Working with Foundations Mary Hunt-Lieving Senior Program Officer What is a foundation? Nonprofit Funds from one or more sources Supports eligible, charitable purposes •Some Foundations are not grant makers. Think-tanks for example Basics of Foundations (grant makers) Endowments Invested Some are ‘perpetual’ (% in grants) Some are ‘pass through’ Types Private: one source Family: donor family involvement Operating: provide charitable services Independent: generally do not raise funds Corporate: company sponsored Public: multiple sources Private Funding: Foundations National Nature of the program Internal criteria Regional Geographic region served Nature of the program Current initiative areas Community Foundations Excellent vehicle to increase local giving “Funds” created by individuals, groups, companies Permanently endowed Governed locally Multiple charitable activities Corporate Company Geographic Footprint Mission May Support Company Profile Grantees IRS Charitable Non-profits Units of Government Colleges and Universities Schools Benedum and Local Government Research (e.g. economic impact analysis) Planning Civic Engagement Project Development Regional Collaboration Project funding