New Grant Review Process in 2011!

Just wanted to share some new changes with our 2011 grant review process...

As of January 1, 2011, the Initiative Foundation will be reviewing grant inquiries - for our Innovation Fund - on a quarterly basis.

We have decided to adopt this process due to an increased number of funding requests and our desire to be more transparent and strategic. Our Grant Team will be able to compare applications, ensuring that we fund the most promising and well-planned projects that serve critical needs in central Minnesota.

In 2011, the foundation will award over $1 million in grants, $150,000 of which will be awarded through our Innovation Fund and the remainder through restricted grants that require participation in one of our leadership programs. Through the discretionary Innovation Fund, the average grant size will be $5,000 and projects must address at least one of five different criteria.

Instead of reviewing Innovation Fund inquiries and proposals on an ongoing basis, now we will be reviewing and awarding grants only four times throughout the year. More information about the the schedule and process can also be found on our website at www.ifound.org.

If you have questions or concerns, please contact Don Hickman, Senior Program Manager & Grant Team Lead @ 877-632-9255, dhickman@ifound.org.

Looking forward to a healthy and prosperous new year!