|
|
Publication # C-411 |
REVISED -- |
Effective Date
--10-1-99 |
Advantages of a Legally Incorporated County 4-H Foundation
Local resource development can be quite time
consuming. While it is essential to program expansion, it certainly isn't your only
responsibility! A systematic approach to resource development can help you get the job
done in the limited time available.
County 4-H Foundations
County 4-H Foundations have proven to be quite successful where organized following
recommended procedures. The foundation approach has several advantages as a systematic
procedure for resource development.
- It's a proven method for
providing a strong financial base for local and county 4-H programs.
- It's a businesslike
approach to development of 4-H resources.
- It involves key
financial community leadership with 4-H in the county.
- It provides a broad
base of support, involving more individuals, business people, and organizations in support
of 4-H.
- It provides a method for
receiving and disbursing funds on a legal basis which does not conflict with Extension
policy.
- It may relieve some
pressure from the county Extension staff concerning direct 4-H fund raising.
- Its annual fund drive
will secure the needed funds for the annual 4-H budget in a minimum of time -- usually
two to four weeks.
- It eliminates any
question about tax exempt status of contributions.
- It provides another
method for recognizing outstanding donors within the county.
- It requires an annual
4-H budget and a report of accountability, thus ensuring better program planning and
implementation.
- There are also some
psychological advantages when a foundation is incorporated. Contributors feel assured that
funds will be used for the purpose intended, that there will be an accounting for the
funds, that the contribution is tax deductible, and that a one time a year contact is
assured.
There are no major disadvantages to the County 4-H Foundation, but these factors should be considered.
- Selection of the 4-H
foundation representation in the initial organization requires much time and effort on the
part of the Extension staff.
- A certain amount of
legal work is required.
- Minor costs are involved
in legal counsel and the filing fees.
|
