 Grants
- Award Process
Grants will be awarded twice a year, in June and October.
Grant applicants will submit an application outlining their
proposal, the amount of funding requested, the budget for
the project, and other pertinent information requested on
the form. The applicant will receive an acknowledgement of
receipt of the proposal with a request for additional information
if the application is incomplete.
The Board will review all qualified applications and determine
which requests will be funded for the current year. Applicants
will receive either a letter of rejection or an acceptance
letter and agreement with a check for the amount awarded.
The agreement will include the following terms and conditions:
1. The Grantee shall expend the grant funds exclusively for
the stated purpose described in the grant proposal.
2. The Grantee will submit a final report describing the results
that have been accomplished by the use of the funds 60 days
after the completion of the project supported by the grant,
or 60 days after the end of the grant period.
3. The Grantee will notify the Foundation of any changes to
its IRS tax status. Should the status change, the Grantee
agrees to return any unexpended funds to the Foundation.
4. The Grantee agrees to repay any part of the grant funds
that is not used for the stated purpose of the grant. Any
unexpended grant funds remaining at the expiration of the
grant period shall be returned to the Foundation.
5. The Grantee agrees not to make public announcements or
distribute press releases concerning this grant or any information
regarding the Terry Lee Wells Foundation without prior written
approval of the Foundation.
Multi-year grant recipients must provide an annual progress
report that includes an evaluation of the success of the program
and a comparison of budget versus actual revenue and expenses.
The Board may make a distribution at any time during the year,
without requesting a formal application, if a special project
is identified that the Trustees feel is worthy of funding.
Schedule
for Grant Requests and Awards:
April
30: Deadline for applications for June funding
June
15: Grants awarded
August
31: Deadline for applications for October funding
October
15: Grants awarded
Trustee meetings to select grant recipients will be held between May 1 and June 12 and between September 1 and October 12.
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