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
- Matching– The Foundation agrees to match an amount that the grant seeker receives through fundraising
- 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.
- Project/Program– The Foundation awards a grant for a specific initiative or endeavor, not for general operating support.
- Seed Money– The Foundation awards a grant to help launch a new project or initiative.
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
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.
