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, decide on community needs and grants appropriately.
The Board of the Bowen Island Community Foundation has approved $35,000 from its Community Impact Fund to be distributed as 2018 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 5:00pm on February 12.
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 first week of March, the Committee Chair will advise State 1 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 are asked to reserve these two dates to provide flexibility for scheduling interviews: March 19 (Mon) and 20 (Tues).
The Foundation will announce the recipients of Community Impact Grants at its Annual Meeting on May 4, 2018. Knick Knack Nook grant recipients will also be announced that night.
The Foundation also draws prospective applicants’ attention to the 2018 Knick Knack Nook Small Grants Program (visit http://www.knickknacknook.org/small-grants-program).
The criteria for those grants are different from the criteria for the Foundation’s Community Impact Grants. However, the Knick Knack Nook applications are also due on February 12, and will be considered by the Foundation Grants Committee and Knick Knack Nook representatives alongside the 2018 Community Impact Grant applications.