General Information

See our Articles & Bylaws – Current revision approved 1/27/10

Investment Philosophy

The investment policy of the Homer Foundation is designed to ensure effective management of the Foundation’s assets in order to serve current needs and long term best interests of the southern Kenai Peninsula. The Homer Foundation assets are a collection of individual donations from private citizens and other organizations. The investment policy is primarily designed to provide sufficient annual income for the support of local charitable needs. A secondary emphasis of our policy is to grow the purchasing power of the principal in perpetuity. Policies are intended to provide guidelines, where necessary, for ensuring that the Portfolio’s investments are managed consistent with the short-term and long-term financial goals of the Foundation and the investment funds. At the same time, they are intended to provide for sufficient investment flexibility in the face of changes in capital market conditions and in the financial circumstances of the Institution. Our investment policy was developed with the long term interests of the community in mind, adheres to accepted investment principles, and reflects the mission of the Homer Foundation.

See our Annual Reports for current and past investment performance reports.


Funds

A principal goal of the Homer Foundation is to attract many donors to help build discretionary funds to provide both flexible and permanent funding sources for meeting changing community needs. By law all assets held by the Foundation are unrestricted. The Foundation recognizes that there will be donors who will wish to restrict the use of their contributions, either by advising us from time to time as to the beneficiaries they wish the income from their contributions to benefit, or by designating one or more beneficiaries when the gift is made. The Foundation accepts such restricted contributions provided they are in accordance with our established purpose and polices and federal law and tax code.

See our Establish a Fund page for more information and forms.


Distributions Policy

A principal goal of the Homer Foundation is to provide charitable benefit to the residents and communities within the Foundation’s service area through its various distributions, and to assure that the process is fair and equitable.

You can find grant applications on our Grants and Scholarships Page.


Gift Acceptance Policy

The strength behind community foundations is the ability for individuals to collectively build permanent philanthropic assets for their community. The Homer Foundation provides a simple, powerful, and highly approach to giving. Our donors have found many creative ways to make a tax-deductible donation to support their community.