A grantee is a person or institution who receives a grant. A grantee is usually gifted with this money in order to fund an enterprise of some sort – a charitable organization or scientific research, for example.
Archive for the ‘Give Page’ Category
A Grantee is…
Wednesday, July 29th, 2009You’re a foundation. Do you sit on that mountain of money or make it rain?
Tuesday, July 28th, 2009John Hunting started the Beldon Fund 10 years ago with the intention of giving it all away by this year. He said, “I felt as an environmentalist that it was imperative to spend the money now, because it would be silly to wait for the future if there wasn’t going to be a future.” As planned, the Fund closed to meet its deadline.
This spend-down strategy is called a sunset provision. Foundations use sunset provisions when they want to assert a sense of urgency for a cause. The Beldon Fund spent approximately $120 million over its decade lifespan building a groundswell of support for its environmental cause. About 12% of family foundations adopt sunset provision like the Beldon Fund.
The IBRD is…
Monday, July 27th, 2009The IBRD, which stands for the International Bank for Reconstruction and Development, is the arm of the World Bank that focuses on middle-income and creditworthy poor countries. The IBRD strives to promote sustainable, equitable and job-creating growth, reduce poverty, and address issues of regional and global importance.
The IDA is…
Monday, July 27th, 2009The IDA, which stands for the International Development Association, is the arm of the World Bank that focuses on the poorest countries in the world. It aims to reduce world poverty by issuing interest-free loans and grants.
What does the World Bank do?
Monday, July 27th, 2009The World Bank is comprised of two institutions — the IBRD (International Bank for Reconstruction and Development) and the IDA (International Development Association) — and collectively has the common goal of providing technical and financial assistance to developing countries around the world.
Basically, the World Bank gives money – in the form of low-interest loans and grants – to developing countries for many different developmental purposes: education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.
A Trustee Is…
Monday, July 27th, 2009A trustee is a person or member of a board chosen to direct the funds and the policies of an institution, often a charity or a foundation.
Nonprofit Articles of Incorporation are…
Thursday, July 23rd, 2009Articles of incorporation are the basis of a legal document that describes the purpose of a company or a nonprofit organization, what it does, and how it is structured (much like the Constitution of the United States). Drafting articles of incorporation is the first step to starting a nonprofit or a corporation.
Nonprofit Seed Money is…
Thursday, July 23rd, 2009Seed money is the first round of funds given to a startup company or nonprofit organization to pay for getting it off the ground. For companies, this money is the first investment they receive and while risky, can be highly profitable for the investor if the company does well.
An Endowment is…
Monday, July 20th, 2009An endowment is an income, permanent fund, or form of property attached to a person or institution in order to accomplish a specific goal. For example, many colleges have endowments their administrations can draw upon to improve themselves (to provide financial aid money, pay high salaries to attract top professors, finance new campus buildings, and so on).
A Donor is…
Monday, July 13th, 2009A donor is someone who gives to charity. If you give money to your favorite nonprofit, then presto – you’re a donor!