Donor-advised funds have been of debate within state and federal politics for many years, with various attempts to regulate donor-advised funds (DAFs) to increase their transparency, accountability, and spend down policy. A new attempt to change the policy around DAFs is currently being routed through the United States Senate. Under the proposed Accelerating Charitable Investments (ACE) Act, DAFs would either be allowed to be maintained for 15-years or 50-years. Presently, DAFs can be passed from generation to generation with no requirement that they are spent out over a period of time, or even that a percentage of funds be distributed—unlike the requirement for private foundations to distribute 5% annually.
Under this proposed Act, community foundations would be exempt from certain provisions which would allow them to continue funding their work in their service regions; however, the Community Foundation Public Awareness Initiative recently issued a statement mentioning “proposals to place restrictions on DAFs – including the latest legislation proposed by Sen. Angus King and Sen. Charles Grassley – are solutions in search of problems.”
You and your team have decided to move forward with applying for a certain grant opportunity. Most questions seem pretty typical: “Describe your project.” “Give us a brief overview of your organization as a whole.” and “Please supply us with your mission statement.”
You get down to the financial section and the required attachments that you are to upload before you can submit the final application. You see the request for your budget.
Before you simply upload your internal-use, hundred-line-item, not-even-our-program-managers-use-this budget, consider making this easier for your reviewer and for your use later on once you’re awarded the grant.
So now your application deadline has passed, you’ve received approximately 1,000 applications (give or take a few) for funding from so many great organizations. Once you weed out those that don’t align with your current funding priorities, how do you continue the review and funding recommendation process? With site visits, of course!
As a grantor, consider the following tips for your next round of site visits:
Grantors are as unique as the organization they seek to fund. They can be family foundations, community foundations, donor advised funds, corporations, or local businesses. Some grantors have been grantmaking for years while others are just entering the game.
No matter where the funding originates or how long the funder has been around, the following ideas could lend to a more streamlined grant process for all involved:
You’ve done the hardest part- you’ve gotten the grantor to agree to come visit you in your own space. Congratulations! Whether you’re in the middle of a grant application process or prospecting a new funder, it’s your job to keep the funder engaged and entranced with your programs and mission.
Here are a few points to consider when you’re planning and executing the visit:
What do you do when you find a new grant opportunity? How do you handle those opportunities brought to you by program staff, board members, or volunteers? Are you applying for every grant opportunity that even slightly fits your mission, or are you seeking to be more strategic in your grantwriting efforts?
Below are five ideas to consider when your team finds a new grant opportunity.