American Friends of Isaac Accords (AFOIA) Grantmaking Policy

In accordance with a resolution of its Board of Directors, AFOIA is required to adhere to the following grantmaking policy:

Prospective Grant Recipients

AFOIA must commission research on potential grant recipients, including their track record, financial transparency, and reputation of founders and management.

AFOIA may invite grant proposals from qualified organizations which meet criteria established by U.S., Israeli, and international laws. These include organizations:

  1. That can demonstrate their status as legally organized non-profits / NGOs within the jurisdiction where they operate
  2. Which provide services within the announced mission and goals of AFOIA
  3. For which AFOIA due diligence confirms an acceptable track record, financial transparency, and reputation of founders and management

After approval by AFOIA’s Board of Directors, AFOIA negotiates and executes legally binding grant agreements with selected grant recipients

Additional donors and matching funds

  1. To leverage its impact, AFOIA should always attempt to pursue additional and/or matching funds from donors, including:
    1. Personal solicitations from potential donors who share AFOIA’s mission and goals
    2. Matching grant programs via organizations with nonprofit expertise and connections to prospective donors, such as Jewish Funders Network and Matan – United Way Israel
    3. Direct contributions to AFOIA to facilitate its mission and goals. These contributions may be restricted, and AFOIA will exercise its utmost diligence to maintain all terms and conditions for these contributions
  2. Contingent on the suitability of previously identified additional donors and/or matching funds, and approval of the Board of Directors, AFOIA negotiates and executes legally binding donation agreements with selected additional donors. These agreements must correspond to AFOIA’s mission and goals

Grantmaking restrictions

  1. No unsolicited grant applications are accepted unless such an application receives prior approval of AFOIA’s Board of Directors
  2. All AFOIA grants are publicly announced and prominently displayed on its website, subject to applicable privacy laws or other restrictions related to grant recipients’ activities.
  3. AFOIA is expressly prohibited from providing grants to any entities, organizations or individuals with direct or indirect relationships with a current or past Genesis Prize laureate or with any other individual who can be shown to be a related party of such laureate
  4. All AFOIA grants must be properly reflected in its financial statements and must incorporate adequate monitoring and control procedures
  5. Grant recipient financial statements must be made available for AFOIA Board of Directors’ review upon adequate notice.