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| Community Foundation Silicon Valley, CompassPoint and The Intuit Foundation to Help Local Nonprofits | |
| 04-14-2003 | |
Contact: SAN JOSE, April 14, 2003 – In collaboration with Community Foundation Silicon Valley and CompassPoint Nonprofit Services, Intuit Inc. will donate funds to assist local nonprofits in improving their internal financial expertise through The Intuit Foundation’s Nonprofit Financial Impact Initiative. Celebrating its 20th anniversary this year, Intuit is piloting the program through The Intuit Foundation, a separate charitable giving organization established by the company. “This initiative will help build the internal systems that many small and mid-sized public benefit agencies need for success,” said Peter Hero, president of Community Foundation Silicon Valley. "We praise Intuit for striving to make a difference.” “Twenty years ago, Intuit was launched to transform the way people run their businesses and manage their financial lives,” said Laura Castaneda, executive director of The Intuit Foundation. “The Intuit Foundation’s Nonprofit Financial Impact Initiative is a great way to give back to the community. Through this program, we hope to make meaningful, long-term contributions to nonprofits by investing in their infrastructure and financial success.” The Intuit Foundation’s initiative will provide five nonprofits with $40,000 in funding and services, including a comprehensive assessment of the nonprofit’s financial systems, technical assistance and development of a one-year work plan. The grant also includes funds to implement the work plan. Eligible nonprofits are those that work in the areas of economic development, micro-enterprise, or financial literacy that serve low-income or underserved communities. They must have budgets of $3 million or less and be located in Santa Clara, San Mateo, or San Francisco counties. “In the current economic climate, nonprofits need assistance more than ever to ensure their survival,” said Jan Masaoka, executive director of CompassPoint Nonprofit Services. “Intuit’s commitment to promoting economic empowerment makes them a logical choice to lead this initiative.” The Community Foundation will manage the grant application process and the evaluation of the project outcomes. CompassPoint will provide a comprehensive financial assessment and convene participants to share information, best practices, and successes and challenges. Information about the initiative and application forms are available through the website of Community Foundation Silicon Valley (http://www.cfsv.org). Recipients will be notified in June. About Community Foundation Silicon ValleyCommunity Foundation Silicon Valley, founded in 1954, works to build a stronger community through strategic philanthropy. CFSV promotes philanthropy, provides charitable giving expertise to individuals and corporations, and makes grants to local nonprofit organizations and schools. For more information visit http://www.cfsv.org. About Intuit Inc.Intuit Inc. (NASDAQ: INTU) is a leading provider of business and financial management solutions for small businesses, consumers and accounting professionals. Founded in 1983, Intuit has annual revenue of more than $1 billion. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.intuit.com. The Intuit Foundation was created to foster economic empowerment both nationally and in communities where Intuit has a significant number of employees. More information about The Intuit Foundation can be found at About CompassPoint Nonprofit ServicesWith offices in San Francisco and Silicon Valley, CompassPoint Nonprofit Services is a nonprofit consulting and training organization. Through a broad range of services including consulting, research, information dissemination, workshops, and conferences, CompassPoint strives to provide the best management tools and concepts to help nonprofits better serve their communities. For more information, visit http://www.compasspoint.org/ or call 415.541.9000 in San Francisco or 415.541.9505 in San Jose. Related Links: |
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