Midland Area Community Foundation Pledges the Same Grant Amount to the Community for 2010
The Midland Area Community Foundation is on track to grant more than $300,000.00 in unrestricted quarterly grants this year. This grants budget is the money allocated to the quarterly grants cycles the Foundation hosts. Projects like a new children’s therapy corner at Family and Children’s Services, a new pavilion at Creative Spirit Center and partial funding for the implementation the 211 phone system in our community were funded in 2009 through the Community Foundation’s grants budget.
Since it’s inception in 1973, the Foundation has been able to grant ever-increasing amounts back into the community. However, with last year’s sudden market change, there was concern that the grants budget would be reduced.
“We were a little concerned that the market fluctuations would impact our 2010 unrestricted grants budget,” said Dave Kell, Director of Finance. “Fortunately, our investments are guided by a conservative and sound set of policies that ensure the longevity of the funds for the future. What we finally approved was exactly the same as this last year which is great news for our community.”
“We are so pleased by the grant dollars we have available for 2010,” Said Jim Hop, Chair of the Board of Trustees. “We grant these dollars to nonprofits in our community and right now, our nonprofits are seeing increased need on a daily basis. It is critical that the Community Foundation is able to maintain our level of support for our community.” The quarterly grant cycle is funded through the Midland Area Community Foundation’s unrestricted funds. These unrestricted funds grow as a direct result of community contributions.
The Foundation entertains grant proposals four times a year; January 15, April 15, July 15, and October 15. Any nonprofit in Midland or Gladwin County can submit a proposal to the Foundation. For complete details on the Foundations grant guidelines, please visit the Foundation’s website at www.midlandfoundation.org.