St Louis Community Foundation

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

Each grant reflects a collaborative understanding of the donor's charitable goals in establishing a fund and the community foundation's understanding of the regulations that govern charitable grants, including grants to individuals, and the practical, administrative facts of assuring appropriate recordkeeping and oversight. grants are made only to organizations with confirmed 501(c)3, or equivalent, nonprofit status. guidestar's charity check is used to verify status and identify supporting organizations. continued on supplement page continued from sch i part iv supplemental informaion: grant recipients receive written instructions on use of grant funds, fiscal responsibility, liability, publicity as well as grant acknowledgement guidelines. advisors to donor advised funds receive written guidelines for allowable grant recommendations, restrictions, and the prohibition of personal inurement. advisors agree that no grant recommended fulfills a personal pledge or provides benefit to the advisor or advisor's family. most grants are for general support of an organization but restricted purpose grants are approved as well. the organization is notified and reminded of the responsibilities of accepting the restricted grant. if warranted, a more formal grant agreement is drawn up to specify expectations and responsibilites. recipients of grants from designated funds are required to report annually on use of grant funds. lack of reporting jeopardizes subsequent grants from the foundat