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  • 1.  Economic Development Authorities

    Posted 08-23-2022 01:48 PM
    Hi Colleagues,
    A question for the group after searching the archives - Occasionally we receive grants from local and county economic development authorities that are formed by governments that are technically non-profits. I am wondering how others treat these grants from these organizations.  Are they non-profit corporation grants or government grants?
    Thank you in advance for your input.



    ------------------------------
    Susan Engel
    George Mason University Advancement
    sengel5@gmu.edu
    ------------------------------


  • 2.  RE: Economic Development Authorities

    Posted 08-23-2022 01:54 PM
    Not all economic development authorities are treated equally.  You need to research each one and determine if they are an "extension" of the local government or have been established as a separate nonprofit entity with zero control levied by the local governement.

    Here in Durham, our similar organization is a "branch" of our Durham government.  They have their own Council," but the funding is entirely governmental.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 3.  RE: Economic Development Authorities

    Posted 08-23-2022 03:47 PM

    Also if you read through the fine print and they toss the word appropriation(s) around, that means government funds.

     

     

    Aaron Forrest CPA

    Senior Director Gift and Donor Services

    University of Rochester Office of Advancement

    585.275.2799 | aaron.forrest@rochester.edu

     




    Original Message


  • 4.  RE: Economic Development Authorities

    Posted 08-23-2022 03:52 PM
    Aaron,
    Thank you for your feedback.
    Regards,

    ------------------------------
    Susan Engel
    George Mason University Advancement
    sengel5@gmu.edu
    ------------------------------

    Original Message


  • 5.  RE: Economic Development Authorities

    Posted 08-23-2022 02:20 PM
    BTW, if you are thinking specifically about FCEDA, it appears to be an extension of Fairfax County.

    While FCEDA has a separate Commission of local businesses, they are appointed by the Fairfax County Board of Supervisors.  And, as near as I can tell, the grants are all funded by taxpayer dollars.  That would imply funding is "public" and not "private," and therefore not countable per CASE.

    John


    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 6.  RE: Economic Development Authorities

    Posted 08-23-2022 03:50 PM
    John,
    Thank you,  That is one we were looking at.  I appreciate your input.
    Regards,

    ------------------------------
    Susan Engel
    George Mason University Advancement
    sengel5@gmu.edu
    ------------------------------

    Original Message


  • 7.  RE: Economic Development Authorities

    Posted 08-23-2022 04:01 PM
    Another "trick" when you are unsure is to look the organization up in Candid (FCEDA isn't there).

    But the website usually provides telltale signs.  I have highlighted keywords from theirs:

    Chartered by the Commonwealth of Virginia, the FCEDA is led by a board of county business leaders and funded by the Fairfax County government to promote the county as one of the world's best business locations and build the county's commercial tax base. The Board of Supervisors uses the commercial tax base to fund high-quality public services for a growing and diversifying population.

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Original Message


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