Hand Up Campaign
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The Hand Up Campaign
In 2023 the Faribault Foundation embarked on a transformation of the community foundation. Policies and procedures have been vetted and approved for operating as a dynamic resource for community philanthropy. This builds on our long history of raising funds and helping organizations with small grants. The Hand Up Campaign is seeking support from key investors to encourage philanthropy focused on improving quality of life in Faribault in perpetuity. The Hand Up Campaign will allow us to establish professional systems in both human and technology resources to fulfill our mission.
The short-term goals are a quiet campaign effort to raise $2.5 million pledged over 5 years, that will allow the Faribault Foundation the working capacity to stabilize staff and technology to steward the funds. Half of the funds raised will be used for operating and the rest will be endowed in a discretionary Founders Fund. The long-term goal is to manage resources of $10 million or more; endowed through component funds of the Faribault Foundation.
The Faribault Foundation will transform the quality of life in our region through the generosity of donors.
Our goal is high impact sustainable philanthropy….helping people who love Faribault make meaningful gifts to the causes they love, today and tomorrow. Faribault Foundation was founded in 1999 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 community foundation. These funds are managed by a board of directors comprised of Faribault area residents.
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 purpose of the Faribault Foundation is to promote and enhance the quality of life for the greater Faribault community by:
Attracting charitable gifts and promoting community philanthropy
Serving as a responsible fiscal host for the funds collected
Being a leader by building nonprofit capacity in the community
Serving as a catalyst and convener to help identify and solve local issues
Being a community resource, offering services to donors, nonprofits, and others