The Federated Youth Foundation is a Wisconsin nonprofit organization, exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. FYF is here to serve your cooperative, credit union, or mutual organization if operating in the state of Wisconsin. Contributions received from Foundation members are accounted for separately under the name of that cooperative, except for that portion of a contribution the donor places in a general fund, known as the Cooperative Education and Training Fund.
Your cooperative has the right to forfeit its unclaimed funds for use in your community or for worthy statewide causes. Has your cooperative been exercising this right?
If not, the Federated Youth Foundation (FYF) can assist you with the procedure necessary to take advantage of this opportunity, and will, at nominal costs, administer your funds and distribute them at your request for scholarships or charitable purposes.
Federated Youth Foundation is a vehicle for receiving unclaimed property, gifts, and donations from individuals and cooperatives, credit unions, and mutual insurance companies.
The Foundation is administered by Cooperative Network. Under a custodial agreement with M&I Trust Company, Madison, funds are invested and earnings are used to pay administrative expenses. Remaining earnings are allocated to the Cooperative Education and Training Fund to fund special projects approved by the board to foster statewide cooperative education efforts up to $20,000 AND the rest is allocated to member accounts based on average quarterly balances.
The Foundation is governed by a board of seven directors, elected by the membership.
(Please note that the Federated Youth Foundation does not pay any overhead costs on any grants or charitable contributions awarded.)
For more information contact Ethan Giebel, Federated Youth Foundation Executive Director, at firstname.lastname@example.org or (608) 258-4405.