F.A.Q.

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F.A.Q.’s

What is a giving circle? 

A giving circle is a form of philanthropy, in which individuals pool their monies and time, and decide together where to give them away.  

Here are some resources on giving circles:

Why should I join a giving circle when I can give on my own? 

Let’s say you’ve allocated $250 and 20 hours of volunteer time to donate to your favorite nonprofit.  By joining a giving circle, you can combine that money and time with your fellow giving circle members, resulting in a much larger gift to that nonprofit. In the process, you’ll meet new friends who share the same values as you; you’ll learn about giving strategically and gain in-depth knowledge about local issues.   The education and experience you receive will help to guide your own giving in the future.

Is Black Benefactors a 501c3 nonprofit organization?  

The Black Benefactors receives its 501c3 nonprofit status through our fiscal sponsor, Growfund. A fiscal sponsor is defined as a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects (Source: Council of Nonprofits). Donations made to BB are tax deductible to the fullest extent of the law.

Is it required that I be African American to become a member?

No.  Our membership is open to all who believe in our mission to support organizations in the Washington, DC metropolitan area that serve the African American community.

How can I support The Black Benefactors without becoming a member?

Use your expertise by serving as a volunteer. Please contact us at info@blackbenefactors.org and let us know how you can help us.   

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