Can a family member sponsor an organization in which the family member is also either a volunteer, a paid employee, or the organization founder?

by VWCF Administrator | Oct 8, 2024

The IRS prohibits disqualified persons from benefiting financially from any grant. VWCF sponsors and disqualified persons may serve on the board of a grantee or applicant organization and may volunteer in other ways for that organization.  If a grantee employs a...

What is self-dealing and what are some examples of self-dealing?

by VWCF Administrator | Oct 8, 2024

Self-dealing involves transactions between the foundation and disqualified persons (DPs) and are prohibited by the IRS. With regards to the definition of DPs, the VWCF follows all regulations set forth by the Internal Revenue Code and has added a higher level of...

Are there any recommendations or guidelines from the VWCF regarding family members giving to academic institutions?

by VWCF Administrator | Oct 8, 2024

All Grants: Grants for academic institutions are not allowed in any circumstance if a family member is currently applying, or is planning to apply within the next year, to that academic institution. For Discretionary and Jimmie grants: If a family member currently...

Are there any types of organizations that are ineligible for sponsorship?

by VWCF Administrator | Oct 8, 2024

If the grant proposal or organization does not check all of the following items, VWCF cannot fund the proposal No family member, including the sponsor, will receive any benefit as a result of the grant. This includes financial benefit as well as social benefit (e.g....

Who is considered a “disqualified person”?

by VWCF Administrator | Oct 8, 2024

A disqualified person is considered any descendant of Tom and Virginia Cabot, spouses, and spousal equivalents of descendants, including adopted individuals.