Donor Advised fund holders may recommend which charities should receive distributions via the grant recommendation form. Once the form is received, SCVF conducts due diligence to ensure that the purpose of the grant is charitable, that it aligns with fund guidelines, and that it is being made to a tax-exempt organization. The grant recommendations are then presented and reviewed by the SCVF Board. Though it is the Foundation’s practice to follow the fund advisor’s recommendation, the SCVF Board of Directors has fiduciary responsibility for all grants made from the funds held at the Foundation.
Grant Recommendation forms must be received by email@example.com on the first Friday of the month. The grants are presented to the SCVF Board for approval on the second Tuesday of each month. The grant checks are mailed directly to the charitable organization within 10 business days of board approval.