RECOMMENDING A GRANT FROM LEGAL DONOR ADVISED (LDAF) FUNDS

We routinely provide information to SCF fundholders of donor advised funds about community needs, including material posted on our website, letters written to all donors twice a year summarizing requests we have received for grants, and invitations to community needs meetings and trainings that we conduct and facilitate.

Each donor is permitted to recommend grants from his/her donor advised fund. We have a stringent in-house procedure that governs this process, as follows:

1. We have the donor complete and return a copy of our Grant Recommendation Form, providing information about the donor, the recommended grantee, and the type of grant. The form also provides information about what types of grants cannot be made (any donations to help individual families in need, payment of pledges, any gift that benefits the donor, or anything prohibited by the Internal Revenue Service).
2. The SCF staff conducts due diligence about the recommended grantee (checking 501c3 status, Board of Directors, financial documents).
3. The recommendation is placed on the agenda for the next SCF Board meeting.
4. The SCF Board votes on all such recommendations.
5. All approved recommendations are then considered grants, the checks are cut, in-house accounting records are updated, and grant letters are sent to the grantee with a copy to the fund holder.

At any time, fund holders can receive information from SCF staff concerning their fund balance and the amount available to grant.

Any changes in legislation, or procedures and policies, are sent to each fund holder as soon as implemented and SCF in-house actions are amended to reflect these changes.

Grant Recommendation Form