Frequently Asked Questions
Q: What is a community foundation?
A: According to the National Standards for U.S. Community
Foundations, a community foundation is a tax-exempt, nonprofit,
autonomous, publicity supported, nonsectarian, philanthropic
institution with a long-term goal of building permanent, named,
component funds. These funds are established by many separate
donors for the broad-based charitable benefit of the residents of a
defined geographic area, typically no larger than a state.
Q: What is the role of the Ocean Reef
Foundation in the community?
A: Our primary role is to assist the Ocean Reef community by
encouraging and administering philanthropy to benefit effective
projects and charities throughout Ocean Reef and the surrounding
area.
Q: What are the main features of the
Ocean Reef Foundation?
A: One: We make giving easy and effective, accepting a wide variety
of gifts and providing donors the greatest flexibility. You can
contribute cash, stocks, property, and bequests. You may
establish an Unrestricted, Field of Interest, Designated, or Donor
Advised Fund in your name or in the name of a loved one. Your
gift will gain maximum tax advantage. Two: Our staff has an
in-depth understanding of the issues, opportunities, and resources
that shape our community. They monitor all areas of community
need - including education, youth, community, arts & culture,
health, and environment. We can help you learn more about
local agencies and programs that make a difference in areas you care
about most. Three: We invest in the long term and bring people
and organizations together, convening diverse voices to address
local issues and opportunities. Our business is building
community.