The Imperial Foundation
Investing today for a better TOMORROW.
The Imperial Foundation Committee was formed to invest in the future of Imperial and the surrounding community. Designed to benefit families in the community for many generations to come, the Foundation Committee is an advisory committee of the Imperial Homeowners Association Board, and assists the Board in determining areas of need and interest within the community.
Who Benefits From the Funds?
The Foundation Committee helps to create a profound sense of community through the sponsorship of activities and events in and around Imperial. As Imperial continues to grow, the Imperial Homeowners Association’s ability to fund Foundation Fee grants for innovative projects and enriching programs will grow. The Foundation Committee targets projects that will have an enormous impact on the quality of life of Imperial residents and the surrounding community.
“Building a community that celebrates life, both now and for generations to come - that’s what The Foundation is all about.” — Shay Shafie, General Manager, Imperial
The Imperial Foundation Fees are expected to generate substantial funds on an annual basis, with money supporting five primary areas of focus in Imperial and the surrounding community:
- community events, clubs, groups, and sports
- health and wellness
- the environment
While the Foundation Committee is on the vanguard, it is patterned after successful models in outstanding residential communities throughout the country including Cross Creek Ranch in Fulshear, Texas; Woodforest in Montgomery, Texas; Summerwood in Panama City Beach, Florida; Bonita Bay near Naples, Florida; Celebration in Orlando, Florida; Castle Hills in Dallas, Texas; DC Ranch in Phoenix, Arizona; and Grayhawk in Scottsdale, Arizona.
Who Funds The Foundation?
Owners of property in Imperial. The Foundation is funded by community enhancement/endowment fees which have been assessed on every real estate transaction. The maximum fee to the Foundation is one percent, however the current fee is equal to 0.25% of the sales price of a new home and 0.50% of a resale. Commercial properties contribute $2,000 an acre. The Foundation fee remains as a deed covenant; therefore, if a property is re-sold in the future, a contribution is made to the Foundation at closing. This allows the Foundation to grow as Imperial grows. The Foundation will contribute to enriching programs that will have an enormous impact on the quality of life in Imperial.