COMMUNITY FDN OF GREATER DES MOINES

The community foundation serves as the fiscal sponsor for important community betterment initiatives. These initiatives fulfill short-term administrative needs for a specific program or project that is key to the future viability of the community. By serving as fiscal sponsor, the community foundation eliminates the need for these volunteer groups to establish an unnecessary nonprofit organization, yet allows for the project to be carried out in a prudent manner with strong fiscal oversight. The community foundation provides administrative and financial services for these projects. Examples include the lauridsen skatepark, gray's lake, the midamerican energy company recplex and planning for the greater des moines disaster recovery fund.