When and how do we receive money donated on the Foundation’s website?

08 Nov 2011, written by

When a grant request is approved for fund development and is selected to appear on the Foundation website (under “Giving Center’), an account will set up internally in the Foundation to receive online donations from the public as well as grant distribution requests from Foundation fund holders. All monies collected initially become the property of the Foundation and, for grants under $5000, are distributed to the grantee organization by vote of the Foundation Grants Committee. Grants over $5000 are voted on by the Foundation Board of Directors. Donations are aggregated for distribution and checks are issued after Foundation grant approval. Both the Grants Committee and the full Board meet quarterly.

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