With a new year comes fresh perspective (and new questions)!
I'm looking for a handful of grant agreements from family foundations that could help us potentially reframe the "Grant Terms" section of our agreement. Bonus would be trust-based agreements, but all types would be helpful. I'm curious to see what other foundations outline as their dos and don'ts.
Would you mind sharing yours? Happy to return the favor someday!
Grants & Data, Roots & Wings Foundation
We asked philanthropic leaders to share what they see as the top trends in the months ahead. What is top of mind for you and your organization? What initiatives and ideas are you working on? Let's share what you're excited about, would love input on, and trends you see for the future!
Looking for the Nonprofits discussion? Click here.
Hello everyone! As grant makers and funders, I'm sure we've all had our moments of wishing that we could fund all of the amazing projects that we have the privilege of reviewing. One of my Board Members recently expressed frustration with the number of applicants we have to turn away due to lack of funds, and posed the question "what if we could give a little bit to everyone?"
While divvying up our funding pool equally between all applicants isn't feasible, her question got me thinking about non competitive grant models, or models where all eligible applicants get offered at lease a base amount of funding. A Google search on the topic didn't return many results, so I'm turning to this excellent community for further insight.
Does anyone here have experience with this type of "fund everyone" or non competitive grant models?
Crescendo was recommended in one of the webinars late last year and we are looking for feedback on their services. Also does anyone have any other recommendations for marketing materials like Crescendo?
We are looking for help with creating content for newsletters, email blasts, etc.
1) What are your procedures for closing a fund that is currently in an investment pool?
2) Do you have a policy that explicitly states these procedures that the fund holder receives/signs off on as part of the onboarding process (i.e. Fund Agreement and/or Terms & Conditions)? If so, could you please share?
Our current practice is to 1) Clearly communicate with the fund holder that closing a fund comes in two separate distributions. The first distribution represents the majority of the fund balance and would be distributed ASAP. 2) On the first of the following month, disable “Revenue Share” to stop allocating them investment earnings. 3) The second and final distribution would happen the following month after the current month's earnings have been calculated and final monthly admin fee assessed.
The Achilles heel to this approach is that our investment earnings are received monthly (usually around the 10th of the month), and the fund holder would therefore be “out of the market” for ~ two weeks before all of its monies are received. We realize that some agencies may not be happy about that.