Credit Bureau of Baton Rouge Foundation Fund
MISSION The Credit Bureau of Baton Rouge Foundation promotes a better understanding of the consumer credit system and personal money management so everyone can achieve greater success in life. We seek to create an economically competitive and thriving Louisiana where everyone has the opportunity to reach their full potential because they have the tools and skills to achieve their dreams. We support organizations and initiatives in Louisiana that promote self-sufficiency and family and community stability. We are champions for collaboration, innovation and creative solutions that address the challenges facing communities across our state.
FUNDING AREA DESCRIPTION The Foundation has historically made grants in the areas of Financial Literacy, Education, Human Services, Medical and Health, Community Development and the Arts and Humanities. We have a special interest in efforts that promote financial literacy. Through our funding, we seek to advance organizations that value transparency, integrity, accountability and demonstrated impact.
ELIGIBILITY An organization must meet the following requirement to apply for a grant: —The organization, or its fiscal agent, must be tax exempt under Section 501(c)(3) of the Internal Revenue Code. A fiscal agent must submit a letter of agreement.
GEOGRAPHIC RESTRICTIONS Funding is available to support programs and projects in the state of Louisiana.
RESTRICTIONS The Credit Bureau of Baton Rouge Foundation does not make grants to individuals, private business ventures or partisan political organizations. Funding will not be awarded for start up costs for new organizations. Organizations may apply each year for support for the same program for up to three years. Grant awards may range between $2,500 and $50,000.
The Foundation Grantmaking Procedure is as follows:
- Interested parties must submit an application by the published deadlines.
- Grant proposals are submitted to and reviewed by the Grant Review Committees.
- The Committees make recommendations to the Foundation’s Board of Trustees.
- The Foundation’s Board of Trustees acts on the recommendations.
- Applications are notified and, if selected, award checks are issued along with a letter that outlines any restrictions or requirements connected to the grant.
- Grant recipients have sixty (60) days after project completion to provide the Foundation with a final report. This will provide the outcomes and measures of the program to the Foundation.
GRANT APPLICATION DETAILS
Proposal Summary: Every application must include a summary which provides the following information:
- Project name
- Organization’s address
- Organization’s phone number
- Organization’s fax number
- Chief executive officer/senior official
- Senior official’s email address
- Board approved mission statement
- Date mission statement approved by the board
- Date organization incorporated as a 501(c)(3)
- Web page/social media
- Description of the project (no more than 3 sentences)
- Compelling reason for the project
- Amount requested
- Program or project director’s name
- Project director’s phone number
- Project director’s email address
- Target population
- Project area of interest
- Geographic region
- Project start date
- Project end date
Narrative Section: The application should be no longer than three typed pages and should include the following information:
- A concise history of the organization with an overview of current programs and activities
- A description of the challenge to be addressed by the project
- A detailed description of the project, including strategies, measurable objectives and a timetable. Note if the project is a replication of a successful evidenced-based model.
- A plan for continuing the project once the Foundation’s funding ends
- A plan for evaluating the project.
- The names and qualifications of the persons responsible for carrying out the program.
- A detailed project budget and budget narrative, including income sources and expenditures, as well as a list of proposed funders.
- A list of the organization’s board members including the board members’ principal occupations, a description of the term of office and the rotation schedule of the board.
- Financial statements, including the organization’s operation budget, balance sheet and statements of support, revenue and expenses for the last completed and current fiscal year.
- A sign memorandum of understanding with the fiscal agent, if applicable.
- A statement from the organization’s board of directors authorizing the request and agreeing to implement the project if funded.
- A copy of the IRS letter of determination stating that the organization is tax-exempt, or a copy of the organization’s fiscal agent’s letter of determination along with a letter from the organization stating its willingness to serve as fiscal agent.
TYPES OF GRANTS
Capital Grants: Capital grants are made for new construction, major renovation, the purchase of permanent assets and endowments. These grants may cover major equipment costs, such as phone systems, computers, and technology upgrading as well as vans or buses.
Program Grants: Program grants support the direct and operational costs needed to run new programs or projects. Allowable costs may include staff salaries and benefits, supplies, equipment, travel, office leases, utilities and training.