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Executive Profile -Rochester Area Foundation President

Executive Profile -Rochester Area Foundation President

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Published by rebeccadriscoll
Executive Search Profile for Foundation President.
Executive Search Profile for Foundation President.

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Categories:Business/Law
Published by: rebeccadriscoll on Aug 26, 2011
Copyright:Attribution Non-commercial

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08/26/2011

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EXECUTIVE POSITION PROFILEPresident
On behalf of our client, the Rochester Area Foundation, KeyStone Search has been retained in the recruitment of a President.
 
Position ProfileAugust 2011Page 2
OVERVIEW
 
The Rochester Area Foundation (www.rochesterarea.org
 
)
is a community foundation basedin Rochester, Minnesota. The Rochester Area Foundation's genesis started with the visionof the late Harry J. Harwick, chairman of the Mayo Foundation from 1939 to 1958. Hesuggested that a study group be formed in 1942 to determine whether a communityfoundation would work in Rochester. In December 1944, the Rochester CommunityFoundation was born. On Dec. 5 of that year, the Mayo Properties Association, now theMayo Foundation, transferred an unconditional gift of $3,500 to the newly formedFoundation.Since its founding, the Rochester Area Foundation has provided the opportunity for allpeople to contribute to the community’s common good and be part of something that’sbigger than themselves. Over the past 67 years, thousands of community residents haveinvested in the Foundation. Because the Foundation only spends the income earned fromthese investments, the generosity of its earliest donors continue to benefit the communitytoday. Currently, the Rochester Area Foundation has assets of approximately $40 million.The mission of the Rochester Area Foundation is to strengthen community philanthropy bypromoting responsible and informed giving and to assist donors in meeting their charitableobjectives. The Foundation is dedicated to using its resources to improve the quality of life,promote greater equality of opportunities and to develop effective methods to assist those inneed in the greater Rochester area.Rochester Area Foundation meets National Standards for operational quality, donor serviceand accountability in the community foundation sector. The Foundation offers a variety ofcharitable funds and trusts to help individuals meet their financial and charitable goals.(please visithttp://www.rochesterarea.org/donor-services/funds.htmlfor fund details).Donors receive maximum tax advantages and have access to the Foundation’s knowledgeof the community and nonprofit organizations. Rochester Area Foundation handles theadministrative details and provides prompt service and grant support so donors can focuson the more rewarding aspects of giving.In addition to donor services, other major initiatives of the Foundation are described below:
First Homes Properties
was launched in 1999 as an initiative of the Rochester AreaFoundation with the goal of assisting individuals and families in the purchase of homes.From the beginning, First Homes has been organized to provide and develop fast, flexible,responsive leadership to create a permanent, adequate supply of workforce housing inhealthy, sustainable neighborhoods through collaborative efforts in the greater Rochesterarea.http://www.firsthomes.org/  
First Steps
is a collaborative public-private economic development program beingspearheaded by the Rochester Area Foundation to assure that all Rochester students areready for kindergarten. Since 2006 strategies have included: communicating the economicimperative for early investment, collaborating with community partners to improve the qualityof all early care environments and developing reliable measures of quality with the FirstSteps School Readiness Study.http://www.firststeps.us/  
 
Position ProfileAugust 2011Page 3
The Community Ventures Fund
was established by action of the Board of Trustees of theRochester Area Foundation at its meeting on December 12, 2005. Investors purchaseshares in the Community Ventures Fund, which looks something like a mutual fund,complete with prospectus, share certificates and annual meetings. All proceeds from thepurchase of shares in the Fund will be designated as unrestricted assets of the Fund. Theendowed Fund will pool contributors’ gifts and provide "dividends" for the Rochester area inperpetuity. With input from contributors, income will be distributed by Rochester AreaFoundation to advance community projects. All shareholders are entitled to have their nameaffixed to grants made in the community from the Fund.

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