Foundations are Required to Give Money Each Year; Are You Receiving Any??

In order to maintain their 501c3 status, Private Foundations are required to give 5% of their Net Assets each year in the form of grants.  They generally consist of an individual or family.  These foundations meet one to four times a year to review applications received from non-profit organizations (mostly) and decide which ones receive funding and for how much.

➡️If you are a non-profit looking for funding for your organization, applying for foundation funding is a great way to fund your projects and services.  Foundations tend to give many in their own communities, so it is a good idea to start applying to your local Foundations first.

➡️Unfortunately, many Foundations do not have websites nor are they on social media, so they can be hard to find.  A listing of Foundations can be found on Candid Foundation Directory.  A membership is required for this directory, however if your organization has a budget of under $1M, then you can obtain a free membership for one year.

#nonprofit #foundations