The Heroes Fund is a project of the Art For A Cause Foundation. It is the means by which we provide tangible help to our Heroes. We identify organizations that advance the cause of a particular group of Heroes in meaningful ways such as:
- by providing services directly to them
- by helping to educate the public about them
- by memorializing or honoring them
All selected charities are themselves tax-exempt, non-profit organizations within the meaning of IRS Code Section 501 (c) (3) and, as best as the AFAC Foundation Board can determine, are recognized as legitimate, well run organizations with reputations for efficient use of funds. We strive to identify non-political, secular charities that are, in the opinion of our Board of Directors, compelling and yet mainstream to the public. We seek to avoid charitable groups that are controversial, divisive, and discriminatory.
Donations to Date
AFAC Foundation receives its funding primarily through corporate sponsors and individual contributors. Funds collected are allocated into three primary uses:
| Use |
Purpose & Policy |
Targeted Allocation
(Approximate)
|
|
Sustainable Support
|
To produce on-going earnings as a source of sustained donations to our selected charities. The Board will determine how earnings from these funds are to be distributed to our charities but the intention is that at least 75% of earnings will be disbursed to charities each year. Invested funds will be managed by investment professionals using low to moderate risk vehicles.
|
75% |
|
Immediate Support
|
To donate to charity groups selected by the Board within the AFAC Foundation fiscal year.
|
15%
|
|
Administration
|
For fees, web services, phone, marketing. Corporate sponsors cover much of these costs. Any monies not needed here are allocated into the uses above.
|
10% |
|
