Profiles

Bermuda Community Foundation

16 Wesley Street, Sterling House, 4th Floor
Hamilton, Bermuda HM 11
Bermuda

Mission

Creating an enduring source of funds forever dedicated to the good of Bermuda

Most Meaningful Change

As the first entity of its kind in the region, the foundation’s concept and structure have been met with curiosity and optimism. Like the rest of the world, Bermuda has been experiencing tough economic times and an increasing need for the services that nonprofits deliver. We aspire to make giving easy, efficient and effective and to create a lasting solution to counter the ups and downs of the economy.

2013 Year Founded
$1,500,000 Endowment Value
$25,000 Total Annual Grantmaking

 Suggest an Update


This profile is 94% complete

Last Updated: 02.29.16

Top Programmatic Priorities
Population Area Served

64,000

Identifying Information
OrganizationBermuda Community Foundation
Address 116 Wesley Street, Sterling House, 4th Floor
Address 2Did not answer
City / TownHamilton
State / RegionBermuda
ZIP / Postal CodeHM 11
CountryBermuda
ContinentNorth America
Map Address (If Different)Sterling House, 16 Wesley Street
Map City / Town (If Different)Hamilton
Map State / Region (If Different)Mid-Atlantic
Map Zip / Postal Code (If Different)
Map Country (If Different)Bermuda
Phone441 294-4951
Emailinfo@bcf.bm
Websitewww.bermudacommunityfoundation.org
Organization Leader (Name, Title)Myra Virgil, Managing Director
Primary Contact’s NameMyra Virgil
Primary Contact’s PositionCEO and Managing Director
Foundation at a Glance
Year Founded2013
Mission StatementCreating an enduring source of funds forever dedicated to the good of Bermuda
Organization DescriptionCommunity Foundation
Other DescriptionDid not answer
Approximate Size of the Population Serviced64,000
Total Paid Staff (Full-Time Equivalents)3
Total Unpaid Staff (Full-Time Equivalents)1
Total Board Members7
Financial Information (in U.S. Dollars)
Organization’s Total Income in Last Fiscal Year$900,561
Organization’s Gifts Income in Last Fiscal Year$898,061
Organization’s Total Expenditures in Last Fiscal Year$363,524
Organization’s Grantmaking Budget in Last Fiscal Year$25,000
Does Organization Have an EndowmentYes
Value of Endowment (or Financial Reserves) as of the End of Last Fiscal Year$1,500,000
Change in Financial Status Over Last Three YearsA little improvement
Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization
Community leadershipPlayed a centrally important role
Philanthropic giftsPlayed a centrally important role
Grassroots activismPlayed a slight role
Inadequate government servicesPlayed an important role
Changes in the political environmentPlayed a slight role
Changes in the economic environmentPlayed an important role
Government initiative fundingNo role
Foundation initiative fundingPlayed a slight role
Bilateral or multilateral initiative fundingPlayed a slight role
Favorable legal or fiscal policiesPlayed a slight role
Time Spent Working in Following Areas
NeighborhoodLots of time
LocallyLots of time
RegionallyNone
NationallyLots of time
InternationallyNone
Rate Importance of the Following Functions
GrantmakingImportant but not central
Having local people as leaders in the organizationCentrally important
Seeking local donationsCentrally important
Having a gender balance in the organizationImportant but not central
Board reflective of community diversityCentrally important
Building an endowmentCentrally important
Serving donor needsCentrally important
Acting as a fiscal intermediary for the communityCentrally important
Building inclusion and trust in the communityCentrally important
Pursuing equityImportant but not central
Accountability to local peopleCentrally important
Raising money for grantmaking annuallyCentrally important
Community developmentCentrally important
In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas
Arts and cultureLittle
EducationLot
EnvironmentDid not answer
HealthFair amount
Human and social servicesLot
Human rightsLittle
International relationsDid not answer
ReligionNot at all
Economic developmentFair amount
Conflict resolution/bridging different parts of the communityFair amount
Information technologyLittle
Strengthening local or regional governmentLittle
HousingDid not answer
ChildrenLot
WaterDid not answer
Alternative energyNot at all
Disaster reliefNot at all
Advocacy with authoritiesLittle
Job trainingFair amount
Nongrantmaking Services Offered to Community in Recent Years
Convening for issues of local concernOccasionally
Promote collaboration between granteesDid not answer
Promote understanding of public policyOccasionally
Training/capacity-building for local organizationsOften
AdvocacyDid not answer
Loaned staffNever
ResearchOften
Community needs assessmentOccasionally
Leadership developmentDid not answer
InternshipsRarely
Providing space for local organizationsDid not answer
Access to information technologyOccasionally
Publishing/knowledge sharingOften
Main Trends Over the Past Year in Geographic Area Served
PovertyGetting worse
CrimeGetting better
Trust among different sections of the communityNo change
Equitable distribution of resources and servicesGetting worse
Social position of marginalized groupsNo change
Responsiveness of authoritiesGetting worse
Appropriateness of public policiesGetting worse
Value of community assetsGetting better
Quality of the environmentGetting better
Number of people and organizations working to change and improve their communityGetting better
Levels of innovation and risk taking in addressing community problemsGetting better
Networks and links between different parts of the communityGetting better
Gender equityNo change
Charitable giving through the community foundationGetting better
Number of people and organizations involved in philanthropic givingGetting better
Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years
PovertyA few small achievements
CrimeWork in the sphere but no measurable achievement
Trust among different sections of the communityWork in the sphere but no measurable achievement
Equitable distribution of resources and servicesA few small achievements
Social position of marginalized groupsWork in the sphere but no measurable achievement
Responsiveness of authoritiesDo not work in this sphere
Appropriateness of public policiesWork in the sphere but no measurable achievement
Value of community assetsA few small achievements
Quality of the environmentA few small achievements
Number of people and organizations working to change and improve their communitySome important achievements
Levels of innovation and risk taking in addressing community problemsWork in the sphere but no measurable achievement
Networks and links between different parts of the communityA few small achievements
Gender equityWork in the sphere but no measurable achievement
Charitable giving through the community foundationSome important achievements
Number of people and organizations involved in philanthropic givingWork in the sphere but no measurable achievement
Active Partnerships
Formal community associations and groupsLittle
Informal associations of citizensN/A
Non-governmental organizationsLot
Local governmentLittle
National governmentN/A
UniversitiesN/A
SchoolsLittle
BusinessesLot
Partnerships and External Aid
Other Institutions Helpful to Our Work
National association of grantmakersUnhelpful
Regional association of grantmakersNeither helpful or unhelpful
Global Fund for Community FoundationsNeither helpful or unhelpful
Particular foundationHelpful
Other organizationHelpful
Involvement of Local People
Regularly survey local people about our programsYes
Local people are engaged in the delivery of our workYes
Local people control what our organization doesNo
Have local people represented on our boardYes
Have regular sessions where local people advise us what our programs should doYes
Actively engage local people as volunteersNo
All of our board is composed of local peopleYes
Account to local people about our successes and failures each yearYes
Assistance in Overcoming Main Difficulties Faced in Developing Organization Further
Increased fundingNeither important nor unimportant
Better legal or fiscal environmentVery important
More volunteersUnimportant
Access to advice or technical assistanceVery important
Better local culture of givingVery important
Stronger civil societyVery important
More responsive authoritiesVery important
OtherDid not answer
Most Meaningful Change
Most Meaningful Change that Organization Has Helped to Bring About in the Last Three YearsAs the first entity of its kind in the region, the foundation’s concept and structure have been met with curiosity and optimism. Like the rest of the world, Bermuda has been experiencing tough economic times and an increasing need for the services that nonprofits deliver. We aspire to make giving easy, efficient and effective and to create a lasting solution to counter the ups and downs of the economy.
 

Suggest an Update

Submit any additional information, updates or changes to your profile. Completed sections are indicated with a green check mark. Submissions will be emailed to your foundation’s contact email for approval before being published. Thank you for taking time to suggest an update!

Identifying Information

Foundation at a Glance

Financial Information (in U.S. Dollars)

Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization

Time Spent Working in Following Areas

Rate Importance of the Following Functions

In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas

Nongrantmaking Services Offered to Community in Recent Years

Main Trends Over the Past Year in Geographic Area Served

Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years

Active Partnerships

Partnerships and External Aid
Other Institutions Helpful to Our Work

Involvement of Local People

Assistance in Overcoming Main Difficulties Faced in Developing Organization Further

Most Meaningful Change

×