GLOSSARY OF TERMS 501(c)(3): A code, applied to organizations by the IRS, denoting tax-exempt status.
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Concept Memo: A document submitted by an institution seeking a grant or funding for a project. The Concept Memo describes the concept, anticipated outcomes, and includes financial information for the project. Lobbying: The efforts to influence federal, state, or local legislation within the United States or international legislation. Private foundations such as the Bill & Melinda Gates Foundation are, by law, prohibited from lobbying.
Request for Proposal (RFP): An open invitation to submit a funding request for consideration.
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