The Community Impact Fund sits at the heart of the Foundation. Built by small and large donations, it is designed to have maximum flexibility in order to respond to changing community needs. The Board of Directors, guided by the Vital Conversations Report, decides on community needs and grants appropriately.
The Board of the Bowen Island Community Foundation will be dedicating funds from its Community Impact Fund to be distributed as yearly grants for community projects that benefit Bowen Island and its residents. The minimum grant amount to be awarded is $2,500 and the maximum amount is $15,000.
The Foundation Grants Committee will consider applications for Community Impact Grants in two stages:
Stage 1: The 500-word grant applications will be received by the Foundation via email at email@example.com no later than midnight on February 15.
After applications are received, the Grants Committee will assess each application for: (1) compliance & eligibility; (2) reasonable chance of success, based on the specific information provided; and (3) likely impact on the community in the short, medium or long term.
Stage 2: During the week of February 25th, the Committee Chair will advise all applicants whether their proposals have been short-listed for further consideration in Stage 2, or not.
Short-listed applicants will be invited to meet with the Grants Committee to provide details of their project (the budget and whether grant monies might be leveraged in some way; the project structure and personnel; timelines), answer the Committee’s questions, and ask any questions of their own.
Prospective recipients will be invited to interview sometime the first and second week of March (dates to be confirmed). The Committee will try to be as flexible as possible; interviews will take place in the late afternoon and evening.
The Foundation will announce the recipients of Community Impact Grants at its Annual Meeting on May 8th, 2020. Knick Knack Nook grant recipients will also be announced that night.