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Grants to Non-Profits in Santa Barbara County, California To Establish Endowment Funding

Endowment Grant

Hutton Parker Foundation


Agency: Foundation

GrantWatch ID #143153

Grant Description

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Grants of $25,000 are available to Santa Barbara, California-based non-profit organizations and agencies to secure endowment funding. The funding source has developed documentation which provides step-by-step instructions and sample policies for establishing an endowment. Once an agency has completed the application process, they will have created a viable endowment fund and valid endowment policy.

In providing these sample documents, Hutton Parker Foundation is not recommending or requiring particular policies and is not providing legal or investment advice to applicants. Each applicant must adopt the policies that best suit its situation, and should seek the advice of its own legal, financial and accounting advisors.

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Eligibility:

Additional Eligibility Criteria:

Application Evaluation Criteria:

- Organization must be an independent 501 (c) 3 organizations located in Santa Barbara County
- Organization must have been in existence five or more years
- Organization must have operated in the “black” for last four consecutive years
- Funds raised must be from new sources, not existing reserves, pledges or proceeds directed by the organization’s Board of Directors
- Must complete fundraising 24 months of initial award
- Must be available for a site visit or interview, if requested

This opportunity is available only one time per agency and is to be used to establish a new endowment.

Pre-Application Information:

The funds raised must be from new sources, not existing reserves, pledges or proceeds directed by the organization's board of directors. The committed funds must be matched 3:1 within 24 months of Hutton Parker Foundation’s commitment. Once successfully matched, Hutton Parker Foundation will award the committed $25,000.

The Foundation will take into account the ability, capacity and leadership of the organization to meet the stated objectives, the financial viability of the organization, and the content and reasonability of the proposal outlining how $75,000 in new funds will be raised within 24 months of initial award.

To apply, please contact info@huttonfoundation.org.

Additional Funding Information:

Estimated Total Program Funding:

$100,000

Number of Grants:

4

Estimated Size of Grant:

$25,000

Term of Contract:

Must complete fundraising within 24 months of the initial award.

Contact Information:

Robyn Parker
805-957-4740
RParker@huttonfoundation.org

Hutton Parker Foundation
26 W Anapamu Street, 4th Floor
Santa Barbara, CA 93101

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