Capital Project Grant
A Community grant in the form of a Capital Project grant must meet the following guidelines to be eligible for consideration:
- Projects that feature a distinctive significance in one of the following areas:
- A widespread or high percentage community use.
- A youth orientation that contributes to the development of leadership and character.
- An historic importance as well as a future use that continues to benefit the community.
- A positive contribution to the local economy.
- A meaningful contribution to enhance the quality of the environment.
- Participation by multiple donors.
- Matching if it is useful leverage for the applicant to raise additional funds and reasonably structured for the project to succeed.
- Sustainability in the form of a replacement reserve policy and model as well as a mechanism in place to assure future daily maintenance.
The Sherwood Trust will review the following aspects of a Capital Project grant proposal:
- General Contractor.
- Construction budget based on bids.
- Project Manager.
- Plans and specifications.
- Construction time-line.
- Disbursement procedures.
Frequent grant proposals are discouraged. There should be at least two intervening years between grant proposals from an applicant. There should be at least five intervening years between grant proposals from a tax-supported institution. |
