HISTORY & LEGAL STATUS


 Legal Status

 

State
The Edina Community Foundation is a nonprofit corporation under Minnesota law with a July 1-June 30 fiscal year, and it files a Charitable Organization Annual Report with the Minnesota Attorney General.

Federal

The Foundation is an exempt organization eligible for tax-deductible charitable contributions under Section 501(c)(3) of the U. S. Internal Revenue Code. It files a Form 990 annually with the Internal Revenue Service.







A Brief History

The Edina Foundation was incorporated in 1977 under the joint auspices of the Edina City Council and the Edina Board of Education. By the Foundation’s 25th anniversary in 2002, the Board of Education had established its own charitable organization, the Edina Education Fund, and agreed with the Edina City Council to release their rights to make appointments to the Foundation Board. Following that joint action, the Foundation changed its name to the Edina Community Foundation, and its Board of Directors has been expanded to be broadly representative of the Edina community.