QUAD CITIES COMMUNITY FOUNDATION

Donor advised grants - the quad cities community foundation (the foundation) operates donor advised funds to fulfill its mission of "transforming our region through the generosity of our donors." donors advise staff of requested grants, and staff perform due diligence on such requests. If the grant is deemed appropriate by staff it is awarded. The board of directors is given a list at each board meeting for approval. Expenses in excess of grants include distributions to non-charitable entities for a charitable purpose. For example, paying a retailer directly for the lumber to build playground equipment rather than paying a non-profit organization to go purchase the lumber or to provide funds to a membership service organization for a charitable project. The foundation adheres to expenditure responsibility rules when necessary.