Donor Advised Fund Grant Guidelines - Community Foundation of Western Nevada

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Donor Advised Fund Grant Guidelines

To safeguard the deductibility of your gift to the Community Foundation of Western Nevada and our charitable status, we must comply with IRS regulations governing donor-advised funds. Other policies relate to our bylaws, and to the interpretation of IRS regulations on charitable giving. Please help us by keeping the following guidelines in mind when you recommend grants from the fund you establish.

You may recommend a grant to any IRS qualified 501(c) 3 organization (nonprofit agency, religious or educational institution) working to strengthen our community. All grants must be approved by the Board of Trustees.

Grants to fund advocacy and political campaigns are not allowed to be funded by your donor advised fund. Grants to professional, networking, and service associations are not allowed if they are not classified as a 501(c) 3 organizaiton.

No Pledges, Please!
We cannot make a grant from a donor-advised fund to fulfill a pledge or other previous commitment. If you want an organization to receive multi-year support, please contact the Community Foundation first. You can recommend that the donor-advised fund make a multiyear commitment, and we will be happy to work with you to structure such a grant. We ask that when you respond favorably to a telephone or other solicitation that you tell the solicitor that you intend to recommend a grant from a donor advised fund at the Community Foundation.

Grants to Individuals are Not Permitted.
No grants to individuals may be made from a donor-advised fund, nor can we approve a grant from a donor-advised fund to an organization that will benefit an individual you have identified. For instance, please do not recommend a grant to a school when the grant is designated to provide tuition assistance to an individual whom you have identified. This would be interpreted as a grant to an individual, and could not be approved.

Scholarships are permitted following our scholarship policy and process. Please check with us regarding scholarships for education, recreational or camp experiences.

Grants to benefit causes world-wide may be funded by your donor advised fund. Oversees grants may take some addition due diligence on our part and may take additional time to process.

Tickets and Dinners and Event Auction Items: Caution
We cannot make a grant from a donor-advised fund that will result in a tangible benefit to you. This includes events, dinners, or event auction items that provide benefits or services valued in excess of $25. This restriction extends to the donor(s), fund advisors and related parties.

We ask that the Minimum Grant Request be $100.

Out of Guideline Recommendations.
When we receive a grant recommendation that does not meet these guidelines, we will contact you.

Research on Recipients.
Community Foundation staff performs due diligence on every organization recommended to receive a grant. We ascertain that the organization has be awarded 501c(3) status under IRS regulations, and we gather basic information to keep on file. If you would like additional staff assistance in researching organizations for possible grant recommendations, please ask.

For More Information call us at the Foundation at 775-333-5499.