PHILANTHROPIC
MISSION
INVESTMENT
To develop the capacities of communities in Puerto Rico to achieve their social and economic transformation by stimulating philanthropic investment and maximizing the impact and performance of each contribution.
FOR MAXIMUM
SOCIAL AND FINANCIAL
VISION
PERFORMANCE
To be the engine that leads community transformation by increasing community capital. Our work will be shared with the United States, the Caribbean and Latin America.
FUNDACIÓN COMUNITARIA DE PUERTO RICO Mailing address PO BOX 70362 San Juan, PR 00936-8362 Physical address 1719 Avenida Ponce de León San Juan, Puerto Rico 00909 T (787) 721-1037
Fo nd oC asa Pu ebl o
Fond o Fun dación Gonzalo Aponte
STRATEGIC
CONNECTION
PHILANTHROPIC OPPORTUNITIES IN THE
WITH
COMMUNITY
rt cou etan B l e a Fondo de Becas Lcdo. Ism
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FUNDACIÓN COMUNITARIA DE PUERTO RICO
We facilitate strategic connections to the causes that matter to you. YOUR SOCIAL INVESTMENT FUND IN PUERTO RICO
ESTABLISH A FUND
3
An individual, a socially responsible company or a foundation that wants to leave a legacy to the community can channel a philanthropic contribution through the Fundación Comunitaria de Puerto Rico (FCPR). LEAVING A LEGACY
decades of experience
1
st
Fondo Procter & Gamble
foundation of its type in the Caribbean
Individuals and families can leave a legacy to their communities by establishing funds that perpetuate and celebrate the memory of loved ones, and richful family history.
Fondo Stanley & Georgene Pasarell
SOCIALLY RESPONSIBLE COMPANIES The FCPR helps socially responsible companies design their strategic philanthropic contributions or corporate scholarships. We provide a transparent structure that monitors each grant and scholarship. In this way, your company can focus on business while the FCPR focuses on the implementation of your philanthropic plans.
The only community foundation in Puerto Rico (est. 1984) We belong to a network of more than 1,600 community foundations worldwide
What is a community foundation? A community foundation is a philanthropic institution that responds to the diverse needs of your community, town or region. Its funding is derived from multiple sources, including philanthropists who entrust community foundations with the implementation of strategic plans to advance their social causes. These institutions are considered the philanthropic backbone of their communities, in which the communities invest and from which the communities receive support.
Fondo de Becas Lexus
FUNDACIÓN COMUNITARIA DE PUERTO RICO (FCPR) has allowed donors to contribute with the development of Puerto Rican communities. Individuals, families, corporations and foundations have found the ideal philanthropic partner in the FCPR, to facilitate their support to the causes that matter to them the most, through the establishment, custody and administration of funds. Furthermore, FCPR’s community knowledge has enabled the institution to design programs that respond to community needs and opportunities. Its strategic plan promotes and strengthens equitable access to potable water, renewable energy, social housing, community economic development and education, among other areas of interest.
All contributions made to the Fundación Comunitaria de Puerto Rico are 100 percent deductible up to 50 percent of adjusted gross income. Fondo Amigos de FAE
All contributions for the establishment or support of a fund are considered irrevocable donations.
The PRCF is not responsible for fundraising activities in support of funds.
Scholarship fund Grants fund Award Recognition Types of funds: permanent, temporary and combined. The permanent fund is perpetual. The principal of the fund is invested and only used for its disbursement capacity. This fund is invested together with the Common Philanthropic Foundation Fund with the purpose of enhancing your investment's performance and disbursement capacity. In this way the permanent fund continues to grow over a specified period of time while continuing to provide grants, scholarships, awards and recognitions. Administration cost: 1% annually of the fund’s value The temporary fund is not invested. It is granted in its totality or as the donor stipulates. Administration cost: 10% - 15% of the contibutions to the fund The combined fund is hybrid consisting of a permanent and a temporary sub-fund. The temporary sub-fund has the capacity to fund grants, scholarships, awards and recognitions immediately, while the permanent sub-fund ensures the fund’s perpetuity. Administration cost: Combined
Philanthropic advisory to define the purpose of the fund
Assistance with funds guidelines on how to apply for funding
TYPE OF ASSETS YOU CAN USE TO EXECUTE YOUR SOCIAL INVESTMENT PLAN
Dissemination of general fund’s availability and how to apply
In addition to cash contributions, which is the traditional type of donation, an individual with
Provide grants, scholarships, awards and recognitions
Receive applications and initial screening
Fundación Comunitaria de Puerto Rico offers you the following services to help you reach your philanthropic objectives.
Administrative costs do not include promotional or planning costs associated with a fund’s events.
Individuals, families, companies and foundations that wish to invest in the community can establish a:
Fondo de Becas Gualasia
I WANT TO ESTABLISH A FUND, NOW WHAT?
For more information, visit www.fcpr.org, email FCPR@fcpr.org or call 787-721-1037. Permanent funds established at the FCPR are subject to the investment and disbursement policies of the donor institution.
FOUNDATIONS INSIDE AND OUTSIDE PUERTO RICO Foundations that seek to provide grants, scholarships and awards, and to provide financial support to nonprofit organizations can count on the FCPR to implement their philanthropic plans. Foundations can be freed up from the administrative burdens of establishing programmatic structures.
Fondo Fundación Toyota
The Fundación Comunitaria de Puerto Rico (FCPR) is governed by Section 1101 of the Puerto Rico Internal Revenue Code and section 501(c)(3) of the U.S. Internal Revenue Code, which allows donors to receive local and federal tax credits.
Hispanic Federation Puerto Rico Recovery and Relief Fund
TYPE OF FUNDS AND OBJECTIVES
i Advise and educate, as required potential beneficiaries of the fund
Convening of evaluation committee to guarantee an objective process
philanthropic aspirations can choose other types of investments: securities, stocks, real estate, retirement plans,
Recurring monitoring process of the awarded funds
life insurances, tangible personal property, bequests and private foundation mergers.
FUNDACIĂ“N COMUNITARIA DE PUERTO RICO
Strengthening community capital OUR GOAL is to build equity through the growth and strengthening of community capital: human, social, ecological, cultural, financial and physical. These capitals are the center of our strategic foci:
Quality education and capacity building Renewable energy Safe housing Potable water Economic development We contribute to the development of our communities while promoting social justice.
ACTION +TRANSFORMATION
FUTURE
SOCIOECONOMIC DEVELOPMENT FROM AND FOR THE COMMUNITIES For more than three decades, Fundación Comunitaria de Puerto Rico (FCPR) has collaborated with communities in finding solutions to their problems. The FCPR has found fertile ground in these communities to grow and strengthen community capital.
CAPITAL OVERVIEW FINANCIAL CAPITAL
PHYSICAL CAPITAL
HUMAN CAPITAL
Financial capital is stimulated when the community receives a grant to install water metering equipment. The metering system, will allow to measure water consumption per family in order to charge families for the use of the water. This is as very important step for community residents, as the amount charged will allow for maintenance, repair of the infrastructure and, better yet, becoming self-sustainable.
Physical capital is strengthened through infrastructure improvements facilitated by grants, such as the ones given to support repairs and reinforcement of community aqueducts. It is also evident in each house rehabilitated through a Community Housing Development Organization (CHDO).
Human capital is strengthened with capacity building and education received by community members in areas like: incubation of micro-enterprises, housing development, and teachers’ leadership skills. It's also reinforced with each scholarship awarded to support youth education.
SOCIAL CAPITAL
ENVIRONMENTAL CAPITAL
CULTURAL CAPITAL
Social capital is strengthened with the development and expansion of networks and alliances that promote long-term relationships and build trust. This is evident when 75 community aqueducts leaders convened at the Corujas community in Aguas Buenas to share lessons learning and experiences.
Environmental capital is present in each solar energy project but also in grants made to support hydroponics, replant coral reefs, plant coffee, and create water collection and treatment systems for consumption.
Cultural capital is present through education and the dissemination of history and traditions and their conversion into economic activity. The support given to creative industries and to teachers to implement innovative strategies in the classroom are strategies set forth by the Foundation.
ACCESS TO FINANCIAL CAPITAL FOR NONPROFIT ORGANIZATIONS Fundación Comunitaria de Puerto Rico offers nonprofit organizations an opportunity to apply to the Community Investment Fund (CIF) for financing. The CIF is an innovative program that provides access to capital to activate community economic development.
For more information visit www.fcpr.org, email FCPR@fcpr.org or call 787-721-1037.
FUNDACIÓN COMUNITARIA DE PUERTO RICO