Benefits of Affiliation with GMCF
Being an affiliate of the Greater Manhattan Community Foundation (GMCF) offers a number of benefits that balance local control with professional management services.Nonprofit Status
GMCF is a 501(c)(3) tax-exempt organization, which enables its affiliated funds to receive tax-deductible contributions. GMCF issues charitable receipts conforming to IRS standards.Local Control
Locally selected Fund Advisory Committee members make the decisions about how affiliated fund charitable dollars are spent. GMCF has a legal responsibility for all funds entrusted with it to ensure that funds are used consistent with provisions of IRC Sec. 501(c)(3) and in compliance with donor intent. A local foundation would have the same legal responsibilities.Financial and Administrative Services
Affiliated funds have access to GMCF's financial and administrative services. GMCF has the sole responsibility for all day-to-day financial activities, including recording contributions; making disbursements; cash management; preparing and filing IRS Form 990; obtaining an audit of its financial statements by an independent CPA firm and issuing the fund's financial reports. Affiliated funds with endowed assets can invest in one of five investment portfolios designed for nonprofits and offered by GMCF's investment advisor.National Standards
GMCF has received recognition for having organizational and financial practices that are in compliance with National Standards established by the Council on Foundations. This demonstrates GMCF's integrity and accountability to donors.Peer Learning Network
GMCF uses peer learning to help build community capacity and leadership. GMCF facilitates peer-learning opportunities on many relevant topics to help our network of affiliated fund leaders become more skillful and confident.Contributions to Multiple Funds
GMCF is helping to evolve giving habits to support causes and programs that will have greater impact upon the long-term sustainability of communities. GMCF's educational efforts are helping many donors to consider the multiple causes they can choose to support with their current and planned gifts.Marketing, Communications and Web site
GMCF marketing materials are available to affiliated funds at minimal or no charge. Sample or customized media relations materials, donor letters and financial planner communications can all be provided. GMCF maintains an extensive Web site, providing information to affiliated funds, potential donors and financial planners. The ability to accept online donations is also available.Training and Technical Assistance
GMCF staff has expertise in community development, strategic planning, planned giving and the development of public-private partnerships. GMCF staff and Board Members are available to help funds get organized, provide guidance for strategic planning and advise on effective fundraising techniques. Workshops on topics ranging from leadership development to donor visitation techniques are held statewide.Gift Planning Assistance
GMCF assists attorneys, CPAs, insurance agents, financial planners, bankers and brokers and their clients/donors with charitable gift planning. Brochures and materials on the benefits of charitable giving are available at no charge.