For the purposes of charitable giving, The Floyd A. & Kathleen C. Cailloux Foundation considers disadvantaged children as those who are from poor families, have a physical or learning disability, or have a terminal or serious chronic illness.

 Mr. Floyd Cailloux was co-founder of Keystone International, Inc. and was instrumental in the company becoming a leader in the manufacturing and marketing of industrial valves for general industry. The company was based in Houston until 1997 when it  merged with Tyco International.

501(c)(3) refers to the section of the Internal Revenue Code that designates an organization as tax-exempt and charitable. Organizations qualifying under this section include educational, religious, charitable, amateur athletic, scientific or literary groups, organizations testing for public safety or organizations involved in prevention of cruelty to animals or children. Most organizations seeking contributions secure a section 501(c)(3) classification from the IRS. The tax code sets forth a list of sections— 501(c)(3)(4-26)— to identify other nonprofit organizations whose function is not solely charitable (e.g., professional organizations, chambers of commerce, fraternal organizations, etc.)

Technical assistance is operational or management assistance given to a nonprofit organization. It can include fundraising assistance, budgeting and financial planning, program planning, legal advice, marketing and other aids to management. Assistance may be offered directly by a foundation or a corporate staff member or in the form of a grant to pay for the services of an outside consultant.

Capital projects are not programmatic in nature. They are usually for construction or renovation of buildings. “Bricks and mortar” is an informal term indicating grants for buildings or construction projects.

General operating support is given to pay for a nonprofit organization’s day-to-day activities or ongoing expenses, such as salaries, utilities, office supplies, etc.

A challenge grant is a grant that is made on the condition that other monies must be secured, either on a matching basis or via some other formula, usually within a specified period of time, with the objective of stimulating giving from additional sources.

A bequest or gift that is intended to be kept permanently and invested to create income for an organization or a Foundation is an endowment.

Governmental entities are any organizations funded and managed by the local, state or federal government

General solicitations are letters or other forms of communication that are in the form of a mass appeal and do not conform to The Cailloux Foundation’s guidelines for a letter of inquiry.

The Internal Revenue Service letter of determination is the ruling letter from the IRS that establishes or reaffirms a nonprofit organization’s tax status.

Application forms are not available until the Foundation has approved a letter of inquiry from a qualified nonprofit organization.

IRS Form 990 is the Internal Revenue Service form filed annually by public charities. The IRS uses this form to assess compliance with the Internal Revenue Code. The form lists organizational assets, receipts, expenditures and compensation of officers.

Visiting a nonprofit organization at its office location or area of operation and/or meeting with its staff or directors or with recipients of its services is called a site visit.

A seed grant is a grant or contribution used to start a new project or organization.

An independent foundation is a private foundation, rather than a corporate foundation, established by an individual or a family. Many independent foundations are no longer governed by members of the original donor’s family but are run by boards made up of community leaders. Private foundations are 501(c)(3) organizations excluding broad groups such as churches, hospitals, schools, government, and all publicly supported charities. Private foundations make grants to other tax-exempt organizations to carry out their charitable purposes. Private foundations must make charitable expenditures of approximately 5% of the market value of their assets each year. Although exempt from federal income tax, private foundations pay a yearly excise tax of one or two percent on their net investment income.

A proforma budget is a budget forecasting revenues and expenses in advance for a particular project or an organization as a whole. The Foundation may request a proforma budget when a project or program under consideration would cause significant changes.