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Foundations for Fundraising Purposes
Moderator(s): Leslie Roseboro
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6/11/2018 at 3:05:24 PM GMT
Posts: 1263
Foundations for Fundraising Purposes

A member community is wanting to know which LeadingAge North Carolina members have separately incorporated 501(c)(3) Foundations for fundraising purposes.

6/11/2018 at 3:05:59 PM GMT
Posts: 1263
Well•Spring does. Thanks.

6/11/2018 at 3:17:27 PM GMT
Posts: 1263
As a 501(c)3 organization itself, Galloway Ridge does not have a separately incorporated foundation. We believe creating one would add more confusion, unnecessary reporting, audits and administrative tasks.

6/11/2018 at 3:17:57 PM GMT
Posts: 1263
We are looking into this very opportunity as well.

6/11/2018 at 3:58:57 PM GMT
Posts: 1263
We have a separate 501 c (3) at Springmoor. Ours is our Endowment Fund which is mainly used to subsidize residents when they run out of money due to no fault of their own. We have had it for about 25 years now. We have fundraisers throughout the year to generate money for the fund.

6/11/2018 at 3:59:31 PM GMT
Posts: 1263
Aldersgate is in the process of filing our papers with the IRS to create a separate Foundation.

6/11/2018 at 3:59:52 PM GMT
Posts: 1263
We have one through the UMRH Corporate Office…but not specifically for Croasdaile Village.

6/11/2018 at 4:00:20 PM GMT
Posts: 1263
We once had a separate Foundation for fundraising purposes. We no longer do. All fundraising now is handled by Southminster, Inc.

6/11/2018 at 4:01:00 PM GMT
Posts: 1263
The Pines does NOT have a separate foundation for fundraising.

6/11/2018 at 4:41:22 PM GMT
Posts: 1263
Plantation Village Inc does not have a separate 501c3, however, our resident has established a 501c4 for employee recognition. This is separate from our business.

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