Numerous Florida nonprofits receive grants totaling $4.3 million
April 29, 2013
While some foundations are interested in funding nonprofit organizations in different nations or those located in various regions across the country, others like to keep their investments a bit closer to home. With this sentiment in mind, the Gulf Coast Community Foundation (GCCF) recently announced that it has given nearly $4.3 million in numerous loans during the first quarter of the year.
The group gave to a number of local organizations that are based out of Florida in an effort to make a difference in nearby communities. A lot of the funds actually came from individuals or companies that used the GCCF as a middleman. The largest grant, which totaled almost $350,000, was given through the organization by the Court Family Foundation to Sarasota's Florida Studio Theatre and will be put toward renovations.
Numerous grants of $10,000 or less were given to other nonprofits as well, like the Venice Endowment Fund and the Ina L. Donnan Field of Interest Fund. Many of the grants were doled out online, because a sizeable amount of the funding came from online donations by people in varying communities.
The GCCF has a long history of giving back to local charities. According to the official website, the group gave $16.4 million in the fiscal year lasting from July 2010 to June 2011 alone.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.