How much funding does Club Advised Funds provide?

Club Advised Funds provides Minimum $5,000 to establish in funding.

When is the deadline for Club Advised Funds?

This grant has a rolling deadline or the deadline has not been announced.

Club Advised Funds

OHIO DISTRICT KIWANIS FOUNDATION INC

Foundation Ongoing Grants for Nonprofits Capacity Building Grants

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Funding Amount

Minimum $5,000 to establish

Deadline

Rolling / Open

Grant Type

foundation

Overview

Club Advised Funds

Funder: Ohio District Kiwanis Foundation Inc

Geographic Scope: Ohio

Purpose: Allows Kiwanis clubs to invest funds in the Foundation's investment pool while receiving tax-deductible donation status under 501(c)(3) IRS provisions

Key Features:

Minimum Initial Investment: $5,000 required to establish

Annual Administrative Fee: 1% for funds under $100,000; 0.75% for funds over $100,000

Additional Costs: Club also pays investment manager's fees

Distribution: Club may distribute funds for their projects at any time upon Foundation Board approval

Recipient Organizations: Distributions made to qualified charitable tax-exempt organizations

Financial Services: Foundation handles financial reporting to the club, State of Ohio, and IRS

Contact:

Email: caf@odkf.org

Executive Director or Treasurer available to meet with clubs

Phone: 330-421-3283

Address: PO Box 668, Circleville, OH 43113

How to Apply

How to Establish a Kiwanis Club Advised Fund

1. Request Meeting: Contact the Foundation Executive Director to review the agreement form of the Ohio District Kiwanis Foundation
2. Club Approval: Have your Board of Directors and membership vote to approve establishment of the Fund
3. Designate Signatories: Select two individuals responsible for depositing and withdrawing monies from your fund
4. Await Board Approval: Receive notification of approval by the Ohio District Foundation Board of Directors
5. Initial Deposit: Once approved, deposit initial investment of $5,000 into your Fund
6. Begin Operations: Begin collecting funds and making deposits in your Fund with the Foundation