Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSES ARE TO ADVANCE THE MISSION OF THE GULF COAST COMMUNITY FOUNDATION OF VENICE AND TO CREATE A SOURCE OF PERPETUAL INCOME FOR THE GULF COAST COMMUNITY FOUNDATION OF VENICE. THE ORGANIZATION PROVIDES A MEANS WHEREBY THE PUBLIC MAY MAKE A GIFT TO BENEFIT THE GULF COAST COMMUNITY FOUNDATION OF VENICE IN PERPETUITY RATHER THAN MAKING A DIRECT GIFT. IT IS DESIGNED TO PROTECT THE PRINCIPAL OF THE GIFT IN PERPETUITY WHILE PAYING THE INCOME EARNED ON THE INVESTMENT TO THE GULF COAST COMMUNITY FOUNDATION. THE GULF COAST COMMUNITY FOUNDATION OF VENICE IS A NOT-FOR-PROFIT CORPORATION DESCRIBED UNDER SECTION 501(C)(3) AND SECTION 509(A)(1) AND/OR 509(A)(2) OF THE INTERNAL REVENUE CODE.