Refer to your annual timeline for grant and scholarship specific dates:
- Know the dates of your scholarship and grant cycles openings and closings. We encourage you to promote these dates in your community through news releases and on social media.
- Reach out to nonprofit organizations in your community and inform them of open grant cycles.
- Reach out to the school counselors in your district and let them know of scholarships available for students pursuing higher education.
- Consider the date of your awards ceremony and begin planning the event.
- Be aware of when CKCF mails the “available-to-spend” letters to your fund contacts with information on grant money available from donor-advised funds.
Back to Basics!! What kinds of funds are there and how much do I need to know about each type?
There are many types of funds that generate charitable distributions. It is helpful to know about common types of funds and how they work. Board members should be familiar with each of the specific funds under their affiliate, and their donors and/or fund representatives.
Each affiliate also has two funds under the authority of the affiliate board. The board has discretionary use of these assets.
- Operating Fund
- Endowed Community Impact Fund (annual grant cycle fund)
There is a fund agreement known as a Memorandum of Understanding (MOU) for every fund. Make sure you have a copy of each MOU. A quick review of an MOU will give you a good understanding of a fund’s purpose, its donor(s), grant making instructions and restrictions, and its date of inception.