Grants

The Perry's Foundation, Inc.

Information for Grant Applicants

The Perry's Foundation (LFCPF) supports nonprofit organizations and religious groups that build philanthropy and promote racial, social, and economic equity in the Olney, TX and in surrounding communities within a 50-mile radius.

• Community, Economic, Leadership, and Youth Development
• Education (Early childhood to Adult)
• Social Entrepreneurship
• Children/youth and Family services
• Healthcare
• Religion

All Ethnicities/Races, All Ages, Children/youth, Ministries/Religious Groups

North Texas within a 50-mile radius of Olney, TX

• General operating and Continuing Support.
• Program/Project Support.
• Leadership/Management Development.
• Capacity Building.
• Matching/Challenge Support.

Annual report, Financial Summaries/990-PF, Olney Enterprise Newspaper

Prospective grant applicants should download the Grant Proposal Summary sheet from www.LFCPF.org. Applicants should email the completed Grant Proposal Summary to info@LFCPF.org. After review, we will advise if we are interested in reviewing a full grant application.

LFPCF staff will contact applicants who submitted the Grant Proposal Summary form to invite the applicant to submit a formal grant request. Applicants must complete and submit a typed copy of the full grant application that includes the following information:

• Proposal Summary
• Grant Narrative
• Program/Project Budget
• Attachments

Visit www.LFCPF.org for grant application guidelines and the required grant application form.

For information about grant guidelines and deadlines please call 940.227.4362.

After the grant application period closes, the executive director will review grant applications and supporting documentation in the order of receipt, which will occur at the end of the application period.

The executive director will meet with the board president to determine if the applicants meet the basic eligibility requirements. The applicants who don’t meet the basic requirements will be notified via e-mail. The applicants who meet the basic requirements will be forwarded to the selection committee (appointed board members) for review.

The selection committee will make a unanimous decision on the applicants who will receive grants. LFCPF will place the greatest emphasis on grantees who demonstrate the greatest financial need and who makes the greatest impact on the community.

The Perry's Foundation Board of Directors and the Selection Committee will make a public announcement quarterly. The board and committee will post an announcement as follows:

• Olney Enterprise Newspaper
• On the website: www.LFandCarlaPerryFoundation.org OR www.LFCPF.org
• PSAs and press releases submitted to local radio and television stations

Within six to eight weeks after receipt of the full grant application

Family members of the Perry Board of Directors and Grant Awards Selection Committee are ineligible for grants and scholarships. The members will be asked to confirm their familial status with the applicants and the attestation will be documented in the minutes.

If the grant is awarded, LFCPF will authorize the release of funds payable directly to the organization at the beginning of the program/project. At the discretion of the board, LFCPF may elect to pay half of the requested funds to start the program/project. Halfway through the process, the organization will be required to submit an interim report. After review, the foundation will award the second installment. At the end of the program/project, the organization is required to submit a final report.

The Perry's Foundation requires grantees to submit fiscal accounting and narrative reports on the use of the grant and the impact the grant may have had on the community it serves. Therefore, the selection committee requests an interim report midway through the program/project, and a final report after the completion of the program/project. Reporting guidelines will be established in the award notification letter.

Grantees must agree to use the funds for the purposes noted in the proposal. Grantees will be required to submit an interim report and a final report upon completion of the project.

ATTACHMENTS CHECKLIST

• Budget narrative
• Program Budget Worksheet
• Income sources and expenditures
• List of other requests for funding, including those pending or approved.

• Annual Operating budget including budgeted amount & actual amount spent
• Balance Sheets/Cash Flow Statements
• Statements of support, revenue & expenses for the prior & current fiscal year
• Most recent copy of the organization’s 990 Form

• The board members’ contact information & principal occupations
• A description of the term of office and the rotation schedule for the board.

• Authorization of the grant request (See attached Board Resolution Form)
• Agreement to implement the project if funded (See attached Agreement)

• Brochures, etc.

Applicants should submit their completed proposal and supporting materials to:

The Perry's Foundation, Inc.
Board of Directors
C/O Ronni Walker
213 E. Main Street
Olney, TX 76374

We must receive grant requests by 5:00 p.m. on or before the deadline date. If the deadline falls on a weekend or holiday, requests are due on the weekday immediately preceding that weekend or holiday.

March 1, June 1, September 1, December 1

March 31, June 30, September 30, December 15