Myriad USA

Myriad USA is the leading resource for philanthropic giving overseas – a trusted advisor to individuals, families, corporations, and foundations seeking to support their favorite causes, and charities anywhere across the globe. Myriad USA brings together the expertise of the King Baudouin Foundation United States (KBFUS) and Give2Asia, uniting two longtime partners. KBFUS changed its name to Myriad USA in January 2024, and under this new brand now provides donors with a simple and efficient platform to support nonprofit initiatives around the world.

Myriad USA offers several services to U.S. donors and foreign nonprofit organizations, including: Donor advised funds, Legacy funds, Disaster response funds, Advised gifts, Corporate Plus Advisory Services, Myriad ART for gifts of artworks, and American friends funds for foreign nonprofits seeking to raise funds in the United States.

Conducting enhanced due diligence is a crucial element of Myriad USA's approach to transparency and risk management as an international grantmaker. During our due diligence procedure of international charities, Myriad USA confirms the local legal status of a potential grantee; their eligibility to engage in charitable activities within their operational country (irrespective of organizational structure); their capacity to manage and monitor foreign funds from Myriad USA; as well as assesses the legal and reputational standing of the organization’s board and staff, among other considerations. An effective due diligence process is essential for fostering a donor’s confidence in our thorough evaluation and risk mitigation for each grant.
Myriad USA collects and reviews the following information from potential grantees:
•Recent audited financial statements
•Main sources of income
•Income and expenses for previous fiscal year
•Recent substantial grants received
•List of board members and senior staff
•Presentation of the organization (annual report, newsletters, etc.)
•Governing documents (articles of incorporation, by-laws, or statutes)
•Proof of registration as a nonprofit or evidence of tax-exempt status
•Bank account confirmation letter (Myriad USA conducts a verbal verification of banking information prior to wiring funds)

Myriad USA also conducts rigorous background and media checks on potential grantees and their board and senior staff members to assess the risk of granting to the organization. We review OFAC SDN sanctions as required by the IRS, but our process goes one step further and includes an additional third-party risk management software that reviews international watchlists from 168 countries to flag criminal activity, fraud, and politically exposed people.

Finally, Myriad USA reviews grant proposals and budgets in detail to ensure that grant funds will be used for the required charitable purpose. We collect reporting at the end of every grant to ensure that grant funds maintain their charitable purpose, are aligned with the approved scope of project, and are not used for prohibited activities. Myriad USA’s team of regional and in-country experts reviews all organizational information and application materials to confirm compliance with specific in-country regulations.