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
3 Paid Staff (Full-Time Equivalent)
$1,500,000 Endowment Value
$25,000 Total Annual Grantmaking
Organization | Bermuda Community Foundation |
---|
Address 1 | 16 Wesley Street, Sterling House, 4th Floor |
---|
Address 2 | Did not answer |
---|
City / Town | Hamilton |
---|
State / Region | Bermuda |
---|
ZIP / Postal Code | HM 11 |
---|
Country | Bermuda |
---|
Continent | North 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 |
---|
Phone | 441 294-4951 |
---|
Email | info@bcf.bm |
---|
Website | www.bermudacommunityfoundation.org |
---|
Organization Leader (Name, Title) | Myra Virgil, Managing Director |
---|
Primary Contact’s Name | Myra Virgil |
---|
Primary Contact’s Position | CEO and Managing Director |
---|
Year Founded | 2013 |
---|
Mission Statement | Creating an enduring source of funds forever dedicated to the good of Bermuda |
---|
Organization Description | Community Foundation |
---|
Other Description | Did not answer |
---|
Approximate Size of the Population Serviced | 64,000 |
---|
Total Paid Staff (Full-Time Equivalents) | 3 |
---|
Total Unpaid Staff (Full-Time Equivalents) | 1 |
---|
Total Board Members | 7 |
---|
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 Endowment | Yes |
---|
Value of Endowment (or Financial Reserves) as of the End of Last Fiscal Year | $1,500,000 |
---|
Change in Financial Status Over Last Three Years | A little improvement |
---|
Factors that Played a Role in the Origins of Your Organization |
---|
Community leadership | Played a centrally important role |
---|
Philanthropic gifts | Played a centrally important role |
---|
Grassroots activism | Played a slight role |
---|
Inadequate government services | Played an important role |
---|
Changes in the political environment | Played a slight role |
---|
Changes in the economic environment | Played an important role |
---|
Government initiative funding | No role |
---|
Foundation initiative funding | Played a slight role |
---|
Bilateral or multilateral initiative funding | Played a slight role |
---|
Favorable legal or fiscal policies | Played a slight role |
---|
|
Time Spent Working in Following Areas |
---|
Neighborhood | Lots of time |
---|
Locally | Lots of time |
---|
Regionally | None |
---|
Nationally | Lots of time |
---|
Internationally | None |
---|
|
Rate Importance of the Following Functions |
---|
Grantmaking | Important but not central |
---|
Having local people as leaders in the organization | Centrally important |
---|
Seeking local donations | Centrally important |
---|
Having a gender balance in the organization | Important but not central |
---|
Board reflective of community diversity | Centrally important |
---|
Building an endowment | Centrally important |
---|
Serving donor needs | Centrally important |
---|
Acting as a fiscal intermediary for the community | Centrally important |
---|
Building inclusion and trust in the community | Centrally important |
---|
Pursuing equity | Important but not central |
---|
Accountability to local people | Centrally important |
---|
Raising money for grantmaking annually | Centrally important |
---|
Community development | Centrally important |
---|
|
In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas |
---|
Arts and culture | Little |
---|
Education | Lot |
---|
Environment | Did not answer |
---|
Health | Fair amount |
---|
Human and social services | Lot |
---|
Human rights | Little |
---|
International relations | Did not answer |
---|
Religion | Not at all |
---|
Economic development | Fair amount |
---|
Conflict resolution/bridging different parts of the community | Fair amount |
---|
Information technology | Little |
---|
Strengthening local or regional government | Little |
---|
Housing | Did not answer |
---|
Children | Lot |
---|
Water | Did not answer |
---|
Alternative energy | Not at all |
---|
Disaster relief | Not at all |
---|
Advocacy with authorities | Little |
---|
Job training | Fair amount |
---|
|
Nongrantmaking Services Offered to Community in Recent Years |
---|
Convening for issues of local concern | Occasionally |
---|
Promote collaboration between grantees | Did not answer |
---|
Promote understanding of public policy | Occasionally |
---|
Training/capacity-building for local organizations | Often |
---|
Advocacy | Did not answer |
---|
Loaned staff | Never |
---|
Research | Often |
---|
Community needs assessment | Occasionally |
---|
Leadership development | Did not answer |
---|
Internships | Rarely |
---|
Providing space for local organizations | Did not answer |
---|
Access to information technology | Occasionally |
---|
Publishing/knowledge sharing | Often |
---|
|
Main Trends Over the Past Year in Geographic Area Served |
---|
Poverty | Getting worse |
---|
Crime | Getting better |
---|
Trust among different sections of the community | No change |
---|
Equitable distribution of resources and services | Getting worse |
---|
Social position of marginalized groups | No change |
---|
Responsiveness of authorities | Getting worse |
---|
Appropriateness of public policies | Getting worse |
---|
Value of community assets | Getting better |
---|
Quality of the environment | Getting better |
---|
Number of people and organizations working to change and improve their community | Getting better |
---|
Levels of innovation and risk taking in addressing community problems | Getting better |
---|
Networks and links between different parts of the community | Getting better |
---|
Gender equity | No change |
---|
Charitable giving through the community foundation | Getting better |
---|
Number of people and organizations involved in philanthropic giving | Getting better |
---|
|
Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years |
---|
Poverty | A few small achievements |
---|
Crime | Work in the sphere but no measurable achievement |
---|
Trust among different sections of the community | Work in the sphere but no measurable achievement |
---|
Equitable distribution of resources and services | A few small achievements |
---|
Social position of marginalized groups | Work in the sphere but no measurable achievement |
---|
Responsiveness of authorities | Do not work in this sphere |
---|
Appropriateness of public policies | Work in the sphere but no measurable achievement |
---|
Value of community assets | A few small achievements |
---|
Quality of the environment | A few small achievements |
---|
Number of people and organizations working to change and improve their community | Some important achievements |
---|
Levels of innovation and risk taking in addressing community problems | Work in the sphere but no measurable achievement |
---|
Networks and links between different parts of the community | A few small achievements |
---|
Gender equity | Work in the sphere but no measurable achievement |
---|
Charitable giving through the community foundation | Some important achievements |
---|
Number of people and organizations involved in philanthropic giving | Work in the sphere but no measurable achievement |
---|
|
Active Partnerships |
---|
Formal community associations and groups | Little |
---|
Informal associations of citizens | N/A |
---|
Non-governmental organizations | Lot |
---|
Local government | Little |
---|
National government | N/A |
---|
Universities | N/A |
---|
Schools | Little |
---|
Businesses | Lot |
---|
|
Other Institutions Helpful to Our Work |
---|
National association of grantmakers | Unhelpful |
---|
Regional association of grantmakers | Neither helpful or unhelpful |
---|
Global Fund for Community Foundations | Neither helpful or unhelpful |
---|
Particular foundation | Helpful |
---|
Other organization | Helpful |
---|
|
Involvement of Local People |
---|
Regularly survey local people about our programs | Yes |
---|
Local people are engaged in the delivery of our work | Yes |
---|
Local people control what our organization does | No |
---|
Have local people represented on our board | Yes |
---|
Have regular sessions where local people advise us what our programs should do | Yes |
---|
Actively engage local people as volunteers | No |
---|
All of our board is composed of local people | Yes |
---|
Account to local people about our successes and failures each year | Yes |
---|
|
Assistance in Overcoming Main Difficulties Faced in Developing Organization Further |
---|
Increased funding | Neither important nor unimportant |
---|
Better legal or fiscal environment | Very important |
---|
More volunteers | Unimportant |
---|
Access to advice or technical assistance | Very important |
---|
Better local culture of giving | Very important |
---|
Stronger civil society | Very important |
---|
More responsive authorities | Very important |
---|
|
Other | Did not answer |
---|
Most Meaningful Change that Organization Has Helped to Bring About in the Last Three Years | 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. |
---|