Yes, these are referred to as program-related investments (PRIs). They’re financial tools that resemble loans or investments but are designed to advance a charitable purpose, rather than generate a profit. Examples include: Low-interest loans to help a nonprofit buy equipment or bridge a funding gap. Loan guarantees that make it easier for nonprofits to access... Read More
Yes, see this blog from Foundation Source: Adapting Your Grant Approach Series: Tips for Funding Returning Grantees. Read More
Including clear procedures for monitoring, evaluating, and changing your investment advisors in your investment policy statement (IPS) is essential to fulfilling fiduciary responsibilities. Investment advisors can include external consultants, an outsourced chief investment officer (OCIO), and/or investment managers, each playing a crucial role in supporting the foundation’s financial goals. Establishing Accountability and Best Practices To... Read More
Ways to let the public know you give grants Here are some ideas for foundations—new or well-established—looking to expand program areas or grantseeker pools: Distribute your mission and guidelines on your website or at local nonprofit events. Talk with other foundations that have similar program interests. They can sometimes refer grantees to you. Ask if... Read More
It’s always a good policy to have a grant agreement with grant recipients. Not for when the grant goes well, but rather, for when it doesn’t. With a grant agreement in place, it is easier to: Monitor a grant for performance according to the application See if anticipated outcomes are achieved Receive reports from the... Read More
An “expenditure responsibility” grant is a grant to an organization that is not a charity as defined in section 509 of the Internal Revenue Code, but that is made for a charitable purpose. An example would be a grant to a Rotary Club (a Section 501(c)(7) organization, which is not a charity) to be used... Read More