GRANT FUNDS MUST SUPPORT:
- An existing program with specific program analysis data and outcomes; or
- The expansion of an existing program; or
- Launching a new program; or
- A new or existing collaborative effort between one or more agencies.
FUNDS MAY NOT BE USED FOR:
- General operating expenses
- Debt reduction or operational deficits
- Grants to individuals
- Private foundations
- Endowment funding
- Interim or bridge funding
- Partisan, legislative or political activity
- Projects of religious organizations or bodies of worship
- Annual appeals or fundraising drives, activities, or events
- General capital campaigns unrelated to a specific project
Impact100 Sonoma will fund capital expenditures for an Impact Grant that is directly related to the proposed project or program, but it may not exceed 25% of the project budget requested. Funds must be used as indicated in the project budget as specified in the proposal submitted and are not transferrable to salaries and other operating expenses.
FISCAL AGENTS *:
Impact Grant – A Fiscal Agent may not be used by a nonprofit when applying for an Impact Grant unless the proposed project is a Collaborative Project** involving two or more nonprofits.
Community Grants – A nonprofit with a Fiscal Agent relationship agreement with another nonprofit applying for a Community Grant, is eligible to apply for a separate grant for their organization within the same grant cycle.
* Definition of Fiscal Agent and Associated Guidelines:
An organization that has an established 501(c)(3) status and is willing to manage the grant funds, passing them through to the 501(c)(3) organization (principal) that will carry out the project. Fiscal Agent enters an agreement to accept donations on behalf of a tax-exempt organization that does not meet the financial criteria Impact100 Sonoma has set for receiving a grant, and/or doesn’t have the infrastructure to manage funds and provide the required record- keeping.
The Fiscal Agent in the fiscal agency relationship acts on behalf of the principal — the 501(c)(3) organization that receives the pass- through grant — and has financial control over the donation, but does not have management control over the project the funds are intended to support. The Fiscal Agent acts as the pass-through organization to allow another organization to receive the donation. The principal has an obligation to provide information to the Fiscal Agent so that proper reporting may be made to Impact100 Sonoma. No fees shall be paid to a Fiscal Agent with the grant funds received from Impact100 Sonoma.
** Definition of A Collaborative Project:
A group of nonprofit organizations applying collectively in a collaborative effort where each organization will have the responsibility of managing and contributing to the proposed project in a significant manner. In such a case, one participating nonprofit would need to be identified as the Fiscal Agent, and it would be responsible for the financial management of Impact100 Sonoma grant funds.
Last updated 1-4-2013