Individuals with an idea to serve the Granite Falls area community have until Tuesday, September 10 to submit a grant application to the Granite Falls Area Community Foundation (GFACF) for support with their endeavor.
Individuals with an idea to serve the Granite Falls area community have until Tuesday, September 10 to submit a grant application to the Granite Falls Area Community Foundation (GFACF) for support with their endeavor.Since its formation in 2009, the GFACF has raised approximately 145,000 in community donations and matching funds for a permanent endowment fund and auxillary funds managed by the Southwest Initiative Foundation (SWIF). Half of the money generated from interest and dividends in the endowment fund is returned to the community through the grant proposal process. With each passing year, the money available for community projects potentially grows in perpetuity.In this, the fourth year of grant submissions, the 10 member GFACF board will look to divvy up $3200 in grants in support of community projects. Last year the five community non-profits––the Granite Falls Historical Society, Lady Slipper Garden Club, Granite Falls Riverfront Revitalization, Granite Arts Council and Bert Raney Elementary––who applied for grants received funding. To date, roughly $5,000 in grant dollars have been distributed. Grants range in size from $100-$500 and are available to 501(c)(3) non-profit organizations, units of government or public agencies. Projects should revolve around community improvement, education, arts, leadership, recreation, youth development, tourism and related areas of interest.Complete grant guidelines and the grant application form are available on the GFACF website www.granitefallsfoundation.org or by contacting Craig Bakkelund at the Granite Falls Bank at 564-2111. Applications must be received at P.O. Box 143, Granite Falls, MN 56241 on or before September 10. Recipients will be announced October 1.The GFACF has had a growing number of people, organizations, and businesses that have made contributions to the foundation as working knowledge of the mission grows. Personal donations have ranged from $10 to $1,000. The Granite Falls Bank and the Southwest Initiative Foundation have each provided $25,000 in matching funds to help encourage more donations. In addition, a $25,000 personal endowment fund has been established by Dave Liz and Reimer.