Anondo Fund Inc

How it makes and monitors grants (Schedule I, Part IV)

Anondo Fund Inc. only makes grants to qualifying 501(c)(3) organizations. We primarily issue unrestricted grants. As such, we do not require normally grant reporting from our grantees. In some cases, we direct grants to specific programs within established 501(c)(3) organizations, provided these programs are already set up and open to receiving public support. For example: directing general support to benefit reforestation efforts undertaken by an environmental nonprofit. Since such a program is a long-standing and publicly supported effort, we do not require additional reporting from the grantee in these cases. The Anondo Fund Terms of Use agreement (that all donors must agree to before giving) states that in order for organizations to receive grants, they must meet our eligibility requirements. For eligibility, organizations must: (i) be recognized by the IRS as exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code (ii) be classified as a public charity under Section 509(a)(1) or 509(a)(2) of the Internal Revenue Code;(iii) be in good standing with applicable state and federal regulatory authorities; (iv) not engage in money laundering or other illegal activities; and (v) not be named on the U.S. Office of Foreign Assets Control watch list.