NCF Affiliation

Benefits of Affiliation

The Fund's affiliation with the Nebraska Community Foundation offers a number of benefits that balance local, McCook, control with professional management services and economies of scale:

Nonprofit Status

Access to NCF’s tax-exempt, Sec. 501(c)(3) status, allows donors to take a tax deduction for contributions. NCF issues charitable receipts conforming to IRS standards.

Local Control with Expert Compliance Oversight

Locally selected Fund Advisory Committee members make the decisions about how the McCook Community Foundation Fund's charitable dollars are spent. NCF in Lincoln has a legal responsibility for all funds entrusted with it to ensure that funds are used consistent with provisions of IRS Sec. 501(c)(3) and in compliance with donor intent. A local foundation would have the same legal responsibilities.

Financial and Administrative Services

McCook Community Foundation Fund has access to NCF’s financial and administrative services. NCF 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. Our endowed accounts can invest in one of two investment portfolios designed for nonprofits and offered by NCF’s investment advisor, the Omaha office of Westwood Trust.

National Standards & Integrity & Accountability

NCF has received recognition for having organizational and financial practices that are in compliance with National Standards established by the Council on Foundations. This demonstrates NCF’s integrity and accountability to donors.

Peer Learning Network

NCF uses peer learning to help build community capacity and leadership. NCF facilitates peer-learning opportunities on many relevant topics to help our own Nebraska City leaders become more skillful and confident.

Contributions to Multiple Funds

NCF is helping to evolve all Nebraskans’ giving habits to support causes and programs that will have greater impact upon the long-term sustainability of Nebraska’s hometowns. NCF’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 Website

NCF 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. NCF maintains an extensive Web site, providing information to affiliated funds, potential donors and financial planners. The ability to accept online donations is also available.New Paragraph

Training and Technical Assistance

NCF staff has expertise in community development, strategic planning, planned giving and the development of public-private partnerships. NCF 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

NCF 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.
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