Limitations and Restrictions on Grants
The Lennox Foundation’s support will be provided to those organizations classified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code of 1986 (but not to private foundations, as described in Section 509(a) of the Internal Revenue Code). The support of the Lennox Foundation for a particular purpose may be premised upon grant matching by supporters of the recipient organization.
In order to make significant contributions to those categories of its support described earlier, the Lennox Foundation will not contribute to:
No monetary limits are imposed on any particular grant, but the Lennox Foundation anticipates that from time to time it will implement limits on both the amount of grants and the number of grants available to a particular recipient. The Lennox Foundation anticipates that grant possibilities it may consider will far exceed its annual capacity to make grants. Consequently, it implements strict selectivity in providing its funds for those public causes it deems most worthy.
Information to Include in Your Request:
Your grant application contains the minimum necessary elements if all of the items on this checklist have been included in your request:
___ name and address of organization
___ name of contact person, title or position, telephone number, email address, and mailing address
___ names of current officers and directors
___ copy of IRC §501(c)(3) determination letter received from the Internal Revenue Service
___ written verification signed by an authorized representative that the IRC §501(c)(3) status remains in full effect
___ description of organization requesting grant – the mission, history, goals, and achievements of the organization
___ description of project or program that is the subject of the grant request – purpose and goals of the request and information regarding geographic area and population to be benefited.
___ specific dollar amount requested
___ total cost and budget for the project or program including supporting information for the grant request such as bids, proposals, invoices, and/or projections, etc.
___ information regarding other funding already obtained for the project, amounts pledged, and other sources being solicited for funding
___ information concerning the duration of the project or program
___ current financial information of the requesting organization
___ Financial statements and a copy of the most recent IRS Form 990 as filed with the Internal Revenue Service.
*All organizations receiving a grant from the Martha, David and Bagby Lennox Foundation will be required to enter into a Grant Agreement outlining the conditions under which the grant will be awarded. No grant is awarded to any organization declining to enter into this binding agreement. That agreement will require a return of grant funds if the project is not completed according to the recipient’s commitment.
Each organization that receives a grant in one year must, by October 31 of the next year, provide a Final Report concerning the use of the grant that provides, at a minimum, the following information:
___ name of organization
___ total grant amount received and date received
___ list of expenditures
___ explanation, if applicable, for any grant funds used for a purpose other than that stated in the Grant Agreement
___ positive/negative results in connection with the project or program for which funds were granted
___ written certification by an authorized representative that the recipient organization remained categorized as a non-profit charitable organization
under IRC §501(c)(3) for the duration of the grant year
*Failure to provide this Final Report may negatively impact the ability of an organization to be considered for grants in subsequent years.
© 2017 Martha, David & Bagby Lennox Foundation