Frequently Asked Questions (FAQs)
About Grapevine Giving Foundation
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A charitable 501(c)(3) public charity is a type of nonprofit organization that is recognized by the Internal Revenue Service (IRS) as a tax-exempt entity. This designation means that the foundation is exempt from federal income tax and can receive tax-deductible contributions from individuals and corporations.
The 501(c)(3) designation refers to the section of the tax code that outlines the eligibility requirements for tax-exempt status. To qualify as a 501(c)(3) public charity, an organization must be organized and operate exclusively for charitable purposes. This means that the organization must be dedicated to serving the public good, rather than serving the interests of private individuals or groups.
Additionally, a charitable 501(c)(3) public charity allows donors to receive a tax deduction for their contributions. Grapevine Giving Foundation provides tax receipts to donors for their charitable contributions.
It should also be noted that 501(c)(3) public charities are subject to strict governance and accountability requirements. They must have a board of directors or trustees, and must file an annual tax return (Form 990) with the IRS to maintain their tax-exempt status. These requirements help to ensure that the foundation is using its funds for legitimate charitable purposes and that its activities are transparent and accountable to the public.
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Grapevine Giving Foundation (GGF) is an independent public charity organization governed by a board of directors. Grapevine has partnered with GGF in support of their mission-aligned goals to facilitate the receipt and transfer of certain payments and donations in connection with the Grapevine technology platform. Together, Grapevine and Grapevine Giving Foundation are creating actionable opportunities for companies and individuals to direct philanthropic dollars toward the causes they care about most.
For Nonprofit Organizations & Social Ventures
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Once a donation has been made to the Grapevine Giving Foundation (GGF) and then directed to support your organization, you will receive an e-payment via Bill.com directly to your bank account. In order to enable this electronic transfer, organizations need to onboard onto our Bill.com network, and they will receive instructions on doing so via email. Organizations may also elect to receive funds via paper check.
For any questions about payments please contact us at hello@grapevinegivingfoundation.org.
For Corporate Partners & Individuals
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The Grapevine Giving Foundation works with technology partner Grapevine to streamline engaging workplace giving for its corporate partners and their employees. Donations to eligible charitable organizations can be made directly from the Grapevine platform via Giving Circles, Funds, and more.
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Donations made on the Grapevine platform go to the Grapevine Giving Foundation (GGF), a 501(c)(3) public charity operating as a donor-advised fund. On a monthly basis, GGF re-grants donations to the charitable organizations selected by the donors.
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All donations made to the Grapevine Giving Foundation via the Grapevine platform are encrypted at point of entry and processed securely by our payment partner, Stripe. Our technology and that of our payment partner is PCI DSS Level 1 compliant.
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Ready to empower and engage your team by connecting them with causes they care about? Please email us at hello@grapevinegivingfoundation.org to get started.