About CFOS Foundation
The CFOS Foundation was launched in 2007 by the partners of CFO Selections, a professional services firm. The individuals strongly believe in the concept that even small companies have an obligation to re-invest in the communities from which they earn their living.
The funding, however, is only a starting point. It is also the dream of the founders to offer scarce and valuable executive time and talent to recipient organizations. Through the network connections of its advisory board, partners, and professional affiliations, the CFOS Foundation supports and encourages volunteerism among executives to dedicate their time and talent to our recipient organizations, thus multiplying the effect of the treasure.
The vision of the founding partners, Tom Varga, Rich Leo, and Mark Tranter, is one of a small community-based foundation with a laser focus on supporting direct needs-based programs for children. They are particularly interested in small, local programs, and their collective understanding is that such programs can make a significant difference even if a grant only affects one child at a time.
This dedication to the future leaders of our community is viewed as a willing commitment of the firm. For this reason, a portion of the yearly profits earned by CFO Selections LLC is allocated directly to the foundation for community-based grants.
The CFOS Foundation Fund (the "Fund") is a component fund of The Seattle Foundation, a Section 501(c)(3) organization. The Seattle Foundation has exclusive legal control over all funds received. Accordingly, contributions to the Fund are treated for tax purposes as gifts to a Section 501(c)(3) public charity and are tax deductible to the extent allowed by law.
IRS regulations require us to note that The Seattle Foundation will not provide any goods or services to you in exchange for a contribution to the CFOS Foundation. Because the CFOS foundation is a component fund of The Seattle Foundation, the Seattle Foundation has the authority to redirect distributions of the CFOS Foundation if it becomes necessary to protect donor intent.
The CFOS Foundation is directed by an independently controlled advisory board of seven community leaders who are solely responsible for assessing grant applications and making grant recommendations to The Seattle Foundation.
