Grant Application Instructions
The Corinthian Sailing Foundation awards grants that further its stated mission. Projects and organizations whose purpose falls outside the scope of the Foundation’s mission shall not be considered.
The Corinthian Sailing Foundation maintains a preference for project and general support grants. Annual donation drives are disfavored, although the Foundation may approve annual donations when it is deemed in the best interests of the Foundation.
The Foundation may authorize expenditure responsibility grants in appropriate circumstances. In such instances, a member of the board of directors will be chosen to act as a Foundation liaison with the grantee and will monitor the grantee’s use of funds on a regular basis to ensure compliance with all state and federal laws.
Foundation grants are generally <$10,000, reflecting the Foundation’s limited financial resources. The Foundation encourages grantees to use Foundation grants as leverage in gaining additional support.
Application Requirements
The Foundation will review all solicited and unsolicited applications submitted in proper form. Applicants may submit grant requests to the Foundation at any time. The Foundation will acknowledge receipt of all applications in a timely manner.
The Application should be in the form of a letter (five pages maximum) that provides:
Summary of the applicant organization’s history, programs and goals;
Concise statement of the purpose of the request;
Budget for the program or organization, an indication of other prospective funding sources and the amount requested of each, and a statement of the sponsoring organization’s total budget and financial position;
The identity and qualifications of key personnel;
List of current members of the applicant’s governing body; and
Statement to the effect that the application has been reviewed by the applicant’s governing body and specifically approved for submission to the Foundation.
In addition, all applications must include documentation of the applicant’s federal tax-exempt status.
Application Dates
All grant requests must be submitted by April 1. Grant requests will be reviewed by the Board and recipients will be notified by the end of April.
Submit Completed Applications To:
By email:
Patrick Donegan, President
board@corinthianfoundation.org
OR by mail:
Corinthian Sailing Foundation
Attn: Application Review Committee
One Nahant Street
P.O. Box 401
Marblehead, MA 01945
Application Review and Evaluation
The Foundation maintains an Application Review Committee charged with conducting an initial screening of all grant applications. The Application Review Committee determines whether or not an application fall within the Foundation’s scope of interest. Applicants that do not meet initial screening criteria will be notified of that decision in a timely fashion.
Applications that do meet initial screening criteria will be evaluated more thoroughly and the Application Review Committee may request additional information from the applicant. A site visit or meeting may also be scheduled. Applicants, at the discretion of the Application Review Committee, may also be invited to present and defend their application before the board.
The Foundation reviews qualifying applications at its annual grant review meeting in April of each year.
Reporting Requirements
At the termination of the grant year, a frank project assessment in narrative form and a financial report are required from each grantee. In some instances, interim reports may be requested. Subsequent applications for funding will be considered only if all necessary reports have been submitted to the Foundation in a timely manner.