The Burlington Students Foundation can strengthen your charitable giving or community project through grants administration, charitable fund administration, and professional investment management. A number of charitable endeavors have established funds with the Burlington Students Foundation. Starting a fund with the Burlington Students Foundation provides invaluable advantages.
Fund Administration Services
Investment Management – Funds are professionally invested and managed under the supervision of local financial experts from Peoples United Bank. You are relieved from the responsibility for accounting and management of your invested funds.
Fiscal Stewardship ? Association with a large fund administered by a reputable foundation will confer greater donor confidence in your charity or project. Having a BSF administered fund may enhance your fundraising prospects because donors prefer the relative long-term security of foundation giving.
Increased Funding Access ? By aligning with an established non-profit foundation, your charity or project is eligible to receive grant awards from foundations and government agencies that might not otherwise be available to you.
Auditing and Tax Accounting ? Your funds will be audited by a local, community-based accountant firm JMM Associates who is the area?s leading expert in non-profit accounting. In addition, you are relieved from the burden of tax preparation and filing.
Types of Funds
Endowment Funds ? A permanent fund for assets transferred from your organization or donated directly by donors. You can choose to receive annual distributions of the income from the fund, or you can allow income to accrue to help the fund grow.
Opportunity Funds ? A fund that holds assets transferred from your organization or donated directly by donors. Grants from the fund may be made back to your foundation or project from income and/or from principal.
Scholarship Funds ? A fund that holds assets transferred from your organization or donated directly by donors. Scholarships from the fund may be made to awardees of your choosing from income and/or from principal.