The Community Foundation is launching a fundraising campaign for the Racial Equity Fund that will span the 28 days of February. Our goal is to secure at least 28 sustaining donors that share a vision for equity in our community. Sustaining Donors are individuals, families, or companies that commit to donate $5,000 or more to the Racial Equity Fund, which strategically addresses equity gaps that affect quality of life. Each Sustaining Donor will be announced across the Community Foundation's social media and digital channels with a reach of over 20,000. Additionally, each Sustaining Donor will be added to the Racial Equity Fund webpage from February 2021 to February 2022.
The "28 Days. 28 Donors." campaign progress will be announced weekly as together we raise community capital to address racism and equity issues. As a "Now and Later" fund, each donation will support both current year grantmaking, as well as serve as a permanent source of funding to address the ongoing needs for racial equity.
We believe that this community has the resources to address our most pressing problems.
Generosity is an investment in the future you wish to see. It is with appreciation we recognize the individuals, families, and companies that donate $5,000 or more to become 2021 Sustaining Donors. All gifts to the Racial Equity Fund are appreciated.
Any member of our community can contribute to the Racial Equity Fund! We believe that we are #StrongerTogether. When our community comes together to solve our most pressing problems, we are stronger and more impactful than any individual, company, or organization can be on its own.
The Racial Equity Fund Grants Committee will review all grant applications and make grant awards from the fund. This Grants Committee is comprised of a diverse group of community members with more than half of the members representing racial and ethnic minorities. It is critical that the groups being supported have a strong voice in the process and in the grants that are made.
The Racial Equity Fund will be used to address equity gaps in the following areas:
All grants from this Fund must be made for charitable, religious, scientific, literary, or educational purposes to any organization that is described Code Section 170(c)(2), 501(c)(3), 2055(a)(2) or 2522(a)(2) (except for private foundations as defined by Code Section 509(a)) ("qualified organization"). Qualified organizations include schools, religious institutions, or government agencies located in the United States.
The Greater Huntsville community is very generous, and so it is no surprise that there are a number of worthwhile organizations, projects, and programs that support equity in our community.
The Racial Equity Fund is different than other fundraising efforts in that it will support both current year grantmaking, as well as serve as a permanent source of funding to address the ongoing needs for racial equity. Fifty percent (50%) of all donations will be deployed for current year grants, and fifty percent (50%) of all donations will be added to the Racial Equity Endowment to provide a lasting legacy of support for this issue.
Half of all donations to the Racial Equity Fund will be used for current grantmaking, and the balance will be used to grow the Racial Equity Endowment to address equity issues in our community for years to come.
An endowment provides a stable source of income to address the concerns of racial equity forever, and contributions to the Racial Equity Fund provide a lasting legacy of the donors who support it. The impact of these investments will continue to benefit the community long after the donations have been made. Additionally, our community is growing and changing each year, and the needs of tomorrow may be different from our needs today. The Racial Equity Fund will be here to meet the needs of the community both now and forever.
The Community Foundation of Greater Huntsville promotes grant opportunities from the Racial Equity Fund through its website, through social media channels, and through targeted e-mail correspondence.
Yes! Because equity is an issue that should be important to all of us who call the Greater Huntsville area "home," an honorary or memorial donation to the Racial Equity Fund is a perfect way to honor those who are committed to creating a better community for all of us.
Yes! The Community Foundation can accept not only cash and credit cards, but also non-cash gifts such as stocks and bonds. Assets such as real estate and other personal property may also be accepted, but are subject to Board approval.
To make a credit card donation to the Racial Equity Fund, please click the Donate button above. If you would like more information about making a non-cash gift to the Racial Equity Fund, please contact Melissa Thompson at firstname.lastname@example.org for simple transaction instructions.
The Community Foundation of Greater Huntsville has waived its administrative fees for the management of the Racial Equity Fund.