What is a Community Foundation?
A community foundation is a tax-exempt public charity, created by and for the people in a local area. The foundation helps donors realize their philanthropic goals by providing an effective means of investing in their communities—either through current donations or through their estates.
Typically, the following are a foundation’s main roles:
Managing funds for donors
Reviewing grant applications
Making grants from available funds
The Foundation provides project or operating support to nonprofit organizations in the Menomonee Falls area representing a broad field of interests including but not limited to the arts, culture, education, environment, family, youth, the elderly, health and human services.
About the Greater Menomonee Falls Foundation
Several visionary village leaders created GMFF with seed money from the Greater Menomonee Falls Committee, recognizing the need to organize a repository for funds donated by citizens for the betterment of the village of Menomonee Falls.
The Foundation began in 1991 as a 501(c) (3) charitable organization with a board of nine trustees managing a community trust.
The Foundation has supported:
Village holiday decorations
Menomonee Falls Historical Society
The donor advised fund has made annual grants to Community Memorial Hospital Cancer Care Center. It has sponsored professional seminars and has marketed to local legal and financial professionals with the hope that through them local citizens would become aware of the opportunity to give to an entity that is focused on Menomonee Falls.
In 2006, the board of directors determined that the Foundation could better serve the community by increasing its giving capacity. In meeting with the Greater Milwaukee Foundation and other area community foundations, the Foundation gained renewed energy and began focusing its efforts toward raising their profile to better serve the Menomonee Falls community.