We’ve compiled a list of the popular questions that potential donors ask most.
1. How are community foundations different from private foundations?
A community foundation is a publicly supported, nonprofit, tax-exempt organization that maintains a diverse grantmaking program in a specific community or region. In its general charitable purpose, a community foundation is much like a private foundation; however its funds are derived from many unrelated donors rather than a single source, as is usually the case with private foundations. Further, community foundations are classified under the tax code as public charities, subjecting them to different tax policies and regulations than private foundations.
2. What kind of organization may I recommend for grants?
You may recommend a 501(c)(3) nonprofit public charity. If you have a question about a particular organization, please contact The Foundation at info@cfncr.org.
3. How do I make a grant to an organization?
A donor submits a grant recommendation to the donor relations department of The Community Foundation by completing a donor suggestion form. Staff verifies the charitable intent of the recommendation and processes it for board approval on a monthly basis.
4. When can I recommend a grant?
Grant recommendations can be made monthly. Suggestions are received the first of every month. You can recommend one or many grants within a year, while simultaneously scheduling an annual gift to take place at a future date.
5. When I recommends a grant, how long does it take for the organization to receive the funds?
Grants are usually made in a 2-4 week timeframe.
6. May I recommend a grant to an individual?
No. According to IRS regulations, The Community Foundation may make distributions only to qualifying nonprofit organizations. Our staff checks all organizations for documentation of nonprofit status. Scholarship grants are possible; however, the recipient of the grant will be responsible for any tax liability. Please contact the Community Foundation at info@cfncr.org for more information.
7. May I recommend grants to organizations outside of the Washington metropolitan region?
Yes. Donors may recommend grants to any qualified 501(c)(3) public charity or operating foundation in the country.
8. May I recommend a multi-year grant from my fund?
Yes. At the time of your recommendation, please indicate that you wish the gift to be made in increments and specify the timeframe. We will administer the distribution and payment schedule. Please remember you may not pay a pre-existing legally binding pledge from your fund.
9. Can I recommend grants anonymously?
Yes. You may request that the fund name and/or the donor’s name remain anonymous. In addition, you may request that the fund name not appear in The Community Foundation’s annual reports and other relevant publications.
10. Who can recommend grants from my fund?
Anyone on record as an advisor for your fund can recommend grants from your fund. The Foundation will consider written requests to add additional advisors to your fund.
11. What happens to my fund after my lifetime?
We encourage you to name a Successor Advisor(s) to succeed you in making grant recommendations from your fund. You can find additional information on this topic in the Bequests and Planned Giving section of our website.
12. Can I change the name of my fund?
Yes. The Foundation will consider changing the name of the fund. A written request to change the name of the fund is required.
13. I want to make grants to a specific type of nonprofit organization, but am not familiar with any. Can The Community Foundation help me identify some?
Yes. The Foundation’s professional staff is very knowledgeable about a wide variety of programs and will be glad to work with you to identify grant recipients.
14. By law, may I serve on the board of an organization and recommend a grant from my Advised Fund to this organization?
Yes, as long as you receive no personal benefit from the grant.
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