Community Foundation of Burke County

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

Grant recipients acknowledge receipt of the funds and explain how the funds will be used with the understanding that any portion not used for charitable purposes shall be returned to the organization. the board of directors has established a grants committee consisting of those persons appointed by the chair. the duty of the grants committee is to exercise those duties and responsibilities in making grants pursuant to the grantmaking policy of the foundation, including making grants from discretionary funds and determining the organizations to which field of interest funds are distributed. the board of directors has established a scholarship committee consisting of at least four members, including one director and such additional members as may be appointed by the board chair. the committee has the duty of overseeing and monitoring the scholarships granted and the criteria used in selecting scholarship recipients. the organization is committed to providing a full-service scholarship program to its donors, advisory committees and award recipients. all potential donors are required to adhere to the organization's published policies on scholarship programs, including strict compliance with treasury department regulations governing community foundations. gifts may not be directly or indirectly subjected by a donor to any material restriction or condition that prevents the organization from freely and effectively employing the transferrred assets or the income derived therefrom in