This case study tells the story of why Tusk closed its US 501(c)(3) organization and established the “Friends of Tusk Fund” at CAF America. For many foreign nonprofit organizations, accessing donors from the US is an important goal for financial success. However, applying for 501(c)(3) status and maintaining a charity in the US can be… CONTINUE READING >>
All those involved with the transaction deemed it a success: the Clients received full IRS tax benefits as allowed by U.S. law, CAF America was able to facilitate the charitable donation while avoiding any legal or reputational risks, and the University received an amazing new campus allowing it to expand its educational activities.
In 2015, CAF America made a grant of $5,000 to the Kazickas Family Foundation. The grant’s primary objective was to fund the refurbishment of a basketball court in Vilnius, Lithuania built in 2006 through a partnership between the Kazickas Family Foundation and NBA Cares.
In 2014, CAF America made two grants to SolarAid totaling $421,000. The grants’ primary objectives were to (1) cover SunnyMoney’s costs associated with raising awareness of SolarAid’s research and work and (2) fund the distribution of solar lights in remote rural areas via local school campaigns. The grant has enabled the distribution of 130 quality-approved solar lights, providing 800 people a safe and efficient light source.
Since November 2013, CAF America has approved grants totaling $705,100 to support the mission of the Bannabikira (Daughters of Mary) Sisters. To date, the Sisters have used these funds to purchase materials and pay labor costs for the construction of the Kyengera Women’s Hospital, which is expected to be completed late 2015.