Each quarter we distribute funds for charitable purposes that are conducive to the central mission of the foundation and general purposes of foundation operations. The award is voted on by the full governing body, subsequent to an annual review of expenses, investment growth, and assets.
Our award quarters start the first of each month; with our 1st quarter from July – September, 2nd quarter from October – December, 3rd quarter from January – March, and 4th quarter from April – June.
Award applications must be submitted 30 days prior to the 1st day of each quarter. (See our application submission dates below.)
The foundation awards 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 year. Any deviation from this award policy will be rare and requires two thirds members of the governing body.
Applications for awards and grants must be received by the following dates:
1st quarter – May 1st (received by)
2nd quarter – August 1st (received by)
3rd quarter – November 1st (received by)
4th quarter – February 1st (received by)
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 similar application for support. These requests will be reviewed by the Executive Director who is appointed by the governing board. The final recipients of support will be approved quarterly by majority vote of the governing board.
Bachman Foundation does not and shall not discriminate on the basis of any applicable protected classification including, but not limited to, race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities and operations include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, advertising for available scholarships, selection of scholarship recipients, and the provision of related services. Bachman Foundation is committed to providing an inclusive and welcoming environment for all members of its staff, volunteers, vendors, applicants, and scholarship recipients.
