Congratulations! Your organization has received a grant from an Advised Fund at the Princeton Area Community Foundation. To help you better understand this particular form of giving, here are responses to some commonly asked questions:
What is an Advised Fund?
An Advised Fund (often called a “Donor-Advised Fund”) is a charitable entity set up by a donor at the Princeton Area Community Foundation (a 501(c) 3 public charity) to facilitate their charitable giving. These Funds can accept charitable gifts from one or several donors and allow an advisor (many times the same person or family) to recommend grants to nonprofit organizations. Donors receive a charitable tax deduction and gift acknowledgement directly from the Community Foundation when they make a gift to a Princeton Area Community Foundation Advised Fund.
Is this a grant from the fund advisor or the Princeton Area Community Foundation?
Because donors to Advised Funds have already received a tax deduction for their gift to the Community Foundation, this is a grant from the Princeton Area Community Foundation. Any receipt or public recognition for the grant should recognize that.
There is no need to send the Community Foundation a thank-you letter or receipt. We consider the cancelled check as proof of your acknowledgement that no goods or services were received by the fund advisor in exchange for the grant.
We do suggest that you thank the fund advisor when appropriate for recommending that the Community Foundation make a grant to your organization, but please do not send them a tax receipt.
How do we contact the fund advisor who made the recommendation?
You may already have the contact information for this fund advisor in your organization’s records. If not, it may be listed in the lower left hand corner of the grant letter. If it is not listed on the letter, the fund advisor has requested that their contact information not be released. The Community Foundation does not divulge such fund advisors’ addresses, nor are we able to forward mail sent to them in care of the Community Foundation.
May I apply for another grant from this Fund?
The Community Foundation does not accept proposals directed to Advised Funds because grants from Advised Funds are based on consultation with and recommendations from fund advisors.
Whom should we list in our Annual Report or other Donor Recognition Listing?
Please list the “[Fund name] at the Princeton Area Community Foundation” If the grant is anonymous, simply list the Princeton Area Community Foundation. When acknowledging gifts from multiple Funds within the Community Foundation, we recommend the following example
Princeton Area Community Foundation
- Clark and Candy Fund
- The Fund for Women and Girls
- Michael and Mary Jones Family Fund
Whom may I contact with other questions about this grant?
If you have any further questions, please contact us at 609-219-1800 or e-mail firstname.lastname@example.org