Each quarterly distribution is to be used for general purposes of foundation operations and awards for charitable purposes that are conducive to the central mission of the foundation. The award shall be voted on by the full governing body quarterly each calendar year, subsequent to
an annual review of expenses, investment growth, and assets. The foundation will award no less than 5% of the total value of all financial accounts and no more than the full value of interest and dividends awarded in the previous calendar year. Any deviation from this award policy should
be done only in rare exception and requires two thirds members of the governing body.
The primary function of the Foundation is to provide financial support for programs and families that align with the mission and purpose of the Foundation. All awards will be made through Requests for Proposals (RFPs) and/or a similar application for support. These requests will be
reviewed by the Director who is appointed by the governing board. The final recipients of support will be approved quarterly by majority vote of the governing board.
FIRST YEAR AWARDS
The Foundation plans to award a minimum of $125,000.00 for the July 1, 2018 – June 30, 2019 year. The board of trustees will make awards quarterly during the fiscal year.
July 2018 – September 2018
October 2018 – December 2018
January 2019 – March 2019
April 2019 – June 2019