Business Plan Map
The FarmHouse Foundation
Who We Are and What We Do
The FarmHouse Foundation is a duly organized public foundation which is exempt from federal income taxes and which may accept tax deductible gifts under Section 501(c)(3)of the Internal Revenue Code. The Foundation, through its Board of Trustees and Staff, organizes and administers various funding solicitations of FarmHouse members and friends of the Fraternity, and manages and administers the property and finances of the Foundation for the benefit of the student members of the Fraternity.
Building the Leaders of Tomorrow
WHAT DOES THE FARMHOUSE FOUNDATION DO?
#1 - Engaged & Accountable Leadership
Provide the financial resources, expertise, engagement and accountability to sustain and grow the funding for its operations and support of the Fraternity’s educational programs and projects.
#2 – Communications & Marketing
Communicate with FarmHouse members, parents and friends to encourage their philanthropic support of the educational benefits the Fraternity provides its members.
#3 – Expansion & Membership Growth
Advocate for long-term sustainability by growing the number of Foundation investors and its financial resources as well as supporting the Fraternity’s development of new chapters.
#4 – Chapter Housing
Provide funding to foster the growth of FarmHouse Fraternity through the provision of competitive living/learning housing.
#5 – Engaged Alumni Membership
Foster the development of actively engaged alumni who provide current and future leadership and support for the Foundation and Fraternity.
#6 – Educational Programming & Chapter Operations
Provide funding for the Fraternity to build leaders who are effectively trained with market-valued skills by building ethical and responsible leaders and leaders who are good stewards of their own and others’ resources.
#7 – Celebrate FarmHouse!
Celebrate and recognize in a meaningful way members and friends who continue to invest their time, talent and treasure for the betterment of FarmHouse.
In the 2011-2012 fiscal year, The FarmHouse Foundation raised $1,984,226, which included: $1,038,019 for Unrestricted Funds (including the Annual Fund, Foundation Councils and Building Funds), $402,080 for Permanently Restricted Funds and $544,127 for Temporarily Restricted Funds.
With the advice and assistance of Financial Counselors, Inc. brokerage firm, the Trustees invest the Endowment and other Foundation funds.
In the 2011-2012 fiscal year, the Foundation made grants totaling $1,703,956 in six areas:
- Leadership, People Skills and Financial Management Training
Last year the Foundation made grants totaling nearly $108,208 to the International Fraternity and to individual chapters for programs in these areas. Nearly 500 chapter members were affected directly, all 1,400+ members were indirectly affected.
- Computer Labs and Affiliated Technology for Chapter Houses
Grants totaling $71,576 were made to eight chapters and associations for in-house computers and technology, affecting nearly all chapter members directly.
- Re-contribution to Chapters
$5,191 was distributed to the chapters' foundation councils for their specific educational uses and needs through the Annual Fund’s re-contribution program.
- Educational Portion of Chapter Housing
$1,435,234 was administered under the Foundation's auspices for the educational portion of new or renovated chapter houses on seven campuses. However, 16 chapters and associations are currently raising funds with the Foundation for construction or renovations of their chapter houses.
The Foundation awarded $45,955 in scholarships to 88 FarmHouse undergraduates.
$37,792 was paid to the International Fraternity for the Foundation's share of the International Office rent, support staff compensation, membership database, online communications to all members, and the Foundation=s portion of Pearls & Rubies.
All gifts and donations to the FarmHouse Foundation are tax deductible if charitable contributions are itemized. Three basic types of donations can be made to the Foundation:
• unrestricted gifts (no specific purpose specified for the funds);
• restricted gifts (made in accordance with a given objective specified by the donor); OR
• permanently restricted gifts (endowments).
All donors, regardless of the size of their gift, are recognized by publication of their name in the Foundation’s Annual Report.