Grant offer letters usually issue immediately following the Board meeting. These grant requests must comply with all of the Foundation's grant policies and procedures. These grants should be of an urgent nature, where time is of the essence to capture a unique opportunity. The Executive Committee grants are not a substitute for the regular grant making process of the Foundation. We suggest talking to the Foundation Officers before filing an Executive Committee grant request.
Loans are ordinarily for up to a maximum of three years at simple interest.
Loan requests may be filed at any time during the year. After a file is complete, the request will typically be reviewed and a decision made within sixty days. We suggest talking to the Foundation Officers before filing a loan request. When the grant funds have been fully spent, we require a final report containing a list of the disbursements of the grant balanced against the grant budget, together with an evaluation of the results of the grant. New grant requests will not be processed by the Foundation from the same organization until the final report has been filed on any prior grant.