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Our Story:
Our story:
The Faribault Foundation was established as a community foundation in 1999 by a group of community leaders, to enable people who love their community to support it today and in the future. By combining gifts, great and small, the foundation gives everyone the opportunity to be a philanthropist.
Most nonprofits commonly serve a singular need or demographic by providing a specific service. Community foundations are devoted to helping solve diverse and emerging community problems and strengthening new and existing community assets primarily by providing financial support. The Faribault Foundation has the flexibility to channel resources into multiple organizations to help address the most pressing community needs and the most exciting community projects. The unique purpose of the Faribault Foundation is to support what is important to Faribault today and long into the future.
The Faribault Foundation is on a mission to improve the quality of life in our region through the generosity of donors.
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Our eye is on high-impact, sustainable philanthropy… helping people who love Faribault make meaningful gifts to the causes they love -- today and tomorrow.
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Our Mission
The Mission of the Faribault Foundation, Inc. is to develop, manage, and administer financial resources to promote and enhance the quality of life for the greater Faribault community.
The Faribault Foundation was founded as a non-profit 501(c)3 tax-exempt public charity that allows individuals, businesses, and other organizations to establish permanent endowments and temporary funds within the structure of a single large foundation. These funds are managed by a board of directors comprised of Faribault area residents.
Our Purpose
The purpose of the Faribault Foundation is to promote and enhance the quality of life for the greater Faribault community by:
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Attracting charitable gifts and promoting community philanthropy
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Serving as a responsible fiscal host for the funds collected
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Being a leader by building nonprofit capacity in the community
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Serving as a catalyst and convener to help identify and solve local concerns and challenges
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Being a community resource, offering services to donors, nonprofits, and others
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Cultural Diversity
The Foundation seeks initiatives that will foster equal opportunity, open dialogue, mutual respect and cross-cultural collaboration in our community.
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Youth & Families
The Foundation seeks to support programs that help youth and families grow, learn and become better citizens by targeting needs in areas such as hunger, housing, poverty, education, recreation, art and culture, healthy lifestyles and civic engagement.
Community Betterment
The Foundation seeks initiatives that look to the future by helping create better facilities, doing community capacity building and by supporting beautification and recreation projects.