|
Submitting Foundation
|
|
Foundation Name:
|
Foundation for the Carolinas
|
|
Address:
|
217 S. Tryon Street, Charlotte, NC 28202
|
|
Phone:
|
704 973-4500
|
|
Fax:
|
N/A
|
|
Website URL:
|
www.fftc.org
|
|
Founded:
|
1958
|
|
Submitted By:
|
Michael Marsicano, PhD
|
|
Title:
|
CEO & President
|
| |
|
Practice Example Details
|
|
Methodology:
|
gift/fund acceptance policy
|
|
Standard:
|
A community foundation accepts and administers a diversity of gift and fund types to meet the varied philanthropic objectives of donors.
|
How does this practice
meet the applicable standard?
|
The Foundation for the Carolinas has created an extensive and detailed Charitable Giving Guide that provides information for donors about the many options, services and tax benefits that the Foundation provides, and its policies and procedures around the acceptance and management of gifts.
|
What method is used for
monitoring and measuring outcome?
|
The Charitable Giving Guide covers: client services; establishing a gift fund; gifts accepted; tax considerations; gift funds and options for giving; gift fund advisors; succession plans; investments and investment options; supporting foundations; private foundations; planned giving; service charges; gift fund distributions; policy for special programs and fiscal sponsorship; ethics policy; principles and practices for effective grantmaking.
|
|
What were the results?
|
Donors and potential donors to the foundation have an in-depth understanding of the types of funds and gifts the foundation will accept, the policies and procedures for the management of these funds, and the services it offers to its donors.
|
