- What is St. Joe Community Foundation?
- Why was it created?
- What specific area does the STJCF serve?
- How is STJCF funded?
- Who pays? How much?
- Why did The St. Joe Company create this particular funding source?
- Are these contributions tax deductible?
- What does STJCF invest in?
- Where can I learn more about the grants the Foundation has made?
- Where can I find information on STJCF’s total revenues?
- Who administers the foundation?
- Who is on the Board of Trustees?
- How are decisions made about what programs and initiatives are funded?
- Since I contributed funds to STJCF when I purchased my property, can I have a say in grant-making?
- Is The St. Joe Community Foundation affiliated with any other philanthropic organizations?
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1. What is St. Joe Community Foundation?
Established by The St. Joe Company in 1999 under the name Northwest Florida Improvement Foundation, St. Joe Community Foundation (STJCF) is a 501(c) (3) foundation whose mission is dedicated to the ongoing improvement of the quality of life of the people who live, work, and play in Northwest Florida. Back to Top>
2. Why was it created?
The St. Joe Community Foundation grew out of the recognition that the towns and resorts JOE is creating will have an immediate and long-range impact on the citizens and towns of the Northwest Florida region. The Foundation exists because of JOE’s commitment to join with others in Northwest Florida to protect the unique character and quality of life for the people who call this area home as well as to preserve a legacy of value for JOE customers and shareholders. Back to Top>
3. What specific area does the STJCF serve?
At present, the Foundation serves Bay and Walton Counties and is linked to those counties in perpetuity through its unique funding source. Back to Top>
4. How is STJCF funded?
Funding to STJCF comes from a percentage of the selling price in specific towns and resorts developed by JOE. These communities currently include The Retreat, WaterColor, WaterSound West Beach and WaterSound Beach in Walton County and The Hammocks, Palmetto Trace, Oakmont and Hawks Landing in Bay County. Back to Top>
5. Who pays? How much?
JOE pays to the Foundation ½ of 1% (.005) of the sales price of the initial sale. Subsequent payments continue through recorded deed covenants, requiring the buyer to pay a transfer fee to the Foundation. Back to Top>
6. Why did The St. Joe Company create this particular funding source?
JOE wanted to establish a long-term future commitment to the region. STJCF investments in the quality of life of the region can be seen as adding value because good schools, hospitals, conservation, and cultural experiences are important factors that make communities stronger. Back to Top>
7. Are these contributions tax deductible?
Each individual’s tax situation is different. You need to consult with your own tax adviser or the IRS to determine if the transfer fee is tax deductible by you. Back to Top>
8. What does STJCF invest in?
STJCF provides charitable grants toward the civic infrastructure of communities in Bay and Walton Counties. The primary focus is on strengthening education, improving healthcare, protecting the environment and supporting local cultural interests in these counties. Back to Top>
9. Where can I learn more about the grants the Foundation has made?
Visit “regional investments” to view the “full grant list” for the two counties. Back to Top>
10. Where can I find information on STJCF’s total revenues?
STJCF publishes an annual report that is available by visiting Annual Reports. > You may also contact Executive Assistant, Janet Greeno by phone at 850.588.1957 or email at janet.greeno@joe.com
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11. Who administers the foundation?
A Board of Trustees oversees grant-making and administrative decisions. Back to Top>
12. Who is on the Board of Trustees?
The Board of Trustees is comprised of the following people, none of whom receives compensation from STJCF:
- Jorge Gonzalez - Vice President of Entitlements, The St. Joe Company
- Neal Wade - Senior Vice President of Economic Development, The St Joe Company
- Janet Greeno - Executive Assistant, The St Joe Company
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13. How are decisions made about what programs and initiatives are funded?
The Board is guided, first, by the I.R.S. requirements for gifting by 501(c) (3) organizations. Based on those requirements, they have established guidelines and criteria to determine the viability of applications. Guidelines and the application process are available either by contacting the STJCF manager or visiting How To Apply >
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14. Since I contributed funds to STJCF when I purchased my property, can I have a say in grant-making?
We welcome suggestions from all community members concerning potential grant recipients. Please contact Janet Greeno, Executive Assistant, at 850.588.2210 or janet.greeno@joe.com to discuss your suggestions. Back to Top>
15. Is The St. Joe Community Foundation affiliated with any other philanthropic organizations?
STJCF is a member of Council on Foundations. Back to Top>
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