HOW HCCFB FOUNDATION WORKS
Humboldt County Community Foundation Board has been established
to collect and invest endowment capital and distribute portions of the
investment earnings to local, non-profit organizations. Every year
additional portions of the investment earnings are reinvested, allowing the endowments to grow over time. Humboldt County Community Foundation Board has been established as non-profit organization and is governed by a board of directors made up of members of the local Humboldt County Community.
Humboldt County Community foundation Board make grants to local,
non-profit organizations based on the advice from donors to the endowment. Donors can specify a given organization or general area of concern within the community. Nationally, most community foundations find that donors directly advise about 80 percent of the foundations' grants. Community foundations
also pool resources by allowing local, non-profit organizations to build their
own endowments through the foundations. Community foundations are
attractive to donors who want to leave a lasting legacy in their own
communities by contributing to either specific or broad interests, while
receiving maximum tax advantages.
Humboldt County Community foundation has three distinct features: Building permanent endowments that invest and protect principal, distribute earnings
in the form of grants, and allow the creation of donor legacies; Broad, flexible purposes assisting arts and culture, economic development, education, environment, health and human services, recreation areas and supporting high-impact community opportunities; Personalized giving programs allowing multiple charitable intents from various types of contributions such as cash, stocks, property or bequests to gain maximum tax advantages and involvement
in establishing funds that can be unrestricted, field of interest, donor designated