Living in our beautiful Boca Royale Community it's easy to overlook the fact that many within the greater Englewood/Charlotte County area are in need. The Boca Cares Fund was formed specifically to provide aid to local charities whose mission it is to empower and improve the lives of those less fortunate.
We are pleased to share with you that on September 20, 2019, thanks to the generous support of members of the Boca Cares Organization, we were able to fund over $19,000 in grant requests. For those of YOU in the community who were not able to attend the grant awards ceremony we wanted to share the response of each of the recipients to your generosity.
With your help and support, we can fund additional initiatives and programs which improve the lives of our neighbors here in the greater Englewood community. This first cycle of grant awards totaled more than $19,000, HOWEVER, the requests for funding exceeded $75,000!
Imagine the impact your donation can have IF every household contributed just $200 to the Boca Cares Fund.
“Boca CARES” is intended to be a charitable fund established to provide a meaningful
opportunity for the Boca Royale Community (residents and friends) to support local
501(c)(3) Charities. To be known in the Englewood Community as “Boca Royale CARES
Community Fund” or locally as “Boca CARES”.
All Boca Royale residents are invited to become members of Boca Cares by making an annual contribution of $200 per household. Individuals who wish to contribute more may, of course, do so. Donations may be made by electronic transfer (credit or debit cards) by following this secure link: https://www.gulfcoastcf.org/bocaroyale
The Gulf Coast Community Foundation is an IRS approved 501(c)(3) Charity. “Boca Cares” will derive its Tax-exempt status by being a Donor Advised Fund, administered by the Gulf Coast Community Foundation. This step has been taken in lieu of seeking our own tax exempt status from the Internal Revenue Service (a time consuming and costly process).
In effect, we will retain Gulf Coast as our Fiscal Agent and will be using Gulf Coast’s 501 (c)(3) tax-exempt status to provide all donors to our Fund with a charitable deduction, to the extent permitted by law.
The “Boca CARES” Board has done our due diligence towards the reputation of the Gulf Coast Community Foundation.
They are the philanthropic home of more than 790 families, individuals, organizations, and businesses that have established charitable funds with them and they are continuing to grow.
Gulf Coast was among the first community foundations in the country to be confirmed in compliance with National Standards for U.S. Community Foundations — the most rigorous standards in philanthropy for operational quality, integrity, and accountability — and they continue to meet those standards today.
In the 2017 fiscal year, contributions to the GCF increased to a record $36.8 million, and together with their donors, they invested $34 million in grants, initiatives, and scholarships during that year.
Donations to public charities can be tax deductible to the individual donor up to 50%
of the donor’s income. In addition, public charities must maintain a governing body that is mostly made up of unrelated individuals. Public charities are what most people recognize as those organizations with active programs. Examples include churches, benevolence organizations, animal welfare agencies, educational organizations, etc.
It is always advisable to check with your financial advisor regarding charitable donations.
The “Boca CARES’ Board (with input from all of our Members) will retain ALL decision-making powers concerning the selection of the charities that we will fund. The only requirement is that we establish that the proposed charities be 501 (c)(3) tax exempt organizations and serve the greater Englewood community focusing on services to children, families, seniors and veterans.
Gulf Coast Community Foundation will act as our fiscal agent, collecting gifts and contributions, sending acknowledgements in the name of Boca Cares and issuing checks in the name of the Fund as instructed by the Board of Boca Cares. Gulf Coast Community Fund will issue checks to the selected charities on behalf of the Boca Cares Fund.
Administration costs will be limited to a fee paid to Gulf Coast for its services as our Fiscal Agent. The current annual rate for these services is 65 Basis Points or $250.00, whichever is greater. (Note: A Basis Point is 1/100 of a percent, so 100 basis points equals 1%. On a Fund of $60,000.00 65 basis points equals $390.00). No other administration costs of any kind can be paid from Donor Funds.
All “Boca CARES” board members are volunteers and no administrative costs are anticipated.
All charities requesting funds must provide documentation that they are an IRS 501 (c)(3) tax exempt organization and serve the greater Englewood community.
“Boca CARES” provides grants to not-for-profit organizations (IRS 501 (c)(3) tax exempt organizations) whose programs serve the greater Englewood community and focus on the services to children, families, seniors and veterans. Qualifying organizations will need to download, complete and submit a grant request form.
The “Boca CARES” Board of Directors will review all grant applications and perform due diligence on all requests including site visits and/or meetings with the management of the organizations desiring funds. Once these steps are complete the “Boca CARES” Board of Directors will make recommendations for funding to the Boca Royale Home Owners for final approval. All donor households who contribute a minimum of $200 are eligible to approve the final grant recommendations.
Request for Proposals (RFP) and grant reviews will be conducted throughout the year when the Boca CARES fund balance exceeds a minimum of $15,000. Though “Boca CARES” would like to fund all requests, please be mindful that we are limited based on contributions to the fund. No individual grant award may exceed $5,000.
Please note, “Boca CARES” will not fund the following types of organizations or projects:
● Salaries or travel expenses.
● General advertising or fundraising drives.
● Partisan, political, lobbying, or denominational projects.
● General and administrative costs.
● Intermediary funding agencies.
● Public or private schools unless they have a 501(C)(3) designation.
● Endowment campaigns.
Complete guidelines and requirements can be found in our application. If you would like to receive a Grant Application, please email email@example.com or download a pdf format of the application.