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Strong Operations

Increases in our clients’ grantmaking profiled

Grants 2013 GMA Foundations’ Grants 2013 report released

Forty independent and corporate foundations and individual donors working with Boston-based GMA Foundations increased their giving in 2013 to a combined total of $37.3 million, up nearly 20% from the previous year. The philanthropic advisory firm’s newly released report describes the grantmaking reach of its clients, who awarded more than 1,500 grants to 1,100 nonprofits around the world.

Reflecting stronger investment returns, the amount of the average grant increased 9% over the prior year to $23,565. “We look to the nonprofit sector for innovation, agility, and strong connections to the community,” says Phil Hall, GMA’s Director of Grantmaking.  “Operating on a small scale, these nonprofit organizations are leading the way to social change, and we are proud to support them.”

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Moving to Online Grant Applications

CLIENT ADVISORY

Summary: Web-based applications make it easy for foundations to receive and evaluate proposals, help funders communicate with applicants and collect information about how nonprofit organizations make a difference.

GMA Foundations recently partnered with Foundant Technologies to move over 20 of our foundation clients to online applications.

On the basis of our early experience, we found that the advantages of an online system outweigh the challenges of switching to the new system. Continue Reading »

Due Diligence Requirements for Foundations Making Grants to Supporting Organizations

CLIENT ADVISORY

Summary: Foundations risk tax penalties for failure to perform due diligence, and for making grants to certain types of supporting organizations. Following certain guidelines will keep your foundation out of trouble.

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