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Making Grants from Your Fund |
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How do I recommend a grant?
We provide an easy to use form for recommending grants, available by clicking on the icon below. Your recommendations should be for grants of at least $100 to a tax-exempt charitable organization for general support or for a specific program or activity.
Once the form is complete, fax it to CFGG, Attn: Gina Mantura, at (336) 378-0725 or mail it to CFGG, Attn: Gina Mantura, P.O. Box 20444, Greensboro, NC 27420. | |
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Are there any restrictions?
Yes. In accordance with Treasury Department regulations, grants from donor advised funds may not be used to satisfy an irrevocable personal pledge or obligation of the donor, and no goods or services may be given to you by the recipient organization in consideration of a grant.
If a charitable organization asks for a pledge and I prefer to give from my Donor Advised Fund, how do I notify the organization?
While distributions from donor advised funds may not legally fulfill pledges, you may recommend grants to those charitable organizations. To accomplish this, please use the "This is Not A Pledge" stickers you received from the Community Foundation when you opened your fund (or call Gina Mantura at 336-379-9100 x 119 to request more) to put on the pledge cards and return to the charitable organization. Then fill out the Donor Advised Grant Recommendation Form recommending a grant to that organization and send or fax it to the Community Foundation.
How are recommendations processed?
One of the benefits of having a donor advised fund is the assurance that your grant will always be given to qualified charities. When we receive your recommendations, the charitable organizations are contacted to obtain the documents needed to ensure the tax-deductible eligibility and to ensure that your grant will be used toward the purpose you intended. If any information is uncovered which might lead staff to question a grant recommendation, it will immediately be brought to your attention.
How often and when may I make distributions from my fund?
You may make recommendations at any time. Grant recommendations and distributions from your fund are processed twice per month.
What kind of organizations may I recommend for grants?
You may recommend nonprofit public charities, schools, religious organizations, and government programs. The organizations you recommend must be exempt under Section 501(c)(3) and 170(b)(A) of the Internal Revenue Code.
May I recommend a grant to an individual?
No. According to IRS regulations, the Foundation may make distributions only to qualifying public charities.
How will you keep me informed of my fund's activity?
Each quarter you will receive a statement detailing contributions, grantmaking activity, investment performance, administrative expenses, and fund balance. You will also receive a confirmation letter and a report showing the status of your grants.
May I recommend grants to organizations outside of the Greensboro area?
Yes. The Foundation distributes grants recommended by its donor advisors to qualifying public charities across the country. Grants to certain international charities may be made but may take longer to process, depending on the organization.
May I serve on the board of an organization and recommend a grant to it from the advised fund?
Yes, as long as you receive no personal benefit from the grant.
How do I make an additional contribution to the fund?
Contributions of cash, appreciated securities, both publicly traded and privately held, as well as gifts of real estate and certain other assets such as partnership shares, are eligible as contributions to your fund. We will be glad to discuss options for giving with you or your financial advisor. When you make a gift, you will receive an acknowledgement letter that you should retain for IRS gift substantiation. The Foundation also has staff with expertise in deferred giving who can assist in the charitable aspects of your estate planning. Many donor advisors have chosen to add to their fund through a bequest or trust.
What opportunities are there to access information about programs that fit my interest area(s)?
Throughout the year, you and other donor advisors will receive the Foundation's newsletter and will be invited to attend our informational programs and special events.
We hope you will use these programs and services to further your charitable interests. Through your donor advisor partnership with the Foundation, you can choose to learn about grantmaking opportunities from professional grantmakers. Our donors services and program staff - a ready reserve of information and expertise about the nonprofit sector - are available to research organizations you might be interested in funding or to offer recommendationson grantmaking opportunities. If you wish, they will bring to your attention prescreened proposals in your charitable interest area(s) and arrange site visits to nonprofit organizations.
Whom do I contact with questions?
To make additional contributions to your fund or to create a new fund:
Contact Patrick Weiner, Vice President, Donor Services and Development
(336) 379-9100 x 115 or pweiner@cfgg.org
To ask about the status of a donor advised grant:
Contact Gina Mantura, Funds Manager
(336) 379-9100 x 119 or gmantura@cfgg.org
To receive informationn on the Foundation's discretionary grantmaking program:
Contact Tara Sandercock, Vice President, Programs
(336) 379-9100 x 113 or tsandercock@cfgg.org
To discuss the mission and activities of the Community Foundation:
Contact: Walker Sanders, President
(336) 379-9100 x 112 or wsanders@cfgg.org
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