FEDERATED YOUTH FOUNDATION
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 For an in-depth 'deep dive' into the Federated Youth Foundation, read the Wisconsin Energy Cooperative News article 'It's the Principle'. |
VISION
Members are the reason why we exist. We act as a trustee and efficient manager of foundation funds providing for investment growth within a reasonable secure investment policy, receive gifts and donations from individuals and cooperatives and foster statewide education programs.
MISSION
Promote education of youth through awarding of scholarships and support communities through charitable giving.
VALUES
We strive to provide services that exceed member expectations. Our core values include accountability, integrity, innovation and commitment to community. We will be good stewards of foundation funds.
WHAT IS FEDERATED YOUTH FOUNDATION?
The Federated Youth Foundation (FYF) is a Wisconsin nonprofit organization, exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. FYF is here to serve your cooperative or mutual organization if it is operating in the state of Wisconsin. Contributions received from Foundation members are accounted for separately under the name of that cooperative, except for that portion of a contribution the donor may voluntarily place in a general fund, known as the Cooperative Education and Training Fund.
Your cooperative has the right to forfeit its unclaimed funds for use in your community or for other worthy charitable causes. Has your cooperative been exercising this right? If not, the FYF can assist you with the procedure necessary to take advantage of this opportunity and will, at nominal cost, administer your funds and distribute them at your request for scholarships or charitable purposes.
FYF is a vehicle for receiving unclaimed property, gifts, and donations from individuals, cooperatives, and mutual insurance companies.
The Foundation is governed by a board of seven directors, elected by the membership. Funds are invested with Homestead Funds. A minimal amount of earnings is used to pay administrative expenses. Some earnings can also be allocated to the Cooperative Education and Training Fund to fund scholarships, charitable gifts, and board-approved special projects geared toward cooperative-centric programs and activities. All remaining earnings are allocated to member accounts based on average quarterly balances.
FOR MORE INFORMATION
Rob Richard, Executive Director
Federated Youth Foundation
(608) 467-4649
fyf@weca.coop
Mailing Address:
Federated Youth Foundation
6405 Century Avenue, Suite 102
Middleton, WI 53562-2200
