CFNCW Endowment Grant

Community Foundation of North Central Washington


Grant amount: US $50,000

Next deadline: May 1, 2020

Later deadlines: May 1, 2022

Applicant type: Nonprofit

Funding uses: General Operating Expense

Location of project: Anywhere in the world

Location of residency: Counties in Washington: Chelan County, Douglas County, Okanogan County

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Overview:

One of the most effective ways to improve our communities is through supporting and strengthening our local nonprofit organizations. One way to achieve this is providing opportunities for nonprofits to secure long-term financial sustainability.

Every other year, CFNCW awards one Endowment Grant to support a nonprofit in Chelan, Douglas, or Okanogan county in achieving this sustainability. Having an endowment fund at CFNCW provides a nonprofit agency an annual income disbursement to support its operations while the principal of the fund grows in perpetuity.

Using the foundation’s 5% annual spending policy, a $50,000 endowment would provide an organization with $2,500 a year. As the fund grows through gifts and investments, this annual stream of income increases. A $1 million endowment would provide a $50,000 a year stream of income.

The ideal grantee is a well-established, extraordinary organization making a significant impact on the community it serves. The organization must have experienced leadership at both the board and staff level who will use the Endowment Grant to move the organization to the next level of expertise.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • Applicant is a Chelan, Douglas or Okanogan county 501(c)(3) nonprofit organization who is in good standing with the IRS and who has been in operation for at least three (3) consecutive years;
  • Organization must be reasonably healthy and stable and must not be experiencing any overwhelming threats to survival (e.g. major financial crisis, major leadership turnover or significant under-staffing);
  • 100% of the board contributes financially.

Ineligibility:

  • Who is NOT Eligible? 
    • Fiscally sponsored programs;
    • Nonprofit organizations with budgets less than $25,000 and/or do not file an IRS Form 990;
    • Private and public schools, private and public universities;
    • Churches;
    • Foundations;
    • Political organizations;
    • Membership organizations, associations and civic groups such as Rotary or Kiwanis


About this funder:

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View past grantees & full 990 summary