2007 Annual Report - Greater Worcester Community Foundation
2007 Annual Report - Greater Worcester Community Foundation
2007 Annual Report - Greater Worcester Community Foundation
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Grantmaking<br />
The <strong>Foundation</strong> makes grants in six key areas: arts<br />
and culture, community and economic development,<br />
education, environment, health, and human services.<br />
We invite grant applications from all 501(c)(3) nonprofit<br />
organizations residing in <strong>Worcester</strong> County.<br />
Following are competitive grant opportunities offered by<br />
the <strong>Foundation</strong>:<br />
Discretionary, field-of-interest and committee-advised<br />
grants enable the <strong>Foundation</strong> to respond quickly to<br />
pressing community needs. Twice a year, our board’s<br />
Distribution Committee reviews applications for<br />
discretionary and field-of-interest grants. Volunteers<br />
appointed by our board or donors annually review<br />
proposals for committee-advised grants. Grants in these<br />
three categories range in size from $250 to more than<br />
$300,000, depending on fund resources, and support<br />
strategic planning, programmatic activities, and technical<br />
improvements.<br />
Scholarship awards are granted by the <strong>Foundation</strong> each<br />
year from more than 90 scholarship funds designated<br />
for college-bound residents of Central Massachusetts.<br />
Most awards are for graduating high school seniors; but<br />
some support older adults returning to school. A student<br />
submits just one application to become considered for<br />
all scholarships that suit their qualifications. Donors<br />
establish the criteria for their awards, which vary from<br />
$250 to more than $6,000, and many are renewable<br />
throughout the student’s education. Applications are<br />
available in paper and electronic form between early<br />
February and late March. Most awards are announced by<br />
the end of June.<br />
The following grants are recommended by fund-holders:<br />
Donor advised grants express the interests and priorities<br />
of the donors or their designated advisors, who may<br />
make grant recommendations at any time throughout the<br />
year. Nonprofits are not usually required to submit an<br />
application.<br />
Agency and designated grants provide nonprofits with<br />
ongoing support from endowment funds created by their<br />
boards or by others for their benefit. Grants from agency<br />
and designated funds require the compliance of the<br />
organization’s board prior to disbursement and may be<br />
distributed automatically on an annual basis. Grants may<br />
be for general operating costs, special projects, capital<br />
expenditures, or emergency needs.<br />
Grants Approved by Broad Category in <strong>2007</strong><br />
0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000<br />
Arts and Culture<br />
$636,400<br />
<strong>Community</strong> Development<br />
$309,536<br />
Education<br />
$1,199,222<br />
Environment<br />
$170,382<br />
Health<br />
$960,176<br />
Human Services<br />
$1,390,956<br />
Grant Totals<br />
$$4,666,672<br />
Discretionary, Field of Interest and Committee Advised Funds<br />
Scholarship Funds<br />
Designated and Agency Funds<br />
Donor Advised Funds<br />
All 501(c)(3) nonprofit organizations and students residing in <strong>Worcester</strong> County are invited to<br />
call or visit www.greaterworcester.org for complete grant and scholarship guidelines.<br />
16 <strong>Greater</strong> <strong>Worcester</strong> <strong>Community</strong> <strong>Foundation</strong> • 07 ANNUAL REPORT