“Children are the world’s most valuable resource and its best hope for the future”
— John F. Kennedy
The CFOS Foundation was launched in 2007 by the partners of CFO Selections. 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 was one of a small community-based foundation with a laser focus on supporting direct needs-based programs for children. Beginning in late 2012, the Foundation narrowed its focus to programs that further the well-being, specifically, of foster children. The foundation is particularly interested in small, local, grass roots programs and organizations, and believes 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. The CFOS Foundation Fund is compliant with the nondiscrimination and privacy policies of The Seattle Foundation.
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 a ten-person community-controlled advisory board, eight of which are community leaders, and two of which are CFOS representatives. The board is solely responsible for assessing grant applications and making grant recommendations to The Seattle Foundation, and is governed by a code of ethics.
“Those around [our CFOS consultant] quickly learned to listen to his words of wisdom and questions. Not only has he strengthened our core business practices, he has brought real value, resulting in a much stronger balance sheet.”-- Kirk Wheeler, Ed.D., Head of School St Thomas School
“CFO Selections delivered exactly what we needed during a stressful and difficult time. We look forward to calling on CFO Selections in the future should a need arise.”-- Robert Lowy, Director of HR, Seattle Symphony
“We are confident in our strong financial infrastructure, which we attribute to the expertise of our CFO Selections consultant.”-- Diana Dollar, Executive Director, The Prosperity Agenda
“Our CFOS Consultant has not only done a superb job as a CFO but he has also been instrumental in helping us put together a proposal that brought in much-needed and very timely funding. He has taken a very active and engaged role here at New Futures. I, and my board, are very pleased that we decided to choose CFO Selections to fill our finance leadership needs.”-- Jenn Remirez Robinson, Interim Executive Director, New Futures
“I find [our consultant] to be calm under pressure, articulate, and able to convey complex financial structures in a way that supports decision-making for those on our board and administrative team who do not come from a financial background.”-- Kirk Wheeler, Ed.D., Head of School St Thomas School
“CFO Selections has exceeded our expectations. They were able to quickly understand the complexity of our organization and effectively communicate the financial implications of decisions.”-- Michael Stewart, Executive Director, Boyer Children’s Clinic
A charitable foundation providing time, talent, and treasure to foster children within the communities CFO Selections serves.
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