Incourage Community Foundation Inc

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

For scholarships, qualifying recipients are evaluated based on established scholarship criteria and other relevant factors and awards are recommended by a third party scholarship administrator. criteria and eligibility are confirmed by incourage staff, are approved by the board of directors and are payable directly to a third party administrator who then pays the scholarship directly to the educational institution. for donor advised grants, a board approved set of internal guidelines for donor advised grants is adhered to including, but not limited to, receiving suggestions from the donor, confirming tax exempt status, reviewing form 990's when available, seeking board approval prior to awarding grants over $25,000, and receiving acknowledgements from the grantee with respect to the use of the grant, where applicable. for certain designated and unrestricted funds, a similar process is performed by a committee of staff members. for unrestricted grants called "what if" grants, a resident review committee, comprised of three residents in 2024, holds meetings and rotates participation for grant reviews on an as needed basis. for each of seven communities that have a what if/progress fund designated toward their community, there is a resident review committee, which collectively involved 29 residents in 2024. incourage staff provide administrative support to foster the decision making, review and approval process by performing necessary due diligence, including reviewing form 990'