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“Rice Lake Community Health Foundation

“Rice Lake Community Health Foundation. Leveraging Charitable Giving. Mission. RLCHF is an endowed foundation It provides financial support to Health Related Charities in the Barron County, Wisconsin area. Supporting Local Charities.

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“Rice Lake Community Health Foundation

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  1. “Rice Lake Community Health Foundation Leveraging Charitable Giving

  2. Mission • RLCHF is an endowed foundation • It provides financial support to Health Related Charities in the Barron County, Wisconsin area

  3. Supporting Local Charities • Financial Support is provided primarily through a matching funds methodology • Special or emergency needs cases may receive a “one-time” grant

  4. History • Founded April 2008 • Achieved Tax Exempt Status as A 501 C 3 Organization 2009 • Website rlchf.org goes live • July 2010 Grants distributed • Total Grants $114,0000.00 • Distributing approximately $120,000.00 in 2011

  5. Boys and Girls Club Benjamin House Emergency Shelter Heart Island Family Enrichment Center Long lake Area First Responders Pregnancy Help Center Rice Lake Area Free Clinic School District of Cameron Tobacco Control Initiative – Lakeview Medical Center 2010 Grant Recipients

  6. WHY RLCHF • As a 501 c (3) organization we have a mandate to raise 40% of our funding from the public sector • The current endowment funding alone does not meet IRS definition of public sector funds • Therefore, we continuously solicit donations from the public sector and RLCHF supported charities to meet the IRS requirements • As the umbrella organization for multiple charities, RLCHF has access to a much broader contributor base to achieve fund raising goals

  7. Process • RLCHF will accept and distribute general non-specified and donor specific contributions to local health related charities • Funds would be distributed to RLCHF supported charities per donor’s request or foundation based formula

  8. Process Example “A” • A donor wishes to give $10,000.00 to ABC charity • Donation is made out to RLCHF and ABC Charity • Donation is deposited in RLCHF bank account • RLCHF then “matches” donors gift with an additional 20% for a net contribution of $12,000.00 to ABC charity

  9. Process Example “B” • Area donor wishes to give $10,000.00 to multiple charities in a single donation • Donor specifies the charities and the designated dollars or percentages with their gift • Donation is made out to RLCHF and deposited in RLCHF account • RLCHF then “matches” donors gift with an additional 20% for a net contribution of $12,000.00 net to multiple charities per donor’s request

  10. Process Example “C” • Area donor wishes to give $10,000.00 to unspecified charities in a single donation • Donation is made out to RLCHF and deposited in RLCHF account • RLCHF then “matches” donors gift with an additional 20% for a net contribution of $12,000.00 to multiple charities per donor’s request

  11. Grant and Distribution Cycle • Charities apply for funding by August 1, 2011 • Simple one page application • Available here or on the website • RLCHF Board reviews requests and selects grant recipients in August • Successful charities receive matching funds in September

  12. Advantages for RLCHF • Simplifies the giving process by designating in a timely manner which organizations will be supported • The “core” organizations would receive funds from the foundation on a percentage match basis set annually by the foundation • Still allows for a grant selection process allowing “new” charities to receive funding

  13. Donor Benefits/Advantages • Simple, convenient transactions • Ease of record keeping for tax purposes • Directed giving eliminates multiple charities competing for their donation • Allows individuals to maximize their donations through matching funds distributed by RLCHF

  14. Beneficiary Advantages • Maximizes the distribution of grants received by reducing overhead for: • Advertising • Fundraising • Administration • Allows for “leveraged” fund raising campaigns with other supported RLCHF charities

  15. Questions • ????

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