Providing
scholarships, supporting charitable
purposes, and funding education projects
2010 Youth Leadership Congress
Jul 7–9 , 2010
UW–River Falls,
River Falls, WI
DETAILS/ REGISTRATION AVALIABLE EARLY 2010
| Put
your cooperative's
unclaimed funds to work!
|
What
is
Federated Youth Foundation, Inc.?
|
|
Becoming
a Member |
|
Why
Consider FYF? |
|
Sample
News Releases |
|
Two
Types of Funds |
|
Board
of Directors |
 |
FYF ANNUAL MEETING REPORT |
|
|
|
Cooperatives Award Nearly
$448,000
in Scholarships, Contributions to
Their Communities |
|
|
|
| What
is Federated Youth Foundation, Inc.?
|
Your
cooperative has the right to forfeit its unclaimed
funds for use in your community or for worthy statewide
causes. But has your cooperative been exercising
this right?
If not, the Federated Youth Foundation (FYF) can
assist you with the procedure necessary to take
advantage of this opportunity, and will, at nominal
costs, administer your funds and distribute them
at your request for scholarships or charitable purposes.
As a Wisconsin non-profit organization, exempt from
federal taxation under Section 501(c)(3) of the
Internal Revenue Code, FYF is here to serve your
cooperative, credit union or mutual organization
operating in Wisconsin. Contributions received from
a Foundation member are accounted for separately
under the name of that cooperative, except for that
portion of a contribution the donor places in a
general fund, known as the Cooperative Education
and Training Fund.
Federated Youth Foundation is a vehicle for receiving
contributions and unclaimed forfeiture funds held
by cooperatives. Unclaimed funds contributed to
the Foundation may be used for scholarships and
charitable purposes.
The
Foundation is administered by the Wisconsin Federation
of Cooperatives. Under a custodial agreement with
M&I Trust Company, Madison, unused funds are
invested and earnings used to pay administrative
expenses. A portion of earnings from investments
that remain are then allocated to each member's
account with the remaining earnings allocated to
the Cooperative Education and Training Fund for
special projects.
The Foundation is governed by a board of seven directors,
elected by the membership.
TOP
|
| Why
Consider FYF? |
| The
Foundation simplifies the handling of unclaimed
property for members. Because of its tax exempt
status and professional administration, FYF protects
contributing organizations from potential legal
and administrative problems regarding distribution
of unclaimed property. Cooperatives have the option
of designating funds for local charitable purposes
(with FYF board approval).
By pooling the funds of many organizations, Wisconsin
cooperatives will be able to achieve statewide educational
and charitable objectives that would not otherwise
be possible.
TOP
|
| Two
Types of Funds |
| Local
co-ops may deposit funds in individual accounts
to be used as awards for scholarships and charitable
purposes. Guidelines for selecting scholarship recipients
have been developed and are available for member
use.
The
Cooperative Education and Training fund is a general
fund established to finance statewide programs in
the areas of education, charitable purposes, and
rural cooperative development. The fund is administered
by the FYF board of directors
TOP |
| Becoming
a Member |
Membership
in the Federated Youth Foundation is open to all
Wisconsin cooperatives, credit unions and mutual
insurance organizations. An organization may become
a member by completing a membership application
and contributing a minimum of $250 to FYF. Requests
for membership application and additional information
should be directed to:
David Erickson, Executive Director
Federated Youth Foundation
131 West Wilson Street, Suite 400
Madison, WI 53703
Tel: 608-258-4405
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| |
|
Charitable
Contribution News Release
FOR
A PRINTABLE RELEASE CLICK HERE
On
(date), (Co-op name) announced the donation
of $(dollar amount) to the (charitable organization).
This donation, according to (President's name),
President of the Board of Directors of the
Cooperatives, is an example of (Co-op name)'s
commitment to the welfare of the communities
it serves. The funds for the donation come
from the Cooperative's unclaimed patronage
refunds. Since September of last year, (Co-op
name) has donated more than $(total donations
year-to-date) to local charities and for scholarships.
(CEO's name), manager of (Co-op name), states
that these donations are an example of the
cooperative's commitment to give something
back to the community.
These unclaimed patronage refunds that funded
this and previous donations are managed by
the Federated Youth Foundation (FYF), a non-profit
charitable foundation serving cooperatives
across Wisconsin. The FYF's mission is to
work with its 75 member cooperatives to fund
scholarships that will further the education
of deserving people and to support charitable
activities. The FYF focuses much of its activities
on programs for young people. Requests for
charitable donations or scholarships through
the FYF should be made to (Co-op name).
|
TOP
Scholarship
News Release
FOR
A PRINTABLE RELEASE CLICK HERE
On
(date), (Co-op name) announced the donation
of $(dollar amount) in scholarships for local
students. Recipients of these scholarships
included (recipients' names and hometowns).
According to (President's name), President
of the Board of Directors, (Co-op name) recognizes
the importance of good education and is committed
to expanding the educational opportunities
for worthy students in our communities. The
funds for the scholarships come from the Cooperative's
unclaimed patronage refunds. Since September
of last year, (Co-op name) has donated more
than $(total donations year-to-date) to local
charities and for scholarships. (CEO's name),
manager of (Co-op name), states that these
donations are an example of the cooperative's
commitment to give something back to the community.
These unclaimed patronage refunds that funded
this and previous donations are managed by
the Federated Youth Foundation (FYF), a non-profit
charitable foundation serving cooperatives
across Wisconsin. The FYF's mission is to
work with its 75 member cooperatives to fund
scholarships that will further the education
of deserving people and to support charitable
activities. The FYF focuses much of its activities
on programs for young people. Requests for
charitable donations or scholarships through
the FYF should be made to (Co-op name).
|
TOP |
| Board
of Directors
|
Todd Rosvold
President
Pulaski Chase Cooperative
Pulaski, WI
Brian Kulas
Vice
President
Taylor Electric Cooperative
Medford, WI |
Cheri Gibeaut
Sec./Treasurer
Adams-Columbia Electric Cooperative
Endeavor, WI |
Tony Wagner
Wisconsin Electric Cooperative Association
Cecil, WI |
Rick Kolb
Scenic Rivers Energy Cooperative
Lancaster, WI |
Tom Hayes
Landmark Services Cooperative
Cottage Graove, WI |
Clarence Boettcher
Eau Claire Energy Cooperative
Brodhead, WI |
| STAFF |
David
Erickson
Executive Director
Federated Youth
Foundation, Inc. |
Rose
Bartholomew
Accountant
Oakdale Electric Cooperative
Oakdale, WI |
Linda
Pierce
Administrative
Oakdale Electric Cooperative
Oakdale, WI |
|
|
