**Similar Economic Development Foundations (501(c)(3) Organizations)**
The **Greater Topeka Partnership Foundation** (EIN 80-0077427) is a classic example of a **501(c)(3) charitable foundation** tied to local economic development. It provides grants, funding for education/training, workforce opportunities, and support for underprivileged groups to advance economic growth—often complementing a related 501(c)(6) business league (like the Greater Topeka Partnership umbrella). This "dual structure" (charitable arm for tax-deductible donations + operational/business arm) is common in U.S. economic development ecosystems.
Here are comparable **501(c)(3) foundations** focused on economic development, drawn from public examples across the U.S. (with emphasis on Midwest/Kansas where possible). These often fund grants, loans, workforce programs, business support, or community revitalization in distressed/underserved areas, aligning with IRS-recognized charitable purposes like relief of the poor/distressed, advancement of education, or community betterment.
### Midwest/Kansas-Focused Examples
- **Topeka Community Foundation** (Topeka, KS): Manages charitable funds for local needs, including economic opportunity, education, and community development grants. It supports nonprofits and initiatives that boost Topeka's quality of life and prosperity—similar role as a philanthropic partner to local economic efforts.
- **Greater Kansas City Community Foundation** (Kansas City metro, KS/MO): Oversees donor-advised funds and grants for 501(c)(3) charities in the region, including those focused on economic mobility, workforce development, entrepreneurship, and underserved communities. It powers inclusive economic growth through philanthropy.
- **Patterson Family Foundation** (Kansas/western Missouri): Funds rural entrepreneurship, business support, mentorship, technical assistance, and innovation to address economic barriers—explicitly targets economic opportunity in rural areas.
- **Central Kansas Community Foundation** (Central KS affiliates): Provides grants to 501(c)(3)s, governments, and schools for community/economic projects, often in rural or underserved areas.
### National/Regional Examples with Similar Structures
- **San Diego Regional Economic Development Foundation** (San Diego, CA): A 501(c)(3) companion to the San Diego Regional EDC (501(c)(6)). It accepts tax-deductible donations to support job creation, business cultivation, and quality employment opportunities—mirrors the Topeka model of charitable support for economic goals.
- **Indiana Economic Development Foundation** (Indiana): A 501(c)(3) that supplements the Indiana Economic Development Corporation (state agency) with private donations for marketing, workforce, and growth initiatives. Shares leadership/staff with the operational arm.
- **Greater New Orleans Development Foundation** (New Orleans, LA): A standalone 501(c)(3) sharing management with Greater New Orleans, Inc. (GNO, Inc.), focused on economic development, business support, and community revitalization.
- **Carolina Small Business Development Fund** (North Carolina): A 501(c)(3) providing capital, technical assistance, and policy research to foster economic opportunity in underserved communities via small business lending and support.
- **National Institute of Minority Economic Development** (Durham, NC, with national reach): Focuses on minority business diversification, economic opportunity, and community development—originally seeded by grants for similar purposes.
### Common Patterns Among These Organizations
- **Mission Alignment**: Relief for poor/distressed/underprivileged + economic advancement (e.g., jobs, training, business startups in targeted areas).
- **Revenue/Activities**: Primarily contributions/grants (tax-deductible), some program revenue (loans/fees), and grants out to related entities or nonprofits.
- **Scale**: Modest to mid-size revenue (hundreds of thousands to millions), often fluctuating with grants.
- **IRS Recognition**: Qualify under 501(c)(3) for charitable economic development (e.g., aiding depressed areas, incubators, minority businesses), per IRS guidance on relieving poverty/distress through job creation and community support.
These are not exhaustive but represent well-documented parallels. Many economic development efforts use 501(c)(3) arms for philanthropy while 501(c)(6) handles lobbying/marketing. If you're interested in a specific state, city, or aspect (e.g., financial comparisons, how they structure grants), let me know for a deeper look!
Henry McClure
Time kills deals
785-383-9994
www.henrymcclure.live
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