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Types of Grants
- Capacity Building – Funding that strengthens an organization so that it may better fulfill its mission
- Capital – Funding for construction or equipment
- Challenge – The Foundation and grant seeker agree on a program or operating goal for the grant seeker to reach; the Foundation rewards successful completion of goal
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Matching
The Foundation agrees to match an amount that the grant seeker receives through fundraising.
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Operating
Mature organizations may be eligible for operating support upon establishing a threshold of core competency. Developing organizations may be eligible upon successful completion of a seed grant and after demonstrating a threshold of competency.
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Project / Program
The Foundation awards a grant for a specific initiative or endeavor, not for general operating support.
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Seed Money
The Foundation awards a grant to help launch a new project or initiative.
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Criteria
In evaluating proposals, the following will be considered:
- Response to a need in the community
- Building long term capacity in the community
- Creating collaboration between organizations
- Use of an innovative approach or a proposal that acts as a catalyst for meeting future needs
- Geographic scope and population reach
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Eligibility
The Mary Hicks Preston Historical Improvement and Betterment Foundation, Inc. will:
- Make grants to tax-exempt organizations with 501(c)(3) classification from the IRS;
- Make grants to municipalities;
- Make grants to faith-based organizations (please see special note on application);
- Make grants to civic organizations (proposals must be project-based and of a charitable nature, and the organization must have a fiscal agent that is a 501(c)(3) nonprofit organization);
- Make grants to public and private schools for projects that exceed the school’s budget funding.
