GrantExec

Longleaf Fund for Nonprofit Organizations in Alabama

Contact for amount
Closed
AL
Grant Description

The Longleaf Fund, established by The Community Foundation of Northeast Alabama (CFNEA), is designed to create a sustainable pool of charitable dollars to invest in community projects or initiatives within its nine-county region. This unrestricted fund aims to align with the foundation's mission by addressing the constantly changing needs and strengths of the community through strategic investments. It serves as a mechanism for individuals and families to support responsive and impactful local endeavors. The primary target beneficiaries are 501(c)(3) qualified public charities or governmental/state/county agencies operating within Calhoun, Cherokee, Clay, Cleburne, DeKalb, Etowah, Randolph, Saint Clair, and Talladega counties in Alabama. The impact goal is to strengthen these communities by providing financial support for various charitable purposes, fostering growth, and addressing identified needs through a flexible funding approach. The fund prioritizes organizations with a minimum one-year operating history that possess a board-approved strategic plan covering at least 24 months, including a mission statement and measurable objectives. Financially, organizations with revenues over $200,000 must submit an audited financial statement, while those between $50,000 and $199,999 need to submit an audit review or compilation. Organizations with operating budgets below $50,000 are exempt from audited documents. These requirements ensure that grants are directed towards well-established and accountable organizations. Expected outcomes include the successful implementation of diverse community projects or initiatives across the nine-county region, leading to tangible improvements in various charitable areas. Measurable results will likely be derived from the strategic goals and objectives outlined in the grantee organizations' plans, as well as the impact reported in their final grant reports. The grant duration for supported activities is one year, with awards ranging from $1,000 to $10,000. For awards over $3,000, 100% of the amount is disbursed upon signing the grant agreement, facilitating immediate project commencement.

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 thatmeetthefollowing 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 organizationโ€™s entire currentfiscal year and the following: โ€ข Mission statement; โ€ข Strategic goals andmeasurableobjectives. 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 operatingbudget of $50,000.00 and below do not have to submit any audited 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 particular fund 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

August 6, 2024

Application Closes

August 15, 2024

Contact Information

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