The Sedalia Heritage Foundation (SHF) serves as a community foundation vehicle to receive and distribute funds. Our mission is to enhance the quality of life for the people of the Sedalia area by providing opportunities for individuals, organizations and businesses to support the community through philanthropy. Since its inception in 1991, 30 plus funds have utilized this service to channel over $900,000 in support of educational and community development projects. 

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Field of Interest Funds are designed to support projects of specific interest. Fund assets belong to the Fund with distribution directed according to guidelines established by the Fund Representatives and not the SHF fiscal agent.  Active accounts are designed to support projects that have regular deposit and expenditure activity.  Inactive accounts may be established to hold funds for future use

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Fund Management Options

Fund representatives may select to administer their fund by assuming financial management responsibility of a designated checking account and maintenance of financial reporting.  Fund representatives may select to manage their funds through the services of the Foundation’s CPA. This allows the fund to maintain control over all assets while their resources are directed to their programs without being distracted with financial management responsibilities. This option also provides an added layer of accountability for fund representatives.

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Professional Management / Fiscal Agent

Fund fees offset expenses associated with maintaining legal documents and CPA preparation of the annual IRS tax return. SHF Staff manage the Community Fund program under SHF Board approved guidelines and reporting. A CPA firm serves as Fiscal Agent according to generally accepted accounting practices. Both are bonded and insured.

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Tax Benefits

Contributions to funds are eligible as a 501 (c) (3) charitable tax donation. Purchases made for Fund projects are exempt from sales tax.

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Recognition

Funds may be named in honor of family members to be remembered and recognized for years to come.

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Convenience

Establishment of a fund eliminates the time and cost associated with creating and maintaining a not-for-profit entity.

 

Social Media Promotion

Fund representatives can utilize the Foundation’s social media vehicles to promote their projects through monthly e-newsletters and facebook posts.