First things first: What is a community foundation? Most regions have a community foundation, an independent charitable organization that serves a defined geographic location—typically, a city or county. Community foundations accept gifts from individuals, businesses, foundations, and government agencies. Donors give in three main ways: unrestricted gifts to support the community foundation, gifts to the... Read More
Challenge (or matching) grants are great tools for stretching a foundation’s grant dollars, helping a group diversify its donor base, and testing the attractiveness of a project or program for other ”investors.” For any given project, a challenge grant also can give a foundation the stamp of approval that comes from someone else being the... Read More
There is always room—and a need—to keep learning, adapting, and improving. Embrace continual learning People learn in different ways: through formal training, conversation, coaching, reading, doing, and, most often, through a combination of all these. It’s important to develop a learning agenda for yourself and your organization, including the most effective and feasible ways to... Read More
In addition to paying careful attention to how your foundation is governed, it’s also important to think about how your nonprofit grantees are governed. Here’s a checklist to consider when evaluating a potential grantee. How is the nonprofit’s financial health? Does the grantee have at least one financial expert on its board? If not, does... Read More
Our “foundation family” includes teachers, accountants, a doctor, lawyers, business people, executives, software engineers, a photographer, a film producer, and a musician. If you appeal to what people like to do, they are more likely to engage in the limited time they have. We have a host of talents at our disposal; we just have... Read More
Project funding often is more appealing than general support funding because projects are time limited and focused. It is easier to evaluate whether a project has met its goals. In addition, project budgets are smaller than overall organizational budgets, and thus your grant provides a larger percentage of needed funds. Also, new projects make sense... Read More