|
|
|
Types
of Funds |
Donor
Advised Funds |
|
|
|
|
|
Advised Fund Frequently Asked Questions |
|
How will I know how much I have available in the fund to make recommendations for grants? How can I make an addition to my fund? What kind of organization may I recommend for a grant? May I recommend grants to organizations outside of Oregon? How can I remain anonymous to a grant recipient? May I recommend a grant to an individual? May I recommend a grant to an organization to support their public advocacy activities? How often should I recommend grants from the Advised Fund? May I recommend a multi-year grant from my fund? May I serve on the board of an organization and recommend a grant to it from my advised fund? Where can I find resources to research philanthropy and nonprofit organizations? Restrictions on the nature of grant advice are few. Individual grant recommendations of $1,000 or more are strongly preferred. However, a minimum recommendation of $250 is required in order to make the most efficient use of OCF’s resources. Also, in accordance with Treasury Department regulations, grants awarded from OCF funds may not be used to fulfill personal pledges or to pay for memberships, dues or anything that provides a direct benefit to a donor/fund advisor. How will I know how much I have available in the fund to make recommendations for grants? Each March and September you will receive an advisor packet. The packet will contain a fund financial statement that details the activity of your fund including the amount that is available for you to recommend for grants. How can I make an addition to my fund? You may add to your fund at any time. In many cases, significant tax benefits can be realized through gifts of appreciated stock or real estate. We encourage you to discuss any gift you may be considering with our staff. Many donors like to make additions to their fund in December. If you plan to make a stock gift, please let us know. The Foundation has accounts with many brokers, and most likely has an account with your broker. If timing is of concern to you, be sure to:
The Foundation also offers an opportunity to make grants to nonprofit organizations with pass-through gifts. At the time of your gift to the Foundation, you can designate all or a portion of that gift to be distributed to specified nonprofit organizations. Include a list of organizations with your gift. What kind of organization may I recommend for a grant? You may recommend qualified nonprofit public charities, schools and government programs. May I recommend grants to organizations outside of Oregon? Yes, if the organization’s mission falls within the guiding principles of the Foundation. OCF can only make international grants when the nonprofit organization has a recipient U.S. entity. On the whole, we do request that at least 50% of your recommended grants go to Oregon nonprofits. How can I remain anonymous to a grant recipient? Let us know when you submit your grant recommendations. Anonymity can be accommodated on a grant-by-grant basis. The thank you letter can be sent to OCF and we can forward it to you. May I recommend a grant to an individual? No. According to IRS regulations, OCF may make grants only to qualifying nonprofit public charities. OCF staff checks all organizations for documentation of nonprofit status. May I recommend a grant to an organization to support their public advocacy activities? Yes. According to IRS regulations it is legally permissible for OCF to make general support grants to organizations that do advocacy work, which may include lobbying. However, OCF may not make grants to organizations to support a particular candidate in a political campaign. How often should I recommend grants from the Advised Fund? We encourage you to recommend grants from your fund on a regular basis. Some advisors choose to do this annually, while others offer their suggestions semi-annually or quarterly. For more information, see Advised Fund Process. May I recommend a multi-year grant from my fund? Yes. At the time of your recommendation please indicate that the grant is to be made in increments. We will administer the grant and payment schedule. May I serve on the board of an organization and recommend a grant to it from my advised fund? Yes, as long as advisor receives no personal benefit from the grant. Where can I find resources to research philanthropy and nonprofit organizations? |
|
|
|
Select
from the questions below. If you have a question that is not
answered here,