Leadership San Luis Obispo
Legacy Project Guidelines
Purpose of the Legacy Project
- To give class members a real-world opportunity to use their new leadership skills and strengthen their bonds with other class members.
- To leave a long-lasting, positive benefit to the community.
- To strengthen Leadership San Luis Obispo and its long-term viability.
Essential Elements of a good Legacy Project
- Direct community benefit (not a community benefit through another non-profit)
- Uses the skills and talents of all of the class members; there’s a role for everyone.
- Is an active project involving hands-on effort; not just fund raising.
- Is fun and enjoyable for class members!
What isn’t acceptable as a Legacy Project
- A project that’s political or controversial.
- A project that’s a fund-raiser for another non-profit.
- A project that excludes any class member.
The Legacy Project approval process
The LSLO Foundation Board of Directors has delegated approval of Legacy Project proposals to Chamber president/CEO Ermina Karim. As projects are considered, informal discussions with Ermina are recommended. When a final proposal is ready, it should be submitted to Ermina in writing before any work begins.
Funding the Legacy Project
Leadership SLO’s 501c3 tax status is its number one asset. The designation allows Leadership SLO to operate and serve our community. Therefore, it is guarded closely and not typically available for legacy project use.
In addition, tuition covers less than half of the costs of a Leadership SLO year. Donors (some forty-two day sponsors, scholarship sponsors and major donors in 2017) make up the difference and their generosity keeps the program affordable. Other reasons to avoid use of the Leadership SLO tax status is the potential for double teaming established donors, providing donors with IRS receipts and uncertain responsibility for donor recognition follow-through.
Finally, the part-time accounting team at the Chamber cannot take on additional responsibilities of processing and tracking legacy donations.
If donations need to be collected in order to ensure completion of the legacy project, the benefitting entity (City, County, nonprofit) has typically assumed the bookkeeping role.