The Terrace Community Foundation will review applications for grant funding twice per year.
The deadline for applications is November 1st and May 1st of each year.
IMPORTANT: Before starting your application please carefully review our grant policy to ensure your request is eligible and you understand your responsibility in receiving grant funds.
Please complete this form as part of your application:
|
For your reference here is our grant policy in a downloadable format, please read carefully:
| ||||
Terrace Community Foundation Grant Policy - effective September 2017
Preamble:
The Terrace Community Foundation is an apolitical, philanthropic organization whose purpose is to raise funds and bring donors to the table to help build a resilient, resourceful, caring community.
In turn, we provide grants to community groups and organizations that cover a broad spectrum of needs.
The Terrace Community Foundation will consider grants for projects that encompass one or more of the following themes:
The Terrace Community Foundation supports projects that:
The following requests are ineligible:
The Terrace Community Foundation is guided in its granting decisions by the following policy.
Policy:
1. Each organization seeking financial assistance must demonstrate:
a) That the project encompasses the qualifying themes outlined in the preamble
b) That there is a need for financial assistance
c) The community benefits that will be realized if the financial assistance is provided
d) That the group has made reasonable efforts to seek other funding sources, including other governments,
non-governments, user fees and in-kind contributions
2. In addition to the requirements outlined in 1 (a-d) applicants must:
a) Submit an application in writing and include all required documents, including a completed application form
b) Apply before the function or activity takes place
c) Provide a detailed budget to show how the funds will be spent
d) Submit a copy of their most recent financial statement that demonstrated effective management and fiscal
responsibility
e) Account for the use of funds and produce a financial statement. Failure to submit this reporting documentation will jeopardize future funding
3) Applications for grants will be accepted on November 1st and May 1st of each year
4) A cap on the amount of funds that may be given in a grant cycle is determined by the Terrace Community Foundation board each year based on fund availability
5) At the discretion of the board unspent funds by recipient organizations will be considered in future applications
6) Any organization can only apply once per year (This policy was rescinded January 12/2021.)
7) Grants are not made to individuals or businesses
Preamble:
The Terrace Community Foundation is an apolitical, philanthropic organization whose purpose is to raise funds and bring donors to the table to help build a resilient, resourceful, caring community.
In turn, we provide grants to community groups and organizations that cover a broad spectrum of needs.
The Terrace Community Foundation will consider grants for projects that encompass one or more of the following themes:
- Health
- Education
- Arts and culture
- Sports and recreation
- Local environment
- Social services
The Terrace Community Foundation supports projects that:
- Provide a service to the community
- Resolve a community challenge
The following requests are ineligible:
- Funds requested are for an organization’s usual operational or core expenses (e.g. heat, lighting, rent, existing staff salaries)
- Funds are for any expenses that predate the current grant cycle
- Funds are used to cover deficits, retire debts or mortgage payments
- Funds are used to provide for or establish endowments
- Funds are used for religious or political organizations that serve primarily their membership and/or for direct religious purposes
- Funds are part of an annual fund drive
The Terrace Community Foundation is guided in its granting decisions by the following policy.
Policy:
1. Each organization seeking financial assistance must demonstrate:
a) That the project encompasses the qualifying themes outlined in the preamble
b) That there is a need for financial assistance
c) The community benefits that will be realized if the financial assistance is provided
d) That the group has made reasonable efforts to seek other funding sources, including other governments,
non-governments, user fees and in-kind contributions
2. In addition to the requirements outlined in 1 (a-d) applicants must:
a) Submit an application in writing and include all required documents, including a completed application form
b) Apply before the function or activity takes place
c) Provide a detailed budget to show how the funds will be spent
d) Submit a copy of their most recent financial statement that demonstrated effective management and fiscal
responsibility
e) Account for the use of funds and produce a financial statement. Failure to submit this reporting documentation will jeopardize future funding
3) Applications for grants will be accepted on November 1st and May 1st of each year
4) A cap on the amount of funds that may be given in a grant cycle is determined by the Terrace Community Foundation board each year based on fund availability
5) At the discretion of the board unspent funds by recipient organizations will be considered in future applications
6) Any organization can only apply once per year (This policy was rescinded January 12/2021.)
7) Grants are not made to individuals or businesses
