As a Nonprofit Partner, how often will we receive OnePercent for Education Member-Advised grants and what reporting is required?

As a Nonprofit Partner, how often will we receive OnePercent for Education Member-Advised grants and what reporting is required?

OnePercent for Education Nonprofit Partners in good standing are eligible for grants. When our Members make donations in fulfillment of their pledges, they either:

  1. Advise us as to which Partner(s) they wish to receive a grant; or
  2. Request that we use their Member Profile to match them with the Partner(s) that best meet(s) their philanthropic preferences.

Regardless of the option they choose, when a Member makes a donation in fulfillment of their pledge, we issue grants via checks disbursed to our Partners as soon as possible, typically within 1 week, but not more than 30 days days after we process the Member donation.

Pledges can be fulfilled and resulting grants can be made anytime throughout the year. Members are required to fulfill their annual pledges no later than 90 days after the close of their tax year.

Our Nonprofit Partners are required to report to us annually, within 90 days of the close of their fiscal year, on the use and impact of all grants received.

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A Note from our Board Chair

With great sadness, we regret to inform you that the Board of Directors has decided to wind down and dissolve OnePercent for Education; and the organization has initiated the dissolution process. One of our primary goals was to galvanize members of the business community who had not participated or had not fully participated in social engagement. Another goal was to engage individuals and families in our work for educational equity.

We continue to believe that there are people who care deeply about the issue and that there are significant financial resources that can be generated to support this movement. Despite our efforts, OnePercent for Education was unsuccessful in generating enough funding to achieve financial sustainability at this difficult time.

Every decision made was through the lens of how we can best bring support for the kids who need it the most. This is the work that our Nonprofit Partners deliver every day and will continue to do. Our Board of Directors will individually continue to promote their efforts and encourage support of their work. As we wind down, we are distributing as much of our remaining assets as possible to our Nonprofit Partners. While each Nonprofit Partner has received modest funding, this is far less than we had hoped, given the importance of their activities.

We urge each of you to support our Nonprofit Partners in the fulfillment of their missions as it so deeply impacts the communities they serve.

Finally, we thank you for your support of OnePercent for Education.