Title:
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Approve and authorize the Chairman to execute the Seminole County Government - Edyth Bush Charitable Foundation Partnership Agreement in the amount of $200,000 for the purpose of strengthening the impact, effectiveness and leadership of Seminole County nonprofit and philanthropic organizations; approve and authorize the Chairman to execute a Resolution implementing the Budget Amendment Request (BAR) #24-050 in the amount of $100,000 for the first year’s payment to appropriate an interfund transfer from the General Fund Reserves to the Economic Development Fund. Countywide (Andrea Wesser-Brawner, Chief Innovation and Strategic Initiatives Officer)
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Division:
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Innovation and Strategic Initiatives - Economic Development
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Authorized By:
Andrea Wesser-Brawner, Chief Innovation and Strategic Initiatives Officer
Contact/Phone Number:
Guilherme Cunha/407-665-2901
Background:
The Edyth Bush Institute is a program of Rollins College Crummer Graduate School of Business.
The Edyth Bush Charitable Foundation will leverage the resources and infrastructure in place at the Edyth Bush Charitable Foundation to aide in the development of nonprofit organizations located in Seminole County. This includes:
(a) underwriting the Empowering Good program to allow nonprofits to follow a learning journey that covers important nonprofit business topics like fundraising, impact measurement, financial management, risk management, and innovation;
(b) giving the nonprofits, through their learning coach, the opportunity to apply their learning to where they are in their nonprofit lifecycle;
(c) working with Seminole County to market the initiative and recruit nonprofit organizations, recruiting and orienting nonprofit coaches and preparing program components including learning management system, program logistics, evaluation, etc.;
(d) establishing the two separate cohorts of the Empowering Good program in Seminole County with up to 15 unduplicated nonprofits in each;
(e) providing monthly web conferences with the Economic Development Team sharing information on some of the above mentioned Key Performance Indicators (KPIs);
(f) providing annually for each year this agreement is in effect, the Edyth Bush Charitable Foundation will provide a verbal report to the Board of County Commissioners.
If approved, the budget will be allocated via Budget Amendment Request (BAR) in March using General Fund Reserves.
Funds are being allocated with consideration of the unexpended FY23 JGI/QTI budgets.
General Fund Reserves are currently budgeted at $55.3 million.
Requested Action:
Staff requests that the Board approve and authorize the Chairman to execute the Seminole County Government - Edyth Bush Charitable Foundation Partnership Agreement in the amount of $200,000 for the purpose of strengthening the impact, effectiveness and leadership of Seminole County nonprofit and philanthropic organizations; and approve and authorize the Chairman to execute a Resolution implementing the Budget Amendment Request (BAR) #24-050 in the amount of $100,000 for the first year’s payment to appropriate an interfund transfer from the General Fund Reserves to the Economic Development Fund.