Frequently Asked Questions About LCF Georgia
What type of nonprofit is LCF Georgia?
Latino Community Fund (LCF) Georgia is a 501(c)(3) nonprofit organization, meaning it is a tax-exempt, publicly supported philanthropic organization. Our goal is to create an ecosystem of effective, efficient and sustainable Latino-serving nonprofits that can adequately serve a growing Latinx community in Georgia. We follow a federated model in which we channel and allocate investments to our member and partner organizations and families.
Why is the Latino Community Fund (LCF Georgia) needed?
The Latinx/Hispanic community in the South has grown almost 300% in the last 30 years. However, foundation (private and corporate) investment has remained at 1% (between 0.9% and 1.3%). We are a vibrant, resourceful and resilient community making important gains and contributions to the state, yet investment has not matched our numbers or needs.
Government offices and large nonprofits are slowly responding to the reality that by 2040, 1 in 5 people will be Latinx in Georgia. In fact, many counties already live this reality and at the forefront of the change are Latino-serving nonprofits–mostly grassroots and generally small and undercapitalized.
These small and startup minority-serving nonprofits or community organizations have a difficult time finding and affording capacity building services, general guidance and a support system that is culturally competent and appropriate. The Latino Community Fund in Georgia provides these much-needed services through our technical assistance focus.
Additionally, we are the only grant-making charity dedicated to supporting Latino-serving and Latino-Led organizations, sensitive to the fact that those organizations are uniquely prepared to serve our families and therefore should be the recipients of foundation, corporate and federal investments.
LCF Georgia advocates for our member and partner organizations, highlights our diverse voices and experiences and stewards philanthropy in the Latinx community.
Who do you work with? How do you benefit our community?
We work with Latino-serving organizations and organizations interested in extending their services and programs to the Latino community. Additionally, specific scholarship funds are available to families directly, providing financial assistance in the areas of education, civic engagement, and micro-entrepreneurship.
Our membership is open to ALL Latino-serving, Latino-led and/or Latino governed organizations or programs in Georgia. Partner organizations meet one of the three criteria.
We are the only nonprofit organization dedicated to supporting the work of Latino-serving nonprofits in the state.
How do you get your funding?
Corporate and private foundations and individuals like YOU. Through grants, public support, sponsorships and restricted individual investments (through our Giving Circles).
How do you operate? Who is on your team?
We are governed by a diverse board of directors. Our founder and executive director manages the daily operations of the organization. We work with a wide range of consultants and contractors who work on a reduced fee schedule to assist nonprofit organizations with their needs.
If I contribute to the Latino Community Fund, will I be recognized in any way?
YES! please see below some of the ways we recognize your contribution:
- If you make a general donation to the organization, your name will be included in our annual report.
- If you make an investment in one of our Giving Circle funds, the funds will be restricted to that fund and will be recognized in our annual report.
- You CAN make a gift in memory or as a tribute to someone. We will recognize the person you dedicate your gift to in our annual report. Make sure you fill out all the fields when making your donation.
- Should you become an “Anchor Funder” to jump start and provide sustainability to our Giving Circles, your name and logo will be recognized in our annual report and online with a link to a page of your choice. Your fund can also become part of an endowment to support our work.
- If you are a corporate, private or family foundation with a specific interest, we are happy to work with you. Our reach is wide and through our member organizations, deep. You can be anchor funder, you can fund specific programming or can provide support to one of our strategies.
What are the tax advantages of donating to the Latino Community Fund?
We are a publicly-supported non-profit organization, qualified under section 501(c)(3) of the internal revenue code. The tax benefits are greater than with donations to a private foundation.
Please feel free to contact Executive Director Gigi Pedraza at email@example.com