Other Services

Over the past 40 years, Gilroy Foundation has evolved into an organization that provides additional customized fee-based philanthropy opportunities for donors, including:

Nonprofit Investment Partnerships

We offer investment management services to qualified nonprofit organizations. Funds opened by our nonprofit investment partners can be endowed or non-endowed.  Whether your investment fund is $10,000 or $10 million, our nonprofit investment services give your organization the flexibility to make withdrawals and add contributions to your Nonprofit Investment Fund. Because our investments are managed through the Silicon Valley Community Foundation, our investment returns are extremely competitive.

• 1.5% administration fee

Special Project Pass-Through Gifts/Grants

Special short-term projects, such as non-profit real estate renovations or community programs, can be administered by Gilroy Foundation. The Foundation may partner with other community organizations through grant applications and/or MOUs when the outcomes are in alignment with the Foundation’s current strategic priorities.

Special Projects will be accepted and administered by the Foundation upon approval of the Executive Director and the Board of Directors after the donor has accepted the Special Projects and Partnerships Guidelines & Criteria and signed a Special Project Pass-Through Agreement.

Since this service was initiated in 2009, over $4.5 million in community projects have been completed to the benefit of Gilroy residents.

• Special Project/Grant Partnership administration fee is 5% of project gift(s)/grant(s).
• Under certain circumstances, fees can be adjusted or waived if a donor contribution is made directly to a Gilroy Foundation Community Needs Endowment fund.

Scholarship Fund Administration

Gilroy Foundation provides two types of administrative support for scholarship funds:

1. Foundation-Managed Scholarships
   • Gilroy Foundation selects recipient(s) and distributes funds
   • 2% fee from the Scholarship Fund
   • No checking account fee
2. Donor-Involved Scholarships
   • The donor selects recipient(s)
   • Gilroy Foundation distributes funds
   • 2% fee from the Scholarship Fund
   • $250 annual fee for checking accounts used in fundraising projects

Fiscal Sponsorships

Gilroy Foundation offers groups, who are in the process of meeting the requirements to attain their 501(c)(3) status, a Fiscal Sponsorship.  The Foundation holds all funds raised by the group as they are raising money under the Foundation’s Federal Tax ID number.  A Fiscal Sponsorship Agreement is signed between the group and the Foundation.  The group is encouraged to complete their paperwork with the State and Federal government within one year.

Fiscal Sponsorships are accepted by the Board of Directors upon approval of the group’s Fiscal Sponsorship Application and signed Agreement of Fiscal Sponsorship.  To see a list of the groups we are serving as, or have assisted by serving as, fiscal sponsors click here.

• 5% fee of monthly net fundraising income with an annual $250 administration fee.