Common use of Grant Recommendation Policies Clause in Contracts

Grant Recommendation Policies. x. Xxxxx Disbursements Grants may be paid to organizations defined as tax-exempt public charities under Sections 501(c)(3) and 509(a) of the Internal Revenue Code. Although The Community Foundation encourages donors to invest in the Washington metropolitan region, Fund Advisors may suggest a grant to any qualified public charity located in the United States. The minimum grant amount allowed is $250. There is no limit to the number of grants allowed each year. As confirmed in the Agreement, while The Community Foundation intends to follow donor and other Fund Advisor recommendations as closely as possible, The Community Foundation has full discretion whether to make a grant to a particular organization recommended by a Fund Advisor. b. Due Diligence The Community Foundation staff will review each grant recommendation to determine the following: i. The organization is a non-profit public charity, school, religious institution, or recognized as a 501(c)(3) tax exempt organization or is a qualified government entity or program. ii. The organization is not listed on the Office of Foreign Assets Control Specially Designated Nationals list to ensure The Community Foundation is in compliance with the Patriot Act. iii. The grant recommendation does not fall under The Community Foundation’s Grant Restrictions (see Grant Restrictions section below for further information). iv. Grants may be made for charitable purposes to non-qualified public charities or entities using enhanced due diligence and documentation requirements. The minimum grant amount allowed is $5,000 and an additional one-time fee of $500.00 per grantee per project will be charged to the Fund.

Grant Recommendation Policies. x. Xxxxx Disbursements Grants may be paid to organizations defined as tax-exempt public charities under Sections 501(c)(3) and 509(a) of the Internal Revenue Code. Although The Community Foundation encourages donors to invest in the Washington metropolitan region, Fund Advisors may suggest a grant to any qualified public charity located in the United States. The minimum grant amount allowed is $250. There is no limit to the number of grants allowed each year. As confirmed in the Agreement, while The Community Foundation intends to follow donor and other Fund Advisor recommendations as closely as possible, The Community Foundation has full discretion whether to make a grant to a particular organization recommended by a Fund Advisor. b. Due Diligence The Community Foundation staff will review each grant recommendation to determine the following: i. The organization is a non-profit public charity, school, religious institution, or recognized as a 501(c)(3) tax exempt organization or is a qualified government entity or program. ii. The organization is not listed on the Office of Foreign Assets Control Specially Designated Nationals list to ensure The Community Foundation is in compliance with the Patriot Act. iii. The grant recommendation does not fall under The Community Foundation’s Grant Restrictions (see Grant Restrictions section below for further information). iv. Grants may be made for charitable purposes to non-qualified public charities or entities using enhanced due diligence and documentation requirements. The minimum grant amount allowed is $5,000 5,000, and an additional one-time fee of $500.00 per grantee per project will be charged to the Fund.