Spend a few minutes chatting with Kerry Wood, chief marketing and donor engagement officer of the Sacramento Region Community Foundation, and you can immediately sense the enthusiasm in her voice. Just as with the many families in FBC, her job is one of legacy and community impact – helping families and businesses preserve theirs in the region while positively impacting the community.
The Foundation works with many family businesses, and families in general, for that matter, to establish donor-advised funds that can be a cost-effective alternative to launching a private family foundation which, in most cases, can be very costly and riddled with complicated paperwork.
“A fund with us really provides the opportunity to reach the same objective of contributing to the community but we simplify the process and can gather the family together to reach to a common goal,” commented Wood. At no cost to establish a fund, just an annual management fee, the Foundation’s expert staff can guide family conversations and facilitate working through values.
“By working directly with nearly hundreds of nonprofit organizations, we are very much in tune with many pressing needs, we have strong relationships with nonprofit leaders and we understand the philanthropic landscape in the community. If a business wants to establish a fund, we can find the right fit,” Wood explained.
Established in 1983 and one of 800 community foundations across the country, the Foundation has grown to 625 funds totaling $150 million in assets managed by astute financial professionals and leaders in the community. The organization serves Yolo, El Dorado, Placer and Sacramento counties and, last year, the Foundation and its fundholders made $14 million in grants and funded 40 scholarship programs, making it the region’s largest grantmaker.
Beyond its traditional business of donor-advised funds, the Foundation also plays a community leadership role. Through its collaborations with fundholders and community partners, the Foundation works to transform the Capital Region in areas where strategic philanthropy can be a catalyst for change. It is currently working in the food sector with key partners to ensure a strong network of food providers so that food-insecure individuals can be served. Additionally, the staff is hard at work on Census 2020 to ensure that the hard-to-count population is represented which will ensure a more equitable distribution of federal and state funds.
Most importantly, as a new Technical Advisor with FBC, Kerry and her staff are looking forward to meeting our family business members and learning how to best serve them.
Does your family participate in philanthropic efforts in the community? Tell us about how you give back. Take our 2-minute community engagement survey and be entered to win a ticket to Generations 2020!