Application Deadline is Monday, September 16, 2019
The Foundation accepts applications for the funding of grants each year from July through September for projects to take place during the ensuing calendar year. The Board of Trustees review grant requests and determine recipients each fall. Funding of smaller projects may occur other times throughout the year outside of the grant-making process and calendar.
Important: Five years ago the “Foundation” introduced a new practice designed to help organizations further develop and strengthen their sustainable donor bases by offering a financial incentive. Under this scenario, only new, one-time, or seed money requests may receive 100% of the amount approved by the “Foundation” without a matching gifts requirement. Previous grant recipients who have been funded for three years or more may receive only 75% of any grant awarded, or up to 125% of the allocated award if NEW recipient donors match the remaining 25%. For example, if a $10,000 grant is requested and awarded, the first $7,500 does not require a match. If the grantee secures $1,250 in NEW matching contributions, the Foundation award rises to $8,750 which coupled with the $1,250 brings the total amount received to $10,000. If grantee secures $2,500 in NEW matching contributions, the “Foundation” award rises to $10,000 which coupled with the $2,500 in matching gifts brings the overall total received to $12,500. That’s a 25% bonus above the $10,000 grant request!
Matching contributions guidelines:
Grant recipients wishing to take advantage of the matching component are encouraged to reach out to new donors who may be enticed by the prospect of seeing their contribution(s) doubled in value. A list of the names of matching donor(s) and amount(s) given must be provided to the Avila Beach Community Foundation before grantee is issued the grant award. Matching donations can be applied to the grant anytime during the first nine months of the grant project year – in this case between January 1 and September 30. In lieu of seeking individual matching contributions, the recipient agency may choose instead to hold a special event designed to raise the match total, but should first confer with the “Foundation”.
Questions about the grant matching contributions requirements should be directed to Foundation Executive Director Rick Cohen.
Foundation Mission: http://www.avilabeachfoundation.org/foundation-mission.html