Title
AN ORDINANCE AUTHORIZING THE CREATION OF A COMMUNITY FOUNDATION TO BE KNOWN AS THE CITY OF LEE’S SUMMIT COMMUNITY FOUNDATION; AND APPROVING THE BYLAWS OF THE SAME. (F&BC 12-4-17)
(Note: First Read by Council on December 14, 2017.)
Body
Issue/Request:
Consideration of an Ordinance Creating the City of Lee's Summit Community Foundation within the organization of the Truman Heartland Community Foundation.
Key Issues:
Occasionally the City receives inquiries regarding donating to the City for a specific purpose; trees for a beautification project or donating to the Animal Shelter, for example. The creation of the Community Foundation assures individuals that funds will be used for the designated purpose and provides the benefit of the 501(c)3. The benefit of the Truman Heartland Community Foundation is the non-profit infrastructure is already in place, including financial accountability and administration.
The Truman Heartland Community Foundation has been an active participant on important community issues in Lee's Summit. It is through this positive working relationship that they have provided an opportunity to create the Lee's Summit Community Foundation and related sub-funds. Typically this number of sub-funds would not be allowed without significantly higher funding levels, however they understand the importance of accountability and choice for our citizens.
Attached is the fee schedule for the administration of the funds. City staff has reviewed the schedule and has determined the fees to be reasonable.
Proposed Committee Motion:
I move to recommend to City Council an Ordinance creating the City of Lee's Summit Community Foundation.
Background:
LSCF Statement of Purpose:
The mission of the Fund is to provide funding for special projects of interest to the citizens of the City of Lee's Summit from the donations made to the Fund held by the Truman Heartland Community Foundation.
Board of Trustees:
The number of Trustees of the Fund shall be f...
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