FREQUENTLY ASKED QUESTIONS
How does SisterFund work?
SisterFund awards high impact grants to nonprofits in the Greater Richmond region by:
Prospective interested women are notified twice per year of opportunities to meet the membership and learn more about the organization. Once the prospect completes the membership form on the website, she will be contacted to complete the final steps towards membership. Normally, members’ payments must be received by April 30th, but due to the pandemic, payments must be received by July 31st, 2021.
What is the timing for awarding a grant?
Normally, the grantmaking process takes place between April and June, with the grant recipient being determined at the annual meeting in October. The number of women who have pledged $1,100 determines the grant amount that will be awarded that year.
The grant making process has been adjusted due to the pandemic.
Yes. A gift above $1,100 will be used to help offset event and administrative costs for SisterFund. Every member is awarded one vote regardless of the level of your gift above $1,100.
Yes, as long as pledges are paid in full by July 31st. Normally, pledges are due by April 30th.
Yes. Please contact Amy Singleton at the Community Foundation for instructions.
Yes, $1,000 of your contribution is tax-deductible. Tax-deductible status is possible through SisterFund’s relationship with the Community Foundation for a greater Richmond. Contributions made by December 31 are tax-deductible for that year.
Submit contribution by mail:
c/o Community Foundation for a greater Richmond
P.O. Box 76495
Baltimore, MD 21275-6495
SisterFund considers grant requests from nonprofit organizations in the Greater Richmond region that fall under the following areas:
• Leadership Development
100% of the membership contributions will be used to support the SisterFund program. A final budget report will be provided annually to the full membership.
A $1,000 contribution goes directly to grants for the important work done by the nonprofits in our community. An additional $100 investment per member in SisterFund supports our daily operations and infrastructure and allows us to cover administrative and event costs (sustainability statement deleted). In addition to funds raised through memberships, individuals may contribute to our program by becoming a Friend of SisterFund. These contributions are tax-deductible and will help support our events and administrative costs. In addition, members may elect to make a donation above their membership for the same purpose. Friends of SisterFund receive separate recognition in our publications. We also seek out in-kind sponsors as much as possible.
Yes, a very important one. You can be a Friend of SisterFund and your contribution will support our event and administrative costs. You will be recognized as a Friend in our publications and be included in our email updates.
You can scale your membership to a level that is personally meaningful. Do a little, or do a lot! Members are encouraged, though not required, to participate in SisterFund’s educational programs, participate on a Committee, or support out grantees in an additional capacity. You can also join one of the many committees such as Grants, Membership, Communications, and Events as appropriate to your schedule and interests.
Each $1,100 contribution provides membership for the current year’s grantmaking cycle. Members can continue to join SisterFund from year-to-year as long as they make an annual membership contribution.
3409 Moore Street, Richmond VA, 23230 (804) 330-7400
SisterFund is a partner of the Community Foundation, a 501(c)(3) organization. All tax deductible donations should be made as gifts to the SisterFund at the Community Foundation.