Page 16 www.lux-review.com LUX 2021 Global Excellence Awards In the modern world, not-forprofit organisations and donors are significantly stretched in terms of sustainable sources of support. The Bermuda Foundation, winner of the Best Community Support Organisation award, is a public grant-making organisation which pools, stewards, and deploys funds from unrelated donors to improve the quality of life in Bermuda. Bermuda Foundation Best Community Support Organisation - Bermuda Aug21136 Internationally accredited, the Foundation has a multi-faceted mandate: it assists philanthropists to realise their charitable goals, invests in a permanent charitable asset for the community, and makes and facilitates grants to the non-profit sector. As the community foundation for the jurisdiction, its focus is on a broad range of local needs. Since it was established in 2014, it has become known for its flexibility, agility, and responsiveness. For example, following confirmation of the Covid-19 pandemic, it demonstrated the value of its infrastructure and leadership by taking a key role in coordinating an early response to the emerging crisis. This meant that those most vulnerable in the community received vital assistance right from the start. The Foundation assists clients with developing and implementing their philanthropic visions and establishing funds for them to address the most pressing issues in Bermuda. This work enables corporations, individuals, and families to establish customised charitable endowment funds without the cost and effort of setting up a private foundation. Donors’ funds are coinvested and managed to maximise returns for the support of Bermuda’s non-profit sector, while the principal remains untouched. The Foundation directs its efforts and dollars to priority community concerns with the long-term aim of delivering sustainable and lasting solutions. This focus is determined by monitoring key social indicators and their consequences for the most vulnerable people. In terms of social outcomes, the Foundation manages a standardised year-end reporting system that is available to all fund holders, and also supports leadership and organisational development through non-profit partnerships and sponsorships. Most recently, the Foundation has organised a united response to a request from the nonprofit sector to provide Covid-19 antigen tests to enable them to continue to deliver services without endangering employees, volunteers, and clients. This has meant acquiring enough tests to withstand a monthly testing regime and lifting the burden of funding from direct service providers. Ensuring it stays in touch with emerging developments in the non-profit sector and the field of philanthropy, the Foundation has surveyed the community – designing and launching the country’s first Vital Signs Report. This report establishes social priorities and highlights areas where more work needs to be done. As the Foundation approaches its eighth anniversary, it plans to adjust its course. Having spent its start-up years building the organisation, attaining accreditation, gathering data, and earning the trust of the community, the Foundation is well established and “fit for purpose”. Now is the time to prioritise endowment growth, to ensure its work for the community continues for many years to come. Company Name: Bermuda Foundation Contact Name: Myra Virgil Web Address: www.bcf.bm Contact Email: [email protected] Nov21307 A
RkJQdWJsaXNoZXIy NTY1MjM3