$56K in expenses

Realty holdings INC of the quad cities community foundation transferred rental revenue from donated property to the quad cities community foundation, a related tax-exempt organization, to be used for grants and scholarships.

— in expenses

Designated grants - realty holdings INC of the quad cities community foundation holds land based on the intentions of the donor, which may include retaining for a period of time. Once the specified time or other factors are met, land is sold and the net proceeds of the sale are granted to the organizations designated by the donor at the time of the gift. Appropriate due-diligence is done by the grantmaking department at quad cities community foundation, a related tax-exempt organization, to ensure that grantees meet the necessary requirements.