Philanthropic Funding

In the context of its Operating Principles, the Foundation's philanthropic funding incorporates a variety of approaches and techniques including:

• Unrestricted. Grants made for any purpose the recipient chooses, including operations and overhead.

• Restricted. Grants limited to the purpose for which the request was made.

• Capital. Grants used to acquire, improve or maintain the recipient's structures, land or equipment.

• Endowment. Grants retained by the recipient in its investment account, from which only the income or a specific percentage of the principal can be used to support the charity's exempt functions.

• Research. Grants which support research activities by medical, scientific and health organizations.

• Bridge funding. Grants intended to fill in funding gaps that occur for a brief period of time between existing grants and future committed funding.

• Program Related Investments (PRI). Low interest loans to charitable organizations and institutions, where the activity engaged in or the operations provide a substantial likelihood that the funding will be repaid and used effectively for charitable purposes, as well as initiate or expand a self-sustaining activity.

Methods under which grants may be made include:

• Direct Grant or Program Related Investment. Direct funding without any precondition for the approved purposes.

• Matching. Gifts to an organization on the condition that the organization raise an equal or otherwise designated amount.

• Conditional. Often requires a minimum threshold of capital committed by the organization or its members, or the achievement of specific operational activities, before the grant is funded.