What kinds of grants can be awarded from an endowment?
The Foundation is a very flexible tool for people to use and as long as a project, program, or organization is charitable, anything is possible. Founding donors establish how grants should be distributed from their endowment. Some go directly to the donor’s favorite charity or charities, some make grants in certain fields of interest such as the arts, and some are scholarships. A donor-advised fund allows donors to annually suggest where grants should go. The most useful funds to the community, however, are unrestricted endowments. The Foundation uses grants from these funds for its annual grant programs and to make awards that address the community’s changing needs.
Related Questions
- How does the Endowment for Health inform the New Hampshire community about the Endowment, its available grants, and who is being awarded grants?
- Does the Endowment award grants to other Methodist denominations, such as Evangelical Methodist or African Methodist Episcopal churches?
- Can members of the Endowment Board of Directors apply for grants?
