Our Foundation For The Future
Eagle Grove, Thor, Vincent, Woolstock
Gifts….Trusts….Bequests
EXAMPLES OF FUNDED PROJECTS
Dollars for ScholarsThor Main Street Project
Eagle Grove Area Fire Dept. & RescueWoolstock Park Project
Services & AmbulanceVincent Park Project
Robert Blue Middle School AuditoriumWright Medical Wellness Center
Eagle’s Wings Child CareEagle Grove Aquatics Center
Sports Boosters Weight Room ProjectJaycees Skateboard Park Project
Robert Blue Middle School GreenhouseEagle Grove Museum Renovation
BaseballSoftball Concessions/BathroomsVeterans Tower Project
Eagle Grove Library Digitization Project
WHAT IS THE FOUNDATION?
It is a non-profit organization that helps in the efforts of various organizations in the communities of Eagle Grove, Thor, Vincent and Woolstock to study the unmet needs and provide funding to meet those needs which cannot be funded by taxes, bond issues or assessments. Funding will be no more than matching funds, not to exceed more than 50% of a project.
WHAT IS THE SOURCE OF FUNDS?
The foundation acts as a recipient of gifts by individuals and businesses who wish to promote a progressive community for the present and future.
HOW DOES IT WORK?
Gifts to the foundation can be processed in any of the following ways:
-Place gifts in escrow for purposes to be designated later.
-Use major gifts in accordance with specific wishes of the donor.
-Designate a project toward which individuals and businesses can pool their contributions.
-Receive non-designated gifts and contributions to use in any manner the foundation determines.
WHO IS ON THE BOARD?
Area community leaders who are vitally interested in all facets of area development and who serve without compensation.
ARE GIFTS TO THE FOUNDATION EXEMPT FROM FEDERAL OR STATE INHERITANCE TAXES?
Yes, a living gift can be used as an itemized deduction on your income taxes.
IS THE INCOME FROM TRUST FUNDS HELD BY THE FOUNDATION TAXABLE?
No, the foundation is classified as a charitable organization and its income is exempt from income taxes.
Application Procedures
TIMELINE FOR APPLICATION:
Application proposals will be accepted on or before February 15 and on or before August 15 of each calendar year. NOTE: A representative of the organization will be required to appear before the foundation board to present and defend the application proposal.
APPLICATION PROCESS:
Application approvals will be made by the foundation board on or before April 15 for applications received by February 15 and on or before October 15 for applications received by August 15. NOTE:The foundation is unable to grant every application proposal. Application proposals not aligned with our focus are unlikely to receive approval. Decisions by the foundation board regarding application proposals are final. Applicants will be notified in writing of the board’s decision.
INFORMATION AND ASSISTANCE:
Thank you for taking the time to complete the enclosed Special Application Form. We look forward to reviewing your proposal. If you have questions or comments, please contact us at 448-4821 or contact the current foundation president.
OUR FOUNDATION FOR THE FUTURE
Special Application Form
Please complete and submit this Special Application Form in its entirety. NOTE: Incomplete application forms may not be processed.
A. Summary
Organization Name:______
Address:______
Contact Person(s):______
Telephone(s):______
Fax:______
Project Name and Brief Description:______
______
Amount Requested: $______
Category: __Human Needs__Education__Culture/Art__Civic__Environment
B. Proposal Narrative(Include the following information in no more than 5 pages)
General Information:
1. Briefly describe your organization’s mission and history.
2. List of Officers and Directors.
3. Provide highlights of your past and current program season, including program
attendance figures, and provide a projection of your upcoming season’s program.
4. Describe the demographics of the audience served by your organization.
5. Describe your diversity and outreach activities.
6. Describe your organization’s operating structure including roles and
responsibilities of board, staff and volunteers.
7. Describe your organization’s publicity and marketing strategies (if applicable).
8. Attach IRS letter of Tax Exemption under Code Section 503(c) (3).
Purpose of Grant:
1. Description of program/project.
2. Program/project goals.
3. Who and how many will be served.
4. Geographic area targeted.
5. Timeline of program/project.
Financial Information:
1. Total operating budget for past and current year. (Use attached budget page or
attach prepared statement.)
2. Estimated budget for program/project.
3. Describe your current fund-raising activities including corporate and individual
contributions, benefits, special events and in-kind services. (List sources
committed or pending.)
4. Plans for continued funding after the grant period.
5. Timeline of funding.
6. Grant Agreement Form.
______
I certify that the information in this application and any attachments is true and correct.
______
(Signature)(Print Name)
______
(Title)(Date)
______
Please return application to:
OUR FOUNDATION FOR THE FUTURE
P.O. Box 385
Eagle Grove, IA 50533
______
(OUR FOUNDATION FOR THE FUTURE USE ONLY)
Application:
__ApprovedChairperson:______
__Not ApprovedSecretary:______
Date:______
Comments:______