BBB Accredited Business Profile

The Greater Pinebelt Community Foundation

The Greater Pinebelt Community Foundation

(601) 583-6180

The Greater Pinebelt Community Foundation

19 years in business

1507 Hardy St Ste 208
Hattiesburg, MS 39401-4978

BBB File Opened: 7/06/2010
Business Started: 8/06/1997
Type of Entity
Non-profit Organization
Business Management
  • Ms. Caroline Nurkin, Office Manager
Contact Information
  • Principal: Ms. Caroline Nurkin, Office Manager
Business Category
  • Foundations - Education, Philanthropy, Research
Additional Information
  • Partners of the Foundation Opportunity In order to meet the annual needs of the Community Foundation's day-to-day operating budget, a new prestigious giving level for Partners of the Foundation has been established. The annual Partners commitment is $750 for Individual or Family Partners and $1,500 for Corporate Partners. The annual Partners commitment will begin on October 1 and end on September 30 of each year. Partnerships are payable annually or semi-annually. Partners support will provide the opportunity to redirect the administrative fee, currently used for day-to-day operations of the Foundation, and use these funds to award grants to nonprofit organizations in the Pine Belt Region of Mississippi. A committee, appointed by the Foundation Board of Directors, will review grant proposals and make grant awards.
  • Building Better Communities through Philanthropy.
  • Typical Donor ProfileDonors to the Greater PineBelt Community Foundation represent the full diversity of our community. The fundamental desire is to improve the quality of life now, and for future generations. The Foundation provides a mechanism to manage and distribute charitable assets. Personal Donor Benefits Donors establishing funds with the Foundation achieve a number of special and personally rewarding benefits. Establishing a fund assures permanent stewardship, efficient administration, and the opportunity for donors to remain active participants in their philanthropy. Becoming a Foundation Partner is also an effective method of enhancing your personal impact on the community through the Community Foundation. Detailed information concerning this significant opportunity is available on the Partners page. Foundation Advantages The Foundation allows charitable organizations, including churches, to develop endowments without the necessity to create their own foundations. It also provides individuals with a process to create donor-advised accounts, which is similar to establishing an individual private foundation. Once the fund is established, donors can enjoy their philanthropy without administrative concerns. The Foundation handles investments, grant paperwork, government reporting, accounting, and foundation audits.Tax Considerations There are attractive financial incentives for creating a fund at the Greater PineBelt Community Foundation. The Foundation is a not-for-profit public charity, which gives donors the maximum tax deductibility on contributed assets.
  • The Greater PineBelt Community Foundation provides extensive donor flexibility in establishing funds and designating charitable beneficiaries. Funds can be named for the donor, in memory of others, or for a designated fund purpose … such as a specific charitable organization.As an example, funds have been established to benefit organizations which include the Family Y, the United Way of Southeast Mississippi, church building funds, plus college and continuing education scholarships.Specific Fund Types Fund types available to Foundation donors: Unrestricted Fund: Unrestricted funds provide the Foundation board of directors with flexibility to allocate grants in response to changing community needs. When funds are available, the Foundation has significant discretion in the allocation of unrestricted fund grants.Please note that the Greater PineBelt Community Foundation does not currently manage unrestricted funds for general grant purposes. All current funds are in support of charitable organizations, specifically designated by the fund donors.Donor Advised Fund: Using a donor advised fund allows the donor to actively participate in the grant process. Donors retain the right to serve as advisors to the Foundation board of directors, in establishing grant allocations. A Donor Advised Funds brochure with additional details is available here.Designated Fund: Donors use a designated fund to specify the beneficiary for the life of the fund. For example, the donor may designate one or more specific organizations to receive Foundation grants.Field of Interest Fund: The field of interest fund is used to assure Foundation grant support for areas of specific interest to the donor. For example, a field of interest in child development assures grants to youth oriented community activities. Foundation discretion in fund allocations is limited to the specified field of interest.Organization Fund: Non-profit organizations may create funds using Foundation services to manage financial investments and endowment administration. The organization works closely with the Foundation in establishing fund allocations. Pass-Through Funding: Individuals or organizations may obtain the benefits of a private foundation, without the burden of administration, by using the Foundation as a pass-through for charitable donations. Funds are simply passed through the Foundation to a designated charity. There is no lasting endowment associated with pass-through funding.

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The Greater Pinebelt Community Foundation

The Greater Pinebelt Community Foundation

BBB ACCREDITED SINCE 8/12/2010

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