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www.yourcommunityfoundation.org Phone: 561-659-6800

Overview of Giving in Florida The State of Philanthropy in the Sunshine State

Florida Foundation Giving

Giving in Florida Highlights Charitable giving in Florida totaled $17.7 billion. Individual Floridians gave $14.1 billion to charity. Foundation and corporate giving in Florida totaled $1.43 billion. Florida foundation assets grew to $22.12 billion. Florida was home to 4,026 active grantmakers.

Total Florida Charitable Giving 12.4% 8.0% Individuals 79.6% Bequests Foundations

Florida Grantmaking: 2010 vs. 2009 Stay the Same 40% 18% 42% Decrease Increase

Changes in Floridians Giving 41% 35% Gave Less 23% Gave More Same

Giving by Individuals in Florida 75% of Floridians donated to charity. 67% of Floridians gave less than $500 to charity. 23% gave less than $100. 14% gave more than $1,000. Avg. charitable contribution per itemized return: $5,060. 2.3 billion Floridians claimed donations on tax returns.

Top Florida Counties by Grants Paid 1. Miami-Dade County $363.9 million 2. Palm Beach County $281.0 million 3. Orange County $121.3 million 4. Duval County $116.9 million 5. Broward County $88.8 million

Giving in Palm Beach County 829 active foundations and corporate givers (No. 1). $281 million in grantmaking (No. 2). $3.98 billion in foundation assets (No. 2). Palm Beach County has 20% of the state s grants & 18% of state s foundation assets.

Download the Report Giving in Florida fpnetwork.org/ourresearch

wh at is a Community Foundation? A community foundation is a tax-exempt, nonprofit, publicly supported, philanthropic institution with a long term goal of building permanent, named component funds established by many separate donors to carry out their charitable interests.

A community foundation has three special features.

personalized service local expertise three community leadership

foundation facts A brief history 1914 First U.S. community foundation established in Cleveland, Ohio 1972 The Community Foundation for Palm Beach and Martin Counties was established with an initial gift from Michael McIntosh, a resident of Palm Beach today Over 700 community foundations in the United States

Assets Cash Mutual Funds Real Estate Private Stock Limited Partnerships, LLCs Oil, Mineral or Wind Lease Rights Unusual Items Community Foundation for Palm Beach and Martin Counties Our Donors Fund Type Benefits Permanence Anonymity Stewardship Donor Advised Multiple grants to multiple local or national charities Multiple generations, family-style Designated Endowed grants to specific charity or charities Scholarship Grants to a specific school s scholarship program or grant to scholarship program not assigned with school No set-up costs Maximum tax advantages Ease of Use Local knowledge Investment process No pay-out requirements Variance power Community Highly competitive grant process for local charities Volunteers identify and recommend opportunities to meet most pressing community needs Field of Interest Similar to an unrestricted fund though it is defined by a specific grant focus area. (environment, health, children, etc. Agency Endowment Nonprofit creates an endowment fund to protect the funds from future boards and/or for investment services

Florida Snapshot

foundation facts Assets of Florida Foundations

foundation facts Community Foundations: Bigger Share of the Philanthropy Pie

foundation facts Community Foundations in Florida

foundation facts Our vital statistics The Community Foundation for Palm Beach and Martin Counties : More than 240 funds $100,000 million in endowed assets More than $9 million in annual grants Cumulative grants of nearly $80 million

Touchstones Rankings Nationally 38 th Largest in Grants to Grantees within the state of Florida out of 71,095 Rankings in Community Foundation Field 74 th Largest Nationally by Assets out of 728 18 th Largest in the South by Assets out of 118 Rankings within Florida 22 nd Largest in Assets out of 4,221 25 th Largest in Current Year Gifts Received out of 4,221 38 th Largest in Currently Year Giving out of 4,221

tools for giving Sources of Gifts through Charitable Instruments Outright Gifts Give cash, stocks, real estate or other assets Bequests Designate a portion of an estate Charitable Gift Annuity Annuity contract pays client for life and charitable fund commences grants upon death Charitable Lead Trust Trust pays the community foundation a fixed amount for a number of years and then assets go to beneficiary Charitable Remainder Trust Trust pays beneficiary for life and then assets transfer to community foundation We accept a wide variety of assets.

A New Reality Nonprofits and the Economy: A National Perspective

Nationwide Trends in Responding Governance Board members becoming more active in policy, more emphasis on 990s Environment of increased public scrutiny and concern with education and communication Putting in place policies like conflict of interest, whistle blower policies Audit and investment committees became more active, emphasis on ensuring fiscal responsibility

Nationwide Trends in Responding Operations Performance evaluations staff and board, benchmarking Cost-cutting measures Limiting travel Slashing conferences, professional development Eliminating employer contributions to health insurance, retirement Enforced furloughs, job sharing, reduction from full-time to part-time Strategic planning became even more essential.

Local Perspective: 2 nd Annual Nonprofits and the Economy Survey Conducted in partnership with Allegany Franciscan Ministries Pulse of the nonprofit community Responses representing: 21,704 full-time staff members 5,796 part-time staff members 4,437 Board members 49,911 Volunteers Average years operating: 30

What We Found: Challenges Current Challenges Recruiting donors 2.7 Obtaining funding 2.7 Covering employee payroll, benefits and/or insurance costs 2.2 Marketing our services/programs 2.1 Meeting needs/interests of current members/clients/participants 2 Recruiting qualified, reliable volunteers 1.9 Strategic planning and evaluation Competition with other nonprofits Attracting new members/clients/participants 1.7 1.7 1.8 Similar results as last year Recruiting qualified staff 1.6

Organizational Actions (based on number of responses) What We Found: Actions Lay off staff 64 Turn away clients 40 Increase fundraising activities 141 Eliminate programs 58 Delay payment of payroll 13 Delay payment of bills 53 Cut nonessential expenses 185 Borrow money 35 Use prior-year cash reserves 87 Collaborate with other nonprofits 127

Other findings TOP THREE AREAS OF INTEREST Building endowment Increasing volunteer opportunities Undertaking collaborative fundraising efforts LARGEST DECREASE IN FUNDING MIX Foundation grants Individual contributions Corporate donations Public/state funding

The Future Outlook Some states revoking charities tax exemptions Private/nonprofit partnership as new models New forms of low profit incorporations Mergers and acquisitions Increased use of technology Overall: Prospects Leaner: The Challenge: Restructuring Our Business

people giving back Grantmaking Programs Competitive Grants: Leverage, Leverage Small Grants: Incent Change Pooled Funds, Collaborative Efforts with Partners/Grantmakers

Change Nationally Impact Locally

Program-related Investments Mission Investing Example: Florida Community Loan Fund

Long term outlook Foundation assets are in slow recovery Volume & Dollar amount of requests on a trajectory up and up Number of private grantmakers in affordable housing in Florida is limited and community foundations slimmer still Reluctance to step into the space left vacant by state sources Affordable rental housing in a market glutted with empty homes is a hard sell Home ownership driven by NSP is where the market has moved Competition for grant dollars makes for tough choice re: safety net issues

www.yourcommunityfoundation.org Phone: 561-659-6800