Friday the 13th seems like an ominous day to have my first meeting with my Foundation Group mentor, but it is also World Kindness Day! The world could use a little kindness these days.
The conversation was enlightening, it got me back to those pieces I still need to put in place. A big one is process guides. A written pathway into becoming a part of the Community House. It will help people orient and get us all on the same page. I better have some of those ready for our first meeting on November 23rd.
Also we talked about finances. Uugh. A tough subject for me, as I have had my own personal battles with money. I have often equated money with greed, and so it is a big shift for me to start to realize money can just as easily be associated with generosity, kindness and even personal empowerment.
One thing I learned was that if you are an operating foundation you must spend at least 85% of your donated funds towards operations. Well, I don't think that will be a problem. I am sure we will use 100% and then some. I was wondering what else you might do with donations than use them for the project? The big non-operating foundations apparently can hold onto their money, they only need to distribute 5%, which seems awfully low. Or maybe I heard him wrong. Anyway, I am not a big non-operating foundation, I am a small operating foundation. And so 85% it is.