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Hutton Foundation Endowment Grant Program

Hutton Parker Foundation


Grant amount: US $100,000

Anticipated deadline: Dec 1, 2018

Applicant type: Nonprofit

Funding uses: Training / Capacity Building

Location of project: Santa Barbara County, California

Location of residency: Santa Barbara County, California

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Overview:

Hutton Foundation Endowment Grant Program

The Hutton Parker Foundation Endowment Grant Program provides an opportunity for local Santa Barbara- based nonprofit organizations to secure endowment funding. This opportunity is available only one time per agency and is to be used to establish a new endowment.

The Endowment Program has been designed to produce a concise result. Hutton Parker Foundation has developed documentation, which provides step-by-step instructions and sample policies for establishing an endowment. Once an agency has completed the application process, they will have created a viable endowment fund and valid endowment policy.

In providing these sample documents, Hutton Parker Foundation is not recommending or requiring particular policies and is not providing legal or investment advice to applicants. Each applicant must adopt the policies that best suit its situation, and should seek the advice of its own legal, financial and accounting advisors.

Grant Structure: Hutton Parker Foundation will commit four (4) $25,000 grants to endowment per calendar year. The committed funds must be matched 3:1 within 24 months of Hutton Parker Foundation’s commitment. Once successfully matched, Hutton Parker Foundation will award the committed $25,000.

Award Evaluation Criteria

In determining the award for the matching funds, the following elements shall be given consideration:

  • The ability, capacity and leadership of the organization to the meet the stated objectives .
  • The financial viability of the organization .
  • The content and reasonability of the proposal outlining how $75,000 in the new funds will be raised within 24 months of initial award.

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

Eligibility:

  • Application Evaluation Criteria:
    • Organization must be an independent 501 (c) 3 organizations located in Santa Barbara County.
    • Organization must have been in existence five or more years.
    • Organization must have operated in the “black” for last four consecutive years.
    • Funds raised must be from new sources, not existing reserves, ple.dges or proceeds directed by the organization’s Board of Directors.
    • Must complete fundraising 24 months of initial award.
    • Must be available for a site visit or interview, if requested.
  • Matching Fund.
    • The committed funds must be matched 3:1 within 24 months of Hutton Parker Foundation’s commitment.

Ineligibility:

  • Grants are not made:
    • To organizations discriminating against certain groups or individuals in the delivery of programs and services on the basis of race, religion, national origin, gender, age, sexual orientations or disability.
    • For propagandizing, influencing legislation and/or elections, promoting voter registration; for political candidates, political campaigns; for litigation.
    • For social or political issues outside the United States of America.
    • To individuals.
    • To federated appeals or for the collection of funds for redistribution to other nonprofit groups.
    • For conferences, workshops, temporary exhibits, travel, surveys, films or publishing activities.
    • For research.
  • Grants are generally not approved for:
    • National organizations without a local chapter operating within Santa Barbara County.
    • Projects or programs normally financed by government sources.
    • Refugee or religious programs or consumer interest.


About this funder:

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