The Board of
Trustees has established a policy of appropriating 5 percent
of the
previous year-end fund balance to the charitable cause for which the
fund is intended to support. Allocations from the Community Foundation's
funds are made by the Board of Trustees, according to the agreement
made between the donor and the Community Foundation.
Grant Distributions:
All requests for
grants from unrestricted funds are first reviewed by the Foundation's
Grants Committee. Recommendations are then presented to the full Board
for consideration and approval.
Allocations and grants are made to tax-exempt,
not-for-profit charitable organizations primarily serving Frederick
County in the areas of education, the arts, health, social services,
and the conservation and preservation of historical and cultural resources.
Distributions from restricted funds are sent annually to the charitable
cause for which the fund was intended.
Grant amounts from unrestricted funds
vary depending upon the nature and needs of the organizations and the
fund’s investment return.
The Community Foundation's annual grantsmaking
process distributes monies from unrestricted endowment funds as well
as several other funds. There is no formal application; however, there
are specific guidelines.
Scholarship Distributions:
Scholarships are awarded annually through
an application and review process with consideration of specific scholarship
fund guidelines.
Since its inception, the Community Foundation
has distributed more than $17 million back to the community.
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