Julep’s Nonprofit Glossary

-Q-

Query Letter: A brief letter outlining an organization’s activities and a request for funding sent to a prospective donor to determine if there is sufficient interest to warrant submitting a full proposal. This saves the time of the prospective donor and the time and resources of the prospective applicant. Also referred to as a letter of inquiry. See Preliminary Proposal.

Qualified Charitable Distribution (QCD): A distribution from an IRA made directly to an eligible charity.

Qualifying Distribution: Expenditures of a private foundation, such as a grants, administrative expenses, set asides, or program-related investments, that satisfies its annual payout requirement.