One year after the fund for general grantmaking has reached its goal, CFO will notify the regional foundation of the amount available for grants.
The Board of Governors of the regional foundation will announce that grant funds are available and make grant applications accessible to local area qualified non-profit organizations.
A Grants Committee may be formed to review the applications that are received through a specific deadline date.
The application will include a succinct description of the project or organization for which support is being sought and its proposed benefit to the community of the regional foundation. The application will also include information about the principal staff members of the grantseeking organization, a budget of the project, their most recent audit report, an indication of the amount requested, a copy of the grantseekers 501 (c)(3), (or other IRS recognized qualification) and a board list.
The Board of Governors of the regional foundation will make recommendations for grants to the Board of Directors of Community Foundation of the Ozarks.
The Board of Directors of Community Foundation of the Ozarks will vote to approve or deny the grant recommendations.
Funds for grants approved will be mailed to the regional foundation for deposit in the its operating account. Checks from this account will be issued to the grant recipients.
It is recommended that the regional foundation use the check presentation opportunity to present the checks personally at the grant recipients’ board meetings, or at other public events.
A monitoring program is recommended to ensure the grants are carried out in the manner described in the original application.