Working with Foundations
This guide delves into the fundamentals of foundations, including their definitions and classifications, such as private, family, operating, and corporate foundations. It highlights the importance of nonprofit funding sources, eligibility criteria, and the role of community foundations in enhancing local giving. Additionally, it examines the varying nature of programs funded by foundations, from supporting local initiatives to collaboration with government entities and educational institutions. Learn how foundations contribute to societal development through grants and charitable activities.
Working with Foundations
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Presentation Transcript
Working with Foundations Mary Hunt-Lieving Senior Program Officer
What is a foundation? • Nonprofit • Funds from one or more sources • Supports eligible, charitable purposes • Some Foundations are not grant makers. Think-tanks for example
Basics of Foundations (grant makers) • Endowments • Invested • Some are ‘perpetual’ (% in grants) • Some are ‘pass through’
Types • Private:one source • Family:donor family involvement • Operating: provide charitable services • Independent: generally do not raise funds • Corporate:company sponsored • Public: multiple sources
Private Funding: Foundations • National • Nature of the program • Internal criteria • Regional • Geographic region served • Nature of the program • Current initiative areas
Community Foundations • Excellent vehicle to increase local giving • “Funds” created by individuals, groups, companies • Permanently endowed • Governed locally • Multiple charitable activities
Corporate • Company Geographic Footprint • Mission • May Support Company Profile
Grantees • IRS Charitable Non-profits • Units of Government • Colleges and Universities • Schools
Benedum and Local Government • Research (e.g. economic impact analysis) • Planning • Civic Engagement • Project Development • Regional Collaboration • Project funding