West Fargo Foundation hones in on Charlotte nonprofits
June 10, 2013
Many times, when foundations enter into a grant-giving cycle, they focus on numerous nonprofits that support a given cause or those that operate in a specific region. For instance, the Wells Fargo Foundation recently gave $4.6 million in grants to a number of charitable organizations in the Charlotte, North Carolina, area.
According to the Charlotte Observer, this type of geo-targeting will particularly benefit nonprofits in the West Boulevard district of the city, as $1.4 million will go directly toward improving the West Boulevard Corridor, which is in need of economic, social and educational revitalization. Groups in other nearby communities will enjoy the remainder of the funds, the newspaper explained.
Among the organizations in the West Boulevard area that will receive grants are the Friendship Gardens Community Farm, Beds for Kids and the Center for Employment Services, which will be honored with $75,000, $10,000 and $100,000, respectively.
The Wells Fargo Foundation has long been involved in giving back to various communities across the United States. Its website revealed that the business gives an average of $600,000 each day to nonprofits. Moreover, employees spent around 1.5 million volunteer hours lending a hand in 2011.
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.