From Bike Collectives Wiki
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| '''Why would a foundation want to give an organization money?'''
| | #REDIRECT [[Grant Writing]] |
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| They are usually associated with family foundations collecting interest on existing funds (old money) or successful businesses that made a profit in that tax period (new money). Regardless, that money is taxable, so foundations have the choice of paying those taxes OR giving a portion of them away to a charity for a tax write-off. For this reason, most foundations offering larger grants will require an organization to be an official non-profit (501(c)(3) in the USA).
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| Again, foundations only have an interest in giving you some of their ''profit'', so if they are going out of business or they didn't make any profits in that tax term -- they don't need your tax write-off.
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| '''Where can I find a list of foundations?'''
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| Foundation Center (http://fconline.foundationcenter.org/) is a great online resource, contact them and find out who in your area has an account -- make friends with that organization. You may realize it is your local Non-profit Association or local Library.
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Latest revision as of 05:45, 21 February 2012