United Way of Greater Knoxville
Letter of Intent (LOI)/Request for Investment (RFI)
Requirements
[Do not submit an LOI or RFI unless all conditions apply]
The organization is an incorporated nonprofit organization under the laws of the
state of Tennessee and has tax-exempt status under section 501(c) (3) of the
Internal Revenue Service code.
The organization has a Board of Directors that is an active, representative
voluntary governing body, with regular meetings and is responsible for
developing its mission, determining its strategic direction, and providing
oversight.
The organization has bylaws that state the purpose of the organization, make
provisions for the size of the Board of Directors, and provide rules for tenure,
number of officers and committees, financial and legal procedures, conflicts of
interest and quorum requirements.
The Board of Directors is responsible for ensuring that sufficient funds are
available for the organization to meet its objectives.
The organization has proof of adequate liability insurance coverage for the
agency and will indemnify United Way of Greater Knoxville, its volunteers and
staff from any and all liability for any damage or injury caused to any employee,
client, patron, agency, visitor or guest of the agency.
To be considered for funding, organizations MUST have an audit prepared by an
independent CPA if gross revenue is $500,000 or more. If gross revenue is less
than $500,000, and the organization does not have audits, it may submit the
most recent financial statement accompanied by an independent CPA’s review
report instead.
The Board of Directors has inspected and approved the annual audit, or review,
as well as IRS Form 990.
The organization has and maintains a balanced budget, or has an agreed upon
plan for meeting all deficits.
The organization provides funded services in Knox County and its services are
culturally sensitive and barrier free.
The organization must be in existence for at least three years before becoming a qualified partner agency.
The organization has identified projects or programs that support the UWGK’s
Education goal and one or more of the target issues.
The organization has the mechanisms and capacity for regularly reporting
measurable, qualitative and quantitative outcomes.
The organization can anticipate adhering to the UWGK funding agreement
including all documentation and reports by established deadlines.
The organization demonstrates reasonable efficiency in program management
and adequacy of resources, both in materials and in personnel (voluntary and
paid) to sustain a quality level of service.
The funding request to UWGK does not extend to individuals, school fundraisers,
capital campaigns or endowments, sponsorships, marketing opportunities, event
fundraisers, or sports events.
