How can The Key Biscayne Community Foundation work with private foundations?
For newly created private foundations, we can consult with the foundation on a negotiated fee basis to help it develop grant guidelines and processes, develop investment and spending policies, and evaluate grant applicants, among other services. If a private foundation is nearing a distribution deadline, it may be compelled to award grants to satisfy that deadline, even if it has not fully evaluated the beneficiary charity or the project is not quite ready to proceed. Instead of making such a hasty grant, the private foundation can make a grant to The Key Biscayne Community Foundation to establish an advised fund. Because we are a publicly supported charity, the grant to The Key Biscayne Community Foundation satisfies the time-sensitive distribution requirement. The private foundation can then recommend a grant from the advised fund when the private foundation and the ultimate beneficiary are ready. If a person or family has a private foundation but no longer wants the responsibility o
