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Farley Moody Galbraith Fund

Contact for amount
Closed
AL
Grant Description

The Community Foundation of Northeast Alabama (CFNEA) is offering grants through its Farley Moody Galbraith Fund (FMGF) to 501(c)(3) qualified public charities operating within CFNEA’s nine-county region. The fund's purpose is to address a broad spectrum of charitable needs, aligning with Mrs. Galbraith's historical philanthropic focus on needy children, disadvantaged youth, and the arts. This grant program is a key component of CFNEA's mission to foster charitable support and improve the well-being of communities in Northeast Alabama by leveraging donor legacies to meet current needs. The FMGF primarily targets organizations dedicated to serving needy children, disadvantaged youth, and promoting the arts within Calhoun, Cherokee, Clay, Cleburne, DeKalb, Etowah, Randolph, Saint Clair, and Talladega counties in Alabama. The impact goals are to provide essential resources and support to vulnerable populations and to enrich the cultural landscape of the region. By focusing on these specific areas, CFNEA aims to create a tangible difference in the lives of individuals and the vitality of local communities. The program prioritizes organizations that demonstrate a strong operational history and strategic planning. Eligible applicants must be 501(c)(3) not-for-profits or governmental/state agencies with a minimum one-year operating history and a board-approved strategic plan covering at least 24 months, including a mission statement, strategic goals, and measurable objectives. Financial transparency is also key, with revenue-based requirements for submitting audited financial statements, review, or compilation. These criteria ensure that grants are awarded to stable and well-managed organizations capable of effectively utilizing funds. Expected outcomes include improved conditions for needy children and disadvantaged youth, as well as enhanced access to and participation in arts programs. Grant awards, ranging from $1,000 to $10,000, are designed to support activities for one year, with awards under $3,000 receiving 100% upfront upon agreement. This structure allows for timely implementation of projects and a clear timeframe for assessing results. The Foundation's theory of change is rooted in the belief that by investing in established, strategically-aligned organizations addressing critical community needs, it can foster sustainable positive change and uphold the charitable intentions of its donors.

Funding Details

Award Range

Not specified - Not specified

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Nonprofits

Additional Requirements

Organizations thatmeetthe following requirementsare eligible to apply for a grant. All five (5)requirementsmust be met. 1. Organizations classified by the U.S. Internal Revenue Service under Section 501(c)(3) of the I.R.S. code as a not-for-profit, tax-exempt organization, donations which are deductible as charitable contributionsor a governmental/state or county agency; 2. Organizations with a minimumone-year operatinghistory afterthe date of receipt of its 501 (c)(3)classification; 3. Organization must have a board approved current written strategic plan for the whole organization that covers at least 24 months which includesthe organization’s entire currentfiscal year and the following: • Mission statement; • Strategic goals andmeasurable objectives. 4. Organizations with revenues over $200,000.00 must submit an audited financial statement for a complete fiscal year. Organizations with an operating budget between $50,000.00- $199,999.00 must submit the most recent audit review or compilation. Organizations with an operating budget of $50,000.00 and below do not have to submit anyaudited documents. 5. Eligible organizations are invited to apply for a grantfrom any fund of the Foundation accepting applications (both grant cycles) as long as you do not have an open grant with the particularfund you wish to apply to.

Geographic Eligibility

Calhoun County (AL), Cherokee County (AL), Clay County (AL), Cleburne County (AL), DeKalb County (AL), Etowah County (AL), Randolph County (AL), Saint Clair County (AL), Talladega County (AL)

Key Dates

Application Opens

Not specified

Application Closes

September 15, 2024

Contact Information

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Categories
Education
Recreation
Youth
Arts
Infrastructure