Grantmaking Policies

Oftentimes, grantmakers can rely on the rules applicable to private foundations or even their state’s nonprofit corporation law when seeking answers to thorny grantmaking questions. But what should a charity do when both the tax code and state statutes are silent on the matter? In such an instance, it is important that your foundation craft grantmaking policies to address these unanswered areas. From donor-initiated fundraising to granting to government to the types of gifts you accept, this section can help.

In-Depth knowledge on Grantmaking Policies

Community foundations occasionally consider conducting a raffle as a way to raise money for a particular fund. The plan may be to do a raffle as a standalone fundraiser or as part of another community foundation event. In many cases, donors approach community foundations asking to conduct the raffle on their own. Whether the raffle is run by the foundation or by interested donors, here are some key issues to think through in advance to ensure compliance with applicable rules.

May a private corporate foundation or corporate giving program make a grant to a newly-established charity that has not yet received its IRS tax exemption letter?