Best Of
Submitting grants to board for approval
Our board allows staff to approve grants $5,000 or below as long as due diligence has been completed. Our grant committee approves anything above $5,000 via DocuSign. We currently submit an exhaustive list of all grants processed from donor advised funds, designated funds, scholarships, expense to fund, etc., regardless of the amount, to the board at our quarterly meeting, for board approval. We have completed this historically as a best practice as suggested from National Standards. We would love to know if other community foundations boards are approving EVERY grant, which is usually after the grant has been processed, or if you have a better process in place that you wouldn't mind sharing. We have thought about just a summary sheet by type of fund, or by grantee, but want to make sure we are keeping our board members informed, as well as meeting needs for accreditation. Just curious what others are doing.
Trust Based Grant Agreement Language - care to share a sample?
Hey everyone,
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!
Thanks,
Jamie
Grants & Data, Roots & Wings Foundation
Looking forward: what do you think are the biggest trends and imperatives for 2023?
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!
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