The grant process is never an easy one. We receive more requests than we are able to provide finances towards. So how do we decide who gets a grant?
First, an organization must meet our basic criteria of being a 501(c)3 not-for-profit organization, in good legal standing with the IRS and serving primarily Skagit County. Then we consider the likelihood of success given an organization's leadership and resources. We consider the program itself and weigh whether its worthy of funding this one over another one. Lastly, we look at the donor constraints we work within and try to match donor's intent with the requests. If we don't know an organization well, we will make a site visit to learn more about them. In the end, the Board of Directors reads every application and discusses them together over the course of two meetings. The grant decisions reflect much hard work by the volunteers who serve on our board.
We hope this gives you a general idea of the process and we look forward to partnering with your organization.
Did you know that with an endowment fund, the prinicipal of your gift is invested over time while the earnings are used to make gifts to the causes you care about most?
Florence Vaux graduated from Mount Vernon High School in 1929. After attending Business College she worked at Seattle First Bank. Always civic minded, she chose to leave a legacy in her will for children. She directed that a portion of the Florence B. Vaux Trust establish an endowment at the Skagit Community Foundation for youth programs.
After she died on June 18, 2003, Skagit Community Foundation received a gift of $900,000. Since then, Skagit Community Foundation has awarded over $300,000 to organizations serving youth in Skagit County. Today, the principal is worth over $1,011,000 and the endowment fund continues to generate earnings for the next generation of children.
Her initial gift of $900,000 is like a young tree sapling while the $300,000 in grants are the fruit of the tree over time. The principal of $1,011,000 is the mature tree that continues to bear fruit.
For more information, contact us at 360.419.3181 or firstname.lastname@example.org.