GreenSeam Futures’ mission is a subsection of GreenSeam’s wider mission to elevate our region as the world-class food and agribusiness epicenter. The original GreenSeam entity will still remain active in pursuing its four pillars of business retention and development; business attraction and creation; talent development, retention and attraction; and regional branding and promotion. The original entity will continue to fundraise in support of these goals, and it will continue to form and drive the development agenda for the GreenSeam region.
GreenSeam Futures would exist to support GreenSeam’s primary mission, by leveraging connections to the educational community and to philanthropic institutions that are not available to the primary GreenSeam entity as a 501(c)(6) business association. GreenSeam Futures would be classified as a 501(c)(3) charitable non-profit organization, which means that donors to GreenSeam Futures would be eligible to use their contributions as charitable deductions for tax purposes. to be the primary public face of the GreenSeam movement in the region. In particular, private foundations generally cannot make contributions to business associations like GreenSeam, but they would be able to contribute to GreenSeam Futures.
GreenSeam Futures’ role would be to provide coordination and financial support for areas of interest identified by GreenSeam. GreenSeam Futures would be responsible to ensure donor-deductibility, by ensuring that its funds are solely used for activities within GreenSeam’s larger mission that qualify as “charitable” purposes. To that end, as a part of the process of forming GreenSeam Futures, GreenSeam has identified four areas related to education and research consistent with GreenSeam’s overall mission for GreenSeam Futures to support.