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Oakes Area Community Foundation - ndcf

Oakes Area Community Foundation - ndcf 2025

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The document is a grant application form for the Oakes Area Community Foundation, outlining eligibility criteria for organizations seeking funding. It specifies that applicants must be IRS 501(c)(3) not-for-profits, government units, or have a fiscal sponsor. The form details required documentation for submission, including financial statements and project budgets, and includes sections for applicant and fiscal sponsor information, project description, amount requested, and an authorization signature.

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Are community foundations public?

Like a public charity, community foundations seek support from the general public, but like private foundations, they also provide grants. Due to their broad public support, however, the IRS does not consider community foundations to be private foundations.

Are community foundations public or private?

A community foundation is a public charity that typically focuses on supporting a geographical area, primarily by facilitating and pooling donations used to address community needs and support local nonprofits.

What is the main difference between a private foundation and a community foundation?

Definition: Private Foundation Like community foundations and other public charities, private foundations are classified as a tax-exempt 501(c)(3) organization by the IRS. Unlike community foundations, however, private foundations do not raise funds or seek financial support from the public.

How many community foundations are there in the US?

Community Foundation Census The United States is home to about 900 community foundations. In our 2022 census, we summarize financial information for those foundations. Assets of US-based community foundations declined 9.6% from 2021 to 2022, falling from $146.3 billion to $132.2 billion.

How does the community foundation work?

Community foundations offer numerous types of grantmaking programs, frequently including donor-advised funds, endowments, scholarships, field-of-interest funds, giving circles and more. Community foundations are funded by donations from individuals, families, businesses and sometimes government grants.

What is the 5 rule for foundations?

The basic rule can be stated simply, but its calculation is complex: Each year every private foundation must make eligible charitable expenditures that equal or exceed approximately 5 percent of the value of its endowment.

Can community foundations give outside of their states?

Yes. Community foundations can channel donor distributions anywhere in the country, and even in some cases outside the U.S., as long as recipients are nonprofit organizations qualified as 501(c)(3).

Oakes Area Community Foundation - ndcf 2025

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