TULSA AREA UNITED WAY
2012 - 2013
VENTURE GRANTS FUND GUIDELINES
Click Here for Venture Grant Online Application: www.tauwfunds.org
Please note that the online application requires login credentials.
PURPOSE
The purpose of the Venture Grants program is to fund a new, innovative approach to an existing or emerging need in the community. " New, innovative approach" means a creative solution to a community need not currently available in our six county service area (Creek, Okmulgee, Osage, Rogers, Tulsa and Wagoner Counties). This does not include current services or expansion of current programs. Replicating a current program in a different geographical area does not meet the requirements of a Venture Grant.
GRANT SIZE
Venture Grant funding is not available for capital purchases. Agencies may submit only one application.
GENERAL GUIDELINES
- Venture Grants proposals are due August 5, 2011. No late submissions will be accepted.
- All submissions must be complete. No questions can be omitted.
- All applicants must have a letter of tax exemption as a publicly supported charitable organization Section 501(c)3 of the Internal Revenue Code. Pending 501(c)3 tax-exempt status does not satisfy this requirement.
- Grants will be awarded one time only for an eighteen-month period.
- The agency operates on a non-discriminatory basis with respect to age, sex, race, religion, disability and national origin. This policy applies to membership bodies, boards, committees, staff and services. Depending on the size of the agency or organization, TAUW may require that the agency or organization operate with an Affirmative Action Plan that has been approved by its board of directors.
- Organizations that compensate board members are not eligible for a Venture Grant.
- Calendar/Decision-Making Process:
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MONTH / YEAR
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PROCESS / ACTIVITY
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| July 1, 2011 |
Public Notice/Call for Applications |
| August 5, 2011 |
Deadline for Receipt of Applications |
| August through December, 2011 |
Request for Site Visits and Conference Meetings for Applicants Under Consideration |
| January 2012 |
Notification Sent to Applicant Agencies |
| July 2012 |
Distribution of Funds Begins |
| December 2013 |
Grant Period Ends |
DISBURSEMENT
Following final TAUW board approval of a grant and, contingent upon reporting requirements listed below, the grant amount shall be awarded to cover an eighteen-month period beginning in July. It shall be paid in three (3) equal payments on the 15th of July, January and July.
REPORTING REQUIREMENTS
- Project status will be tracked through completion and submission of a Project Status Report by the 8th day of January, July and December.
- Each project will be subject to a Mid-Term Review with completion of a Mid-Term Report and a conference meeting with Venture Grants panel members in March or April.
- Agencies are required to submit an annual audit in accordance with accounting principles generally accepted in the United States of America for not-for-profit organizations. An agency with an annual budget exceeding $500,000 is required to have its financial statements audited by an independent Certified Public Accountant (CPA). Audits must be conducted in accordance with American Institute of Certified Public Accountants (AICPA) standards for audits of not-for-profit organizations and must obtain "unqualified" audit opinions. Agencies with an annual budget less than $500,000 are required to have a review of its financial statements conducted by an independent CPA in accordance with AICPA Statements on Standards for Accounting and Review Services.
- A Final Project Report must be submitted by January 8 following program end. An agency site visit may be conducted prior to completion of the project.
Click Here for Venture Grant Online Application: www.tauwfunds.org
For information regarding Guidelines and Application Process, please contact:
Bobbie Cremer, Sr. Agency Specialist
918-295-6615
bcremer@tulsaunitedway.org
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