The Trust may request additional information from an applicant as it considers the application. Organizations that apply for funding will be notified in writing when a decision about the application is reached. The Trust makes grants to organizations to assist them in carrying out their charitable, public service and philanthropic activities for the benefit of persons living within the Boone Electric Cooperative service area. Individuals are assisted through the Voluntary Action Center. The Trust does not donate funds to support endowments.
Funds are to be expended for the purposes for which they are granted.
The Trust will give preference to requests for grants that are matched with funds or with in-kind services by the applicant. The Trust has set no minimum or maximum amounts for grant requests. The Trust will expect organizations receiving a grant to report within the year on the use of funds and to provide a final report when the funds are completely expended. Scholarships are awarded to one graduating student from each of the public high schools in the BEC service area. Four at-large scholarships are also available to students from private schools, home schools and nontraditional backgrounds.