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Foundation Source / Grant Agreements: Protecting Your Philanthropic Goals

Grant Agreements: Protecting Your Philanthropic Goals

Resource Summary

Learn how to protect your foundation’s philanthropic goals by using grant agreements when making major gifts.

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“My mother donated significant funds to our local hospital to endow a children’s health initiative. This went well for several years, but after she died, I learned that the project had been discontinued and that her funds were redirected to a construction project. I can just imagine my mother rolling over in her grave, Could have been prevented at the time she made the gift?”

This question is typical of the type of inquiry we often receive from our clients.  Making a major gift to a favored charitable project or institution represents a significant commitment of a foundation’s hard-earned assets. As such, our clients want to do everything in their power to make sure that the money is used according to their wishes, to achieve the end result both they and the grantee organization have agreed on.

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