JOHN’S ISLAND FOUNDATION GRANT CRITERIA
To raise funds from the John’s Island Community for the purpose of making grants to fund capital requirements to agencies serving the economically disadvantaged in Indian River County. The Foundation seeks to make grants to agencies whose programs are primarily directed toward supporting basic human needs such as food, shelter, assistance with disabilities/health issues, safety from abuse and children’s education.
Grant Request Guidelines
- In all cases, grants must meet the mission of the JIF and primarily benefit the Indian River County Community.
- Only non-profit tax-exempt organization 501 (c) (3) will be considered.
- Applications must be signed by the Executive Director as well as the Board President. All agencies must provide the following documents with their applications: Copy of IRS letter or IRS tax – exempt number, letter from the State of Florida verifying registration with the Department of Ag. & Consumer Services, the most recent independent audit with a management letter, Internal financial statement & P&L for the previous 6 months, a copy of the latest annual report, Current Board of Directors, Organizational Chart, Board minutes for the past 12 months, a Capital Budget, at least two estimates for the project that is being considered for funding and a succession plan for Key Staff and Board members.
- Only capital needs will be funded. Capital needs are defined as tangible assets, typically with a useful life of three years or more (i.e., additions or improvements to plant and equipment, educational needs such as playground equipment and transportation). We do not fund the purchases of Education Curriculum. Desktop computers may be funded for specific programming needs. In general John’s Island Foundation does not fund personal devices including cell phones, iPads or laptops. Normally painting is considered regular maintenance unless it is specific to a new construction or renovation project.
- Applicants should demonstrate a track record of operation with continuity of programs serving those in need for at least one year. The agency must be financially viable, demonstrating sound financial and budgetary controls evidenced by, a history of meeting budget projections. A yearly independent audit is required from agencies with an annual operating budget of $100,000 or more. Agencies with less than $100,000 may submit a financial review. We encourage agencies to establish a capital budget and a capital reserve.
- Grant requests should demonstrate the agency will make its best efforts to complete the project in a cost-effective way, including competing bids where appropriate. If a grant is approved for a construction project, funds may be released when the project has been fully financed, permits approved, and construction started. Normally these conditions must be met within 12 months of the grant date.
- If a collaborative effort is pertinent to the request, a letter from the supporting agency must be included in the supporting documents on the application.
- In special circumstances, the Foundation may make grants in the form of a pledge or challenge grant that will be valid up to a year
- Grants will not be considered for endowments, community foundations, sectarian purposes, individuals or animal welfare.
- Organizations that do not discriminate on the basis of race, religion, or ethnicity will be considered. Agencies with religious affiliation will be considered only if they serve community members without regard to their religious beliefs.
- Funding commitments are made on a year-to-year basis, with the amount of any grant based on need and funds available. Except as approved by the Board, the maximum grant is $50,000. Absent special circumstances approved by the Board, proposals will not be accepted from any agency that has received grants from the Foundation for three consecutive prior years.
If you are a new agency applying for a grant from the JI Foundation, or if you haven’t applied for a grant in the last three years please contact our Grant technology Administrator Nate Bruckner at [email protected] or call him at 772-567-8900 ext 114.
If you are an agency that has applied to JI Foundation in the last three years please click on the button below to bring you to the application page.