From our last "Fan Question Friday" : Can non-profits establish funds at the Foundation?
The Madison County Community Foundation has been providing funding to our community since 1994. The funds originate from donor advised funds, agency endowments, scholarships and other types of restricted funds. In addition, grants to community organizations are also supported through competitive grants awarded from unrestricted funds in the Foundation.
Types of Grants Offered:
Foundation Grant: proposals are accepted twice a year, once in the Spring and again in the Fall. Foundation Grants are made to support projects and programs of non-profit agencies located in or serving residents of Madison County. Grants are typically made for one year, at a maximum of $10,000. Proposals are reviewed by a Grant Review Committee, which makes funding recommendations to the Foundation Board of Directors. Upon approval by the Board of Directors, funds are awarded and paid on a reimbursement basis. Special circumstances are considered on a case by case basis.
Immediate Need grants: may be made to those agencies in our community which have a proven track record with the Foundation as sound financial stewards and successful community providers. The expeditious process begins with a call to the Foundation's Executive Director; requests cannot exceed $2000 and must address an urgent operational need rather than a program or project.
Anderson Rotary Club and Youth Leadership Academy Grants: are donor-advised grant cycles managed by the Foundation. Offered once per year, these grants each have their own application, review protocol, and grant criteria. Applications are accepted and managed by the Foundation, but the awards are selected by the Fund-holding entities' selection committees. Typical grant awards are in the $500 to $2,000 range.