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.

    • P

      Payout Requirement:

      The minimum amount that a private foundation is required to expend for charitable purposes (includes grants and necessary and reasonable administrative expenses). In general, a private foundation must pay out annually approximately 5 percent of the average market value of its assets.

    • Philanthropy:

      The origin of the word philanthropy is Greek and means love for mankind. Today, philanthropy includes the concept of voluntary giving by an individual or group to promote the common good. Philanthropy also commonly refers to grants of money given by foundations to nonprofit organizations. Philanthropy addresses the contribution of an individual or group to other organizations that in turn work for the causes of poverty or social problems-improving the quality of life for all citizens. Philanthropic giving supports a variety of activities, including research, health, education, arts and culture, as well as alleviating poverty.

    • Pledge:

      A promise to make future contributions to an organization. For example, some donors make multiyear pledges promising to grant a specific amount of money each year.

    • Post-Grant Evaluation:

      A review of the results of a grant, with the emphasis upon whether or not the grant achieved its desired objective.

    • Preliminary Proposal:

      A brief draft of a grant proposal used to learn if there is sufficient interest to warrant submitting a proposal.

    • Private Foundation:

      A nongovernmental, nonprofit organization with funds (usually from a single source, such as an individual, family or corporation) and program managed by its own trustees or directors, established to maintain or aid social, educational, religious or other charitable activities serving the common welfare, primarily through grantmaking. U.S. private foundations are tax-exempt under Section 501(c) (3) of the Internal Revenue Code and are classified by the IRS as a private foundation as defined in the code.

    • Program-Related Investment:

      A loan or other investment made by a private foundation to a profit-making or nonprofit organization for a project related to the foundation’s stated purpose and interests.

St. Louis Community Foundation

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