TO PROVIDE COMMUNITY LEADERSHIP ON RELEVANT ISSUES, AND TO ADDRESS NEEDS THROUGH GRANTMAKING. AS PART OF OUR STRATEGIC PLAN, THE COMMUNITY FOUNDATION'S GRANTMAKING FOCUSES ON DISCOVERING COLLECTIVE IMPACT PARTNERSHIPS AND LISTENING CLOSELY TO THE NEEDS OF OUR LOCAL COMMUNITY.

GRANTMAKING - COMMUNITY REVITALIZATION, EDUCATIONAL ATTAINMENT, POSITIVE YOUTH DEVELOPMENT THE COMMUNITY FOUNDATION STRIVES TO MAKE CONNECTIONS BY INSPIRING AND FACILITATING PHILANTHROPY TO ADDRESS OUR COMMUNITY'S MOST PRESSING NEEDS, WITH THE INTENTION OF CREATING A BETTER QUALITY OF LIFE FOR ALL RESIDENTS. WE INVEST IN OUR NONPROFIT PARTNERS THROUGH CONFIDENCE IN THEIR EXPERTISE AND EXCELLENCE OF SERVICE. IN 2022, THE COMMUNITY FOUNDATION FOR THE FOURTH CONSECUTIVE YEAR PROVIDED GRANTS THAT SUPPORTED THREE STRATEGIC FOCUS AREAS: COMMUNITY REVITALIZATION, POST-SECONDARY & CAREER PATHWAY, AND POSITIVE YOUTH DEVELOPMENT. A GRANT OF $50,000 WAS AWARDED TO HOMELESS COALITION OF PALM BEACH COUNTY. THE GRANT WAS USED TO ASSIST INDIVIDUALS AND FAMILIES TRANSITION FROM TEMPORARY SUPPORTIVE HOUSING TO PERMANENT HOUSING. THE PROGRAM ALSO COLLABORATES WITH OTHER NONPROFITS IN THE COMMUNITY TO PROVIDE COMPREHENSIVE SERVICES TO ENSURE EACH INDIVIDUAL OR FAMILY MAINTAIN SELF-SUFFICIENCY. WE ALSO PARTNERED WITH COMMUNITY GREENING, A LOCAL NONPROFIT THAT FOCUSES ON ENVIRONMENTAL SUSTAINABILITY. A GRANT FOR $50,000 WAS AWARDED TO SUPPORT THEIR YOUTH TREE TEAM. THE YTT PROVIDED LOCAL TEENS WITH THE OPPORTUNITY TO WORK 8 TO 20 HOURS A WEEK PLANTING AND CARING FOR TREES, ACQUIRING JOB SKILLS, AND LEARNING ABOUT ENVIRONMENTAL CAREER PATHS. ANOTHER STRONG COMPONENT OF THE COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES' IS TO CONNECT THE INTEREST OF DONORS TO CAUSES WHICH THEY ARE PASSIONATE ABOUT. ONE UNIQUE WAY THIS WISH IS FULFILLED IS THROUGH OUR FIELD OF INTEREST FUNDS. THE FIELD OF INTEREST FUNDS ENSURES THAT THE DONOR'S INTENT ADDRESSES THEIR PHILANTHROPIC INTEREST; THE INTEGRITY OF THE DONOR FUND NEVER SHIFTS FROM ITS ORIGINAL INTENT; AND THE FUNDS ASSIST NONPROFITS ACHIEVING POSITIVE COMMUNITY CHANGE. IN 2022, OUR FIELD OF INTEREST FUNDS ALSO ADDRESS PRESSING COMMUNITY NEEDS THROUGH OUR THREE-CORE FOCUS AREAS, COMMUNITY REVITALIZATION, POSITIVE YOUTH DEVELOPMENT AND POST-SECONDARY AND CAREER PATHWAYS. WE PARTNERED WITH ORGANIZATIONS THAT PROVIDE JOB TRAINING OPPORTUNITIES, NONPROFITS THAT INCREASED ACCESS TO MENTAL HEALTH FOR ISOLATED SENIORS, PROGRAMS THAT THAT PROVIDED MENTORSHIP FOR YOUNG BOYS AND GIRLS, SUPPORTIVE HOUSING SERVICES FOR INDIVIDUALS AND FAMILIES SEEKING PERMANENT SHELTER; ARTS & CULTURE PROGRAMS THAT CREATED NEW ART EDUCATION ACCESS FOR YOUTH IN RURAL COMMUNITIES; SUPPORTIVE SERVICES FOR INDIVIDUALS DIAGNOSED WITH CANCER; CREATED ENVIRONMENTAL FOCUSED JOB OPPORTUNITIES FOR YOUTH LIVING IN LOW-INCOME NEIGHBORHOODS; EXPANDED SUMMER PROGRAM ACTIVITIES FOR TEENS IN LOW INCOME NEIGHBORHOODS. THROUGH OUR VARIOUS PROGRAMS, 71 GRANTS WERE AWARDED IN THE AMOUNT OF $2,125,609 TO NONPROFITS IN THE PALM BEACH COUNTY AND MARTIN COUNTY GEOGRAPHICAL REGION.THE WORK ON CREATING THE CURRENT STRATEGIC PLAN ("THE STRATEGIC PLANNING PROCESS") WAS BEGUN IN DECEMBER 2021, WITH A FINAL STRATEGIC PLAN APPROVED BY THE BOARD OF DIRECTORS IN JUNE OF 2022 AND COMMENCING JULY 1, 2022. THE FIVE-YEAR PLAN RUNS FROM FY 2023 THROUGH (ASSUMING THERE ARE NO TIMING CHANGES) FY 2027.

SCHOLARSHIP PROGRAM:THIS YEAR APPROXIMATELY 492 STUDENTS COMPLETED AN APPLICATION FOR THE COMMUNITY FOUNDATION'S SCHOLARSHIP PROGRAM. WITH THE ASSISTANTS OF DEDICATED VOLUNTEERS AND ENTRUSTED DONORS' RESOURCES, WE AWARDED $1,270,225 IN SCHOLARSHIPS TO 127 DESERVING STUDENTS IN OUR COMMUNITY. THESE STUDENTS RECEIVED AWARDS RANGING FROM $1,500 TO $30,000 TO USE TOWARDS THEIR COLLEGE OF CHOICE. RECIPIENTS ARE ATTENDING ALL MAJOR FLORIDA UNIVERSITIES, YALE, VANDERBILT UNIVERSITY, AND HARVARD UNIVERSITY, JUST TO NAME A FEW. THE SCHOLARSHIP PROGRAM IS ONE OF THE LARGEST DISTRIBUTORS OF SCHOLARSHIP FUNDS IN THE COMMUNITY. IT CREATES OPPORTUNITIES THAT AFFORD HIGH SCHOOL SENIORS FROM PALM BEACH AND MARTIN COUNTIES TO FULFILL THEIR GOALS OF OBTAINING A DEGREE OR HIGH CREDENTIAL CERTIFICATION THAT WILL PREPARE THEM FOR THE WORKFORCE. WE SUPPORT A WIDE RANGE OF STUDENTS BASED ON THE CRITERIA OF OVER 122 SCHOLARSHIP FUNDS. SCHOLARSHIP FUNDS ARE OFTEN ESTABLISHED TO HONOR OR MEMORIALIZE A LOVED ONE. EACH YEAR FUND HOLDERS ARE INFORMED OF THE RECIPIENTS AND RECEIVE THANK YOU LETTERS FROM THE STUDENTS, ALLOWING THE FUNDHOLDER TO BE PART OF THE STUDENTS' COLLEGE JOURNEY. SINCE 1983, OVER $16 MILLION IN SCHOLARSHIPS HAVE BEEN AWARDED TO OVER 2,500 STUDENTS.

OTHER SERVICES:DONOR-ADVISED FUNDS:WITH OVER 50 YEARS' EXPERIENCE, THE COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES HELPS ITS DONORS ACHIEVE THEIR PHILANTHROPIC VISION THROUGH FINANCIAL STEWARDSHIP AND COMMUNITY LEADERSHIP. TOGETHER WE ADDRESS OUR COMMUNITIES' MOST PRESSING NEEDS, WHILE CREATING A BETTER QUALITY OF LIFE FOR ALL RESIDENTS. THIS FISCAL YEAR, DONOR ADVISED AND DESIGNATED FUNDS DISTRIBUTED 865 GRANTS TOTALING $9.9M. EACH GRANT IS FULLY REVIEWED BY STAFF AT THE FOUNDATION AND ADHERES TO BEST PRACTICES FOR GRANTMAKING AND ENSURES LEGAL AND FINANCIAL COMPLIANCE. THE COMMUNITY FOUNDATION ADMINISTERS CHARITABLE GIVING VEHICLES TO FACILITATE THE PHILANTHROPIC INTENT OF INDIVIDUALS AND GROUPS VIA DONOR ADVISED AND DESIGNATED FUND TYPES. ADMINISTRATION CONSISTS OF PROCESSING AND DISBURSING GRANTS TO NONPROFIT ENTITIES ACCORDING TO THE TERMS OF EACH INDIVIDUAL FUND. THE COMMUNITY FOUNDATION PROVIDES ADMINISTRATIVE SERVICES TO OVER 224 DAF AND DESIGNATED FUNDS. WE WORK WITH OUR FUNDHOLDERS TO MAKE GRANTS TO THE CHARITIES THEY LOVE, AND WE INTRODUCE THEM TO CHARITIES THAT ALIGN WITH THEIR GIVING WISHES. OUR PROCESS OF DUE DILIGENCE INCLUDES CONFIRMATION OF EIN/501 (C) (3) STATUS THROUGH GUIDESTAR CHARITY CHECK AND IRS.GOV WEBSITE TO ENSURE THE VALIDITY OF THE ORGANIZATION. A BENEFIT OF OUR DONOR ADVISED FUND PROGRAM IS THROUGH OUR ONLINE PORTAL, DONORCENTRAL, WHICH MAKES FUND INFORMATION EASILY AVAILABLE IN REAL TIME AND ALLOWS THE FUNDHOLDER INDEPENDENT GRANTMAKING AND ACCESSIBILITY. THROUGH OUR DONOR-CENTRIC SERVICES, WE CAN LEVERAGE GRANTMAKING DOLLARS TO IMPORTANT PROGRAMS AND TO IMMEDIATE CRITICAL NEEDS. NONPROFIT AGENCY FUNDS AND SUPPORTING ORGANIZATION:ONE OF THE COMMUNITY FOUNDATION'S CORE COMPONENTS IS TO HELP NONPROFITS BUILD A SUSTAINABLE SOURCE OF INCOME. WE HELP LOCAL NONPROFITS BUILD THEIR SUSTAINABILITY SO THAT THEIR PROGRAMS AND SERVICES CAN CONTINUE FOR YEARS. WE ARE COMMITTED TO STRENGTHENING AND SERVING OUR NONPROFIT COMMUNITY. AS PART OF THAT COMMITMENT, WE MANAGE ASSETS AND RESERVES FOR NONPROFIT ORGANIZATIONS. WE CURRENTLY HAVE 74 NONPROFIT FUNDS WHICH PROVIDED 59 GRANTS FOR 2.9M.