Oct 07, 2020
“Part of what we’re trying to correct for is the communities that are being overlooked with charitable donations,” said Magda Guillen Swanson, research project strategist at Vanguard Charitable.
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"As more donors turned to Vanguard Charitable for assistance in targeting their donations, the fund developed a tool called the Nonprofit Aid Visualizer, or NAVi, a web-based program to help potential donors find charities by geography or mission. That program is available to the public."
"I’ve recommended they use the Nonprofit Aid Visualizer (NAVi), powered by Vanguard Charitable. This tool pinpoints charities most impacted by the pandemic, giving individuals a clear picture of the giving landscape and organizations most in need."
“We developed the Nonprofit Aid Visualizer as a way to directly allow donors, both inside and outside of Vanguard Charitable, to easily search and identify nonprofits in the areas hardest hit by COVID-19,” says Swanson."
The COVID-19 pandemic has inspired amazing generosity. It’s also highlighted gaps in information that donors must deal with as they try to support relief efforts. Our interactive charity locator seeks to fill these gaps. The tool harnesses COVID-19 incident rates, community vulnerability scores, and detailed nonprofit profiles to help you support the communities most affected by the pandemic.
The data is built in partnership with Surgo Foundation’s COVID-19 Community Vulnerability Index and GuideStar’s National Nonprofit Directory.
How do I get started?
Premier accounts should contact their representatives to identify recoverable grant opportunities, determine suitability and begin the review and approval process. Upon approval, donors will be asked to complete a Recoverable Grant Agreement Recommendation Form that will be submitted to Vanguard Charitable for approval. CapShift fees will apply.
How long does the process take?
Recoverable grants are more complex than a typical grant. Depending on the specifics of the opportunity, processing a recoverable grant can take up to several weeks.
What is the minimum grant size for a recoverable grant?
Because of the nature of these grants and the additional reporting burdens on grant recipients, Vanguard Charitable requires a $25,000 minimum grant size.
What happens if a grantee does not repay the recoverable grant amount?
Recoverable grants are meant to be flexible and are primarily a charitable endeavor. Recoverable grants are only repayable under certain circumstances, and in most cases, grantees are not obligated to repay the grant.
Are recoverable grants considered investments?
Due to the forgivable repayment terms, and the fact that most of the recoverable grants have no or a low interest rate, recoverable grants are considered a grant rather than a loan.
In the midst of the COVID-19 pandemic crisis, we’ve witnessed communities move quickly to save jobs and lives, nonprofits scale programs over night to meet increased need, and incredible partnerships form between governments, corporations, and nonprofits. Many of these programs would be impossible without an innovative philanthropic tool called a recoverable grant.
Accounts having a balance below $25,000 may be subject to an annual maintenance fee of $250.
Our premier clients enjoy reduced pricing to further maximize their impact.
Our representatives are happy to guide you through.
