REC101 Lecture Notes - Lecture 14: Corporate Donations, Tim Hortons, Cover Letter

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Grant Seeking
REC 101
October 28, 2009
Note: Differences fund development vs grant seeking ( will be in the exam and will trick us )
Fundraising Sources:
Corporations; board members; other foundations; special events; government
Grant Seeking
A systematic, logical process for articulating needs and matching those needs with the goals
and qualifications of a granting agency
o Make sure there is a match, a granting agency has initiatives and must be ment
Types of Foundations
1. Independent Foundations
o Usually created by an individual or family through bequest funds ( not always )
E.g Bill and Malinda gates to support various causes
Bequest fund: Money left behind after people pass away
Wealthy people leaving money
o Assets are invested
o Investments generate revenue used to fund grants
o Usually has a board of directors
Note:
Philanthropic Foundations of Canada: a national membership organization for Canada’s
independent grant making foundations
o Total number of members 73
o Manage 4.6 billion
o Granted $167 million
o Percentage of total grants: Education receives over a quarter of these grants 27%
Other: arts & culture 9, environment 17.2%, Health 14%, international aid ,
social services
Steve Nash foundation: well-being of children , so not for adults
2. Community Foundations
o Locally-run, autonomous public foundations
Autonomous: independent
Public: they are serving the public at large , which focus on the community
o Build and manage endowment funds to support local charitable activities
o Governed by volunteer board of local leaders
They might do some Fund development: have individuals donate for their
community
Note: Community foundations of Canada
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