GOLDEN VALLEY COMMUNITY FOUNDATION
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Mission Statement
The Golden Valley Community Foundation uses philanthropy, community initiatives and funding support to address the changing needs and interests of Golden Valley's neighbors and friends. #LegacyGV
About This Cause
The Golden Valley Community Foundation uses philanthropy, community initiatives and funding support to address the changing needs and interests of Golden Valley neighbors and friends. #LegacyGV Golden Valley is a thriving community with many individuals and organizations actively seeking to improve our neighborhoods and our city. There are a number of organizations and initiatives that solicit and distribute funds for charitable purposes in the community. The Golden Valley Community Foundation (GVCF) is a nonprofit public charity created by and for the people of Golden Valley. Our mission is to enhance the quality of life for all the people of Golden Valley by encouraging philanthropy, providing services to the donors and those who serve to meet the needs of the community. The Foundation grew from the Envision Connection Project (ECP), formed as a result of a citizen-led community initiative called Envision Golden Valley. GVCF is supported by Golden Valley’s elected leaders and other Golden Valley organizations. We are an independent, self-governed 501 (c) 3 community foundation. GVCF is the community conduit for philanthropic giving that receives, manages, and distributes funds to benefit the Golden Valley community. GVCF provides a structured way to solicit and distribute funds to the maximum benefit of residents and community organizations. We consider our constituents to be people who live in Golden Valley and adjacent communities, organizations and businesses located in and serving Golden Valley, and neighborhood or other community groups that support activities, developments and ideas that benefit our geographic area. The GVCF Board of Directors, which is composed of individuals who live or work in Golden Valley and adjacent communities. The Board is elected at an annual meeting of the organization. The GVCF Board of Directors disburses funds based upon established criteria and decision-making processes. The Foundation is guided by input from citizens, organizations, and contributors to our donor advised funds. Frequently Asked Questions: What is the Golden Valley Community Foundation? GVCF is a community resource intended to receive and disburse funds to support ideas and activities deemed to be a benefit to Golden Valley residents and the community. The foundation is a registered 501(c)(3) non-profit community foundation incorporated under the laws of the State of Minnesota. What does the foundation do? GVCF is the community conduit for philanthropic giving that receives, manages and distributes funds to benefit the Golden Valley community. In addition to our own Fund areas, the foundation holds funds for other organizations serving the community. These funds are both short term passthrough funds for grants as well as Endowed funds that are investment grade and designed to invest in the community in perpetuity. Who manages GVCF? The GVCF Board of Directors is comprised of individuals who live or work in Golden Valley. The Board is elected at an annual meeting of the organization. Why do we need a community foundation? Golden Valley is a thriving community with many individuals and organizations actively seeking to improve our neighborhoods and our city. There are many organizations that solicit and distribute funds for charitable purposes in the community. GVCF provides a more structured way to support a wider spectrum of programs for the maximum benefit to residents and community organizations. Communities that harbor community funds find themselves more well equipped to be resources for community resilience. How are funds used? Building on the Envision Golden Valley, GVCF sees opportunities to support events, activities, programming and ideas found in the six Envision categories: Development, Transportation, Community Engagement, Environment, Recreation and Government. The organization has 5 focus areas: Community, Education, Sustainability, Wellness and Arts. Some examples include funding for the Golden Valley Pride Festival, the Golden Valley Arts & Music Festival and other neighborhood events. Furthermore, the organization provides micro - grants including Small Sparks initiative grants and Social Advocacy grants and Youth Gives grants to facilitate community building initiatives. Is GVCF connected to city government? No. GVCF is a self-governed, independent community foundation. While not part of the city, it grew out of the Envision Connection Project (ECP) formed after the community-led Envision Golden Valley. As a community foundation, GVCF is able to provide avenues for individuals, families, businesses and other nonprofits to invest in the community and surrounds. GVCF is supported by Golden Valley’s elected leaders and other Golden Valley organizations. Who decides when and how money will be spent? The GVCF Board of directors disburses funds based upon established criteria, by-laws and decision-making processes. The GVCF is guided by input from citizens & organizations. How do I contribute to GVCF? Individuals, businesses and organizations give to GVCF in a variety of ways. Contributions may either be directed to support a specific project, or for general support of GVCF grants and activities. Individuals contribute cash, stock or other securities, and by making bequests through planned giving. Could I contribute for a specific purpose? Yes. Individuals may designate a specific use for their gift as long as it falls within GVCF guidelines and legal responsibilities as a community foundation. Why would I contribute to GVCF each year? You may want to create or support a particular activity, honor or memorialize an individual or organization and/or support the Golden Valley community in general, especially if you live, work and/or raise your family here. Giving to GVCF is an excellent way to acknowledge people, organizations, or simply to leave a lasting legacy for a community that is an important part of your life. Is my gift tax deductible? Absolutely! GVCF is recognized by the federal government as a 501(c)(3) non-profit organization. As such, all gifts to GVCF are tax deductible to the fullest extent of the law. You will receive a written receipt to document your gift for tax purposes. Can I set up a fund? Yes. An organization, an individual, a family, a business may set up a named fund defined with a specific objective with a contribution beginning at $5,000. Donor Advised Funds can be established by individuals, businesses and groups with a contribution as nominal as $5,000. Launched in 2011, the Golden Valley Community Foundation is a nonprofit public charity created by and for the people of Golden Valley to invest in the community’s ongoing success and vitality as a premier 1st ring suburb.