CareDrops CF is committed to strengthening the capacity of nonprofits by providing a breadth of grant making programs and other services. Take a look at some of the ways we support the nonprofit community below.
Competitive Grant Rounds
We are committed to building philanthropic resources that sustain healthy and vital communities, and one part of that work is making grants to nonprofit organizations across countries.
Staff Expertise
Our staff is always here to help you with your needs, and we maintain strong connections with nonprofits throughout the state and stay abreast of local, national and international trends in grant making and giving.
Planned Giving Partnership Program
Nonprofits are able to join our planned giving partnership program at no cost, which includes the management of Charitable Gift Annuities, Charitable Remainder Trusts, and Charitable Lead Trusts.
World-Class Investment Management
We work with independent investment consultants that collectively manages over $5 billion in assets and work with myriads of clients to offer low-fee world-class investment managing services to our fund holders.
Ending World Poverty
This program allocates a significant proportion of our investments for intervention in Africa. When you have a fund with us, you help support the goal of ending world poverty.
Online Resources
We also provide a no-cost online resources that add value to individuals and organisations seeking to help others.
We specialise in creating and managing endowments, and helping nonprofit organisations through our adherence to best practices in funds management and community development.
Establish An Endowment Fund With CareDrops Today
Let’s look at the benefits of establishing an Endowment Fund with us:
- Your audit becomes our audit. We also provide, through our Investment Committee, the oversight on our pooled funds to ensure you have complete confidence in how this hard-won money is invested.
- We grant money as often as you wish – distribution can be annual, quarterly, monthly.
- We can publicize your fund to our own donor base and donor advisors. You may double – or triple – your reach.
- We can collect and acknowledge all donations to your fund, while still providing donor information for your records.
- We offer sophisticated planned giving instruments and donation options to your donors, so you don’t have to. These include charitable gift annuities and a variety of ways to give – stock, real estate, benefits of life insurance policies.
We can work with you to create a strategic plan which integrates an endowment fund into your overall development program and help to promote the endowment.
CareDrops CF in line with Community Foundation best practices allocates grant money very differently from private foundations. Our fund pool is made of myriads of individual funds. Consequently a significant portion of our grants are made at the recommendation of individual donors. When you apply for a grant, most of the money comes from our discretionary funds. Knowing something about how we allocate these funds may help you understand some of our grant decisions.
We Honor Donor Intent
The promise we make to every donor is to carry out his or her wishes forever. Some donors designate their funds for particular charities, and each year we make grants to those nonprofits. Others name a field of interest. The field can be broad—for health —or very narrow—for injured pensioners. Others leave their funds unrestricted; these donors have left full discretion to our board.
We Have Broad Charitable Interests
Because we’re a community foundation, our mandate is to improve the quality of life for the respective communities where we work. Our core program areas cover pretty much everything, but they are focused. We review our grant programs periodically and make adjustments as needed.
We’re In For The Long Haul
When we take on a problem, we commit to it. We also make sure that it is adequately funded within our resources.
We spread the money
We first allocate the designated money and then the narrow field-of-interest funds, for which we have limited flexibility. We then look at our broad field-of-interest funds and allocate the money to the appropriate grant programs. Finally, we take our unrestricted funds and allocate them to programs for which we have no dedicated money and to fill out the budgets of other programs where there is only modest field-of-interest money.
This process enables all our program officers to know how much grant money they have to spend for the year, and allows our board to track actual spending against targets.