Established by The St. Joe Company (JOE) in 1999, The St. Joe Community Foundation, Inc., (Foundation) is a private 501 (C) 3 nonprofit dedicated to enriching the quality of life of the people who live, work and play in Northwest Florida.
The Foundation grew out of the recognition that the communities and resorts that JOE is creating will have an immediate and long-range impact on the Northwest Florida region. The Foundation exists because of JOE's commitment to join with others in Northwest Florida to protect the unique characteristics and qualities of life for the people who call this area home.
The Foundation currently serves Bay and Walton Counties in Florida and is linked to those counties in perpetuity through its unique funding source.
Funding for the Foundation comes from a percentage of the selling price in specific communities developed by JOE. Bay County's communities include Breakfast Point, Hawks Landing, Oakmont, Palmetto Trace, and The Hammocks. Walton County's communities include The Retreat, WaterColor, WaterSound Beach, WaterSound Origins and WaterSound West Beach.
JOE pays the Foundation ½ of 1% (.005) of the sales price of the initial sale of property. Subsequent sales of the property generate a payment through recorded deed covenants, requiring the buyer to pay a Transfer Fee to the Foundation at closing
JOE wanted to establish a long-term future commitment to the region. The Foundation's investments in the quality of life in the region can be seen as adding value because good schools, hospitals, conservation and cultural experiences are important factors that make communities stronger.
Each individual's tax situation is different. You will need to consult with your own tax adviser or the IRS to determine if the Transfer Fee is tax deductible by you
The Foundation invests its funding toward education, the environment, healthcare and cultural arts; what is considered the infrastructure of the communities in Bay and Walton Counties.
The Board of Trustees oversees the grant making decisions at scheduled Board meetingsand the Executive Director oversees the administrative decisions for the Foundation.
The Board of Trustees are guided first by the IRS requirements for gifting 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 by contacting the Foundation's Executive Director, April Wilkes, at 850-231-6435, or via email at firstname.lastname@example.org. The Foundation guidelines are also on the Foundation's website, www.joefoundation.com under the "How to Apply" tab on the Foundation website's first page.
The Board of Trustees is comprised of the following people, none of whom receives compensation from the Foundation: