Once your account is established, follow a few simple steps to recommend a grant to the recipient of your choice.
You and your designated account advisors may recommend grants from your Franklin Charitable Giving Program account to qualified charitable organizations of your choice, on your timetable.
You may make an unlimited number of grants per year, with a $250 minimum per grant. Requests for grants can be made by completing a Grant Recommendation Form online or by returning the completed form to your financial advisor. This and other Charitable Giving forms are available in the
How to recommend a grant
There are four steps involved in the grant recommendation process:
1. Identify the grant recipient. Designate your charity. If you want help researching a grant recipient, you can use GuideStar, a third party database of charitable organizations.
2. Submit the grant recommendation. Complete and submit a Grant Recommendation Form online or send the completed form to your financial advisor indicating the grant amount, the date of the grant, and the name and address of the organization you wish to support. You can also note the purpose of the grant, and grant anonymously or in honor of another.
3. Renaissance Charitable Foundation, Inc. approves the recommendation. Upon receipt of the grant recommendation, Renaissance Charitable Foundation, Inc. will review and verify that the charitable organization is eligible to receive the grant. The Board of Directors of Renaissance Charitable Foundation, Inc. meet weekly to review and approve grants. It may take up to two weeks for the charitable organization to receive the grant.
4. Renaissance Charitable Foundation, Inc. sends the grant to the approved charity. Once the grant has been approved, Renaissance Charitable Foundation, Inc. draws funds from your Franklin Charitable Giving Program account and writes a check to the recipient charity. A grant letter accompanies the payment from Renaissance Charitable Foundation, Inc. acknowledging you, or whomever you name as the donor, and the purpose of the grant, if you specified one.
You can sign into your account online to follow the status of your grant recommendation until it's cashed by the charity. You'll also be notified by mail in your quarterly statement.
Grants can be made to qualified charities and nonprofit organizations recognized by the IRS as able to receive tax-deductible contributions.
Public nonprofits. Grants can be made to charitable organizations that are tax exempt under Internal Revenue Code Section
Religious and educational. Most established religious organizations and educational institutions are not listed as
Foreign charitable organizations. Renaissance Charitable Foundation, Inc. can make grants to foreign charities. If applicable, additional fees may be charged to the account for any additional due diligence and processing costs.
Restricted grant recipients. Renaissance Charitable Foundation, Inc. will not approve grants to individuals, to private non-operating foundations, or to political candidates or parties. Renaissance Charitable Foundation, Inc. also will not approve grants to satisfy a pre-existing pledge or for any private benefit, such as tuition payment, dues, membership fees or goods purchased at a charitable auction.
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