thecommunityfoundation.net

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Definitions (45)

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query letter


Also referred to as a letter of inquiry, this is a brief letter outlining an organization's activities and a request for funding sent to a prospective donor to determine if there is sufficient interest to warrant submitting a full proposal. This saves the time of the prospective donor and the time and resources of the prospective applicant. Re [..]
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glossary - the community foundation


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for donors


FOR NONPROFITS
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for students


 
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bequest: a sum of money made available upon the donor's death. board discretionary fund


A term collectively referring to unrestricted and field of interest funds, which are not bound by permanent restrictions nor connected to an active donor advisor; grants from these funds are made at the discretion of the community foundation's board of governors. Bylaws:
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challenge grant


A grant that is made on the condition that other monies must be secured, either on a matching basis or via some other formula, usually within a specified period of time, with the objective of stimulating giving from additional sources. Charitable Gift Annuity:
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charity


In its traditional legal meaning, the word "charity" encompasses religion, education, assistance to the government, promotion of health, relief of poverty or distress and other purposes that benefit the community. Nonprofit organizations that are organized and operated to further one of these purposes generally will be recognized as exemp [..]
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community foundation


A community foundation is a tax-exempt, nonprofit, autonomous, publicly supported, philanthropic institution composed primarily of permanent funds established by many separate donors of the long-term diverse, charitable benefit of the residents of a defined geographic area. Typically, a community foundation serves an area no larger than a state. Co [..]
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decline


Also referred to as Denial, a decline is the refusal or rejection of a grant request. Some declination letters explain why the grant was not made, but many do not. Demonstration Grant:
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designated funds


A type of restricted fund in which the fund beneficiaries are specified by the grantors. Discretionary Funds:
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