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THE
GUILFORD FOUNDATION, INC.
GUIDELINES FOR GRANTS
The Board of Directors of The Guilford Foundation, Inc., which functions also as its distribution committee, normally will participate only in projects which it believes will improve the quality of life in Guilford and which also meet the following guidelines:
1. If seed money is sought for a new organization or agency, the proposed organization or agency must show promise for success, sound management, including record keeping practices ensuring accountability for funds advanced, and clear and attainable goals relevant to community needs.
2. An established organization or agency may receive support for expanding existing services or developing new programs which otherwise meet these guidelines. However, The Foundation will not be a substitute for regular fundraising responsibilities of existing agencies and, except for temporary assistance under special circumstances, will not fund regular operation expenses or pay past debts of such agencies.
3. The Foundation will consider proposals involving a challenge grant in order to stimulate support of a project by other funding sources. The Foundation prefers, however, to provide funds matching other resources gathered by the grantee.
4. Except in special situations, grants will be for one time only, although they could be spread over an appropriate period.
5. To make the best use of its resources for projects such as the above, The Foundation does not, in the absence of a demonstration of overwhelming community need or community benefit, make grants to:
A. Intermediary funds agencies, e.g. charities;
B. Research, unless associated directly with an action project;
C. General fundraising drives or events;
D. Programs of a specific religious or partisan political nature; or
E. Individuals and families.
6. The Foundation requires from the grantees, a follow‑up report within six months and at the completion of the project, including the following:
A. Financial disclosure of how grant was spent, and
B. Progress made in relation to the original stated objectives.
The Board of Directors reserves the right to waive or amend any or all of the provisions set forth above to best serve the purposes of The Foundation.
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copyright 2005-08 |
