A Century of Service. Giving for Good.
Glossary

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St. Louis Community Foundation

#2 Oak Knoll Park
Saint Louis, MO 63105

tel 314-588-8200
fax 314-588-8088

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accreditedcfsealThe St. Louis Communitiy Foundation, the first community foundation established in Missouri, is proud to be among an elite group nationwide to be confirmed in compliance with the National Standards for U.S. Community Foundations.

    • D

      Decline:

      Also referred to as Denial, a decline is the refusal or rejection of a grant request. Some declination letters explain why the grant was not made, but many do not.

    • Designated Funds:

      A type of restricted fund in which the fund beneficiaries are specified by the grantors.

    • Discretionary Funds:

      Grant funds distributed at the discretion of one or more trustees, which usually do not require prior approval by the full board of directors. The governing board can delegate discretionary authority to staff.

    • Donor:

      The individual or organization that makes a grant.

    • Donor-Advised Fund:

      A fund held by a community foundation where the donor, or a committee appointed by the donor, may recommend eligible charitable recipients for grants from the fund. The community foundation’s governing body must be free to accept or reject the recommendations.

    • Donor-Designated Fund:

      A fund held by a community foundation where the donor has specified that the fund’s income or assets be used for the benefit of one or more specific public charities. These funds are sometimes established by a transfer of assets by a public charity to a fund designated for its own benefit, in which case they may be known as grantee endowments. The community foundation’s governing body must have the power to redirect resources in the fund if it determines that the donor’s restriction is unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community or area served.

St. Louis Community Foundation

#2 Oak Knoll Park, St. Louis, MO 63105
tel 314-588-8200, fax 314-588-8088
info@stlouisgives.org