We mobilize generosity to improve the quality of life in our community through generosity. One of the key ways we acheive this is to pioneer innovative solutions to our community's most pressing problems.
The Compass Society is established for "the love of Huntsville" with Compass Society members serving as a catalyst for Huntsville's future by implementing strategic, visionary projects that will have a significant and sustainable impact on all eight areas of our community's quality of life. This fund is intended to inspire strategic solutions to our community's most pressing problems, and guide our community to a bright future.
The Compass Society will support current year grantmaking, as well as serve as a permanent source of funding to pioneer innovative solutions to our community's most pressing problems. Fifty percent of all donations will be deployed for current year grants, and fifty percent of all donations will be added to the Compass Endowment to provide a lasting legacy of support for our community. Compass Society donors entrust the Community Foundation to implement strategic, visionary projects that will have a significant and sustainable impact on quality of life in our community. Each project has the goal of "moving the needle" on measurable community indicators and is carefully monitored for measurable outcomes to ensure our investments are achieving a positive impact.
Grant funding is determined by the evaluation of community needs in the Vital Signs project of the Community Foundation. This report identifies and prioritizes systemic challenges facing our region. When a focus area is determined, a project team is assembled from nonprofit agencies and possible local government agencies to collaboratively implement a strategic approach to combat the issue. Seed funding from the Compass Society will be leveraged with other public and/or private funding sources to meet project funding requirements.
The Community Foundation takes a holistic view of quality of life and seeks ways to make our great community even better. Vital Signs, spearheaded by the Community Foundation's Community Impact Committee, provides a check-up of key community indicators (or vital signs) to take a pulse on the health of our community and vitality of each quality of life category. This snapshot of the community can be viewed in the latest Vital Signs Quality of Life Report for Madison County, Alabama.
An endowment fund is a permanent, self-sustaining source of funding. It is designed to preserve the principal of the fund while using a portion of the investment earning for annual grantmaking.
When you contribute to the Compass Society, fifty percent of your gift is endowed provide a permanent source of funding for visionary projects that address community needs over the long-term horizon as the needs of our community continue to grow and change, and fifty percent of your gift is deployed in current year grantmaking.
Our future generations depend on those with a strategic vision for the future and the generosity to make a gift today. At the heart of our work lies the Compass Endowment, a fund for the innovators and pioneers in this community. A gift to to the Compass Society, when co-invested with countless others, has exponential potential to impact our community in big ways. The Compass Society and its endowment exist to combine the generosity of our donors with the strategic solutions posed by experts.