Corry Community Foundation

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

Form 990, schedule i, part ii & iii: our grant making falls into 3 categories: grants which are recommended by the original donor or fund advisors: when the recommendations are submitted, a member of the foundation's staff researches the organization and verifies 501(c)3 status. our suggestion form includes the very specific language: as a donor advisor to the corry community foundation, i recommend making this grant from the above named fund. i acknowledge that the grant recommendation must receive approval by the corry community foundation. in accordance with irs regulations, this recommendation does not represent the payment of any personal pledge or other financial obligation of the undersigned. no goods or services or tax deductible benefits will be received by payment of this grant. scholarship: each of our scholarship funds has an independent committee established for the review of the scholarship application, and the awarding decisions. the committees are established with an eye towards independence and most have a local high school official on the committee. scholarship checks are usually made payable to the school. competitive: our competitive grant making responds to the needs of the community through an application and review process. a grants committee reviews all applications, and the finance department reviews the financial documentation submitted with the application. the grants committee recommends the grants to the board of directors, who deliberate and give