ORGANIZATIONS ELIGIBLE TO APPLY FOR IMPACT 100 SRQ GRANTS MUST CONFIRM THE ORGANIZATION IS:
Defined as a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code
Organizations serving Sarasota/Manatee counties
Registered with the Florida Division of Corporations as a nonprofit corporation
Registered with the Florida Department of Agriculture and Consumer Services, unless the organization is exempt
PROJECTS ELIGIBLE FOR IMPACT 100 SRQ GRANTS MUST:
Serve residents of and expend funds fully in Sarasota/Manatee counties
Be a new program, expansion of an existing program
Have a total project budget for the full IMPACT 100 grant amount
Expend funds within 24 months of the November award date
Be designated by the applying nonprofit organization for one of the following Focus Areas:
Arts & Culture: Initiatives that cultivate, develop, and enhance the cultural and artistic climate of the Sarasota/Manatee area.
Education: Initiatives that further the educational process or improve access to education for children and/or adults in the Sarasota/Manatee area.
Environment, Recreation & Preservation: Initiatives that will restore, preserve, revitalize or enhance the facilities, surroundings and/or recreational opportunities of the Sarasota/Manatee area.
Family: Initiatives that strengthen and enhance the lives of children and families living in the Sarasota/Manatee area.
Health & Wellness: Initiatives that improve the mental and/or physical well-being of people living in the Sarasota/Manatee area.
IMPACT 100 SRQ WILL NOT PROVIDE GRANTS FOR:
Debt reduction or operational deficits
Applying IMPACT 100 funds to reduce or extinguish existing debt
Using IMPACT 100 funds as operating funds to cover budgeted or non-budgeted shortfalls
General operating expenses or overhead, such as ongoing salaries for existing staff.
The exception to this is the request for items of an operating or overhead nature that are a part of a new or expanded initiative or project to be funded by IMPACT 100. Salaries can be covered by grant funds as long as the salary is paid to someone with significant involvement in the grant initiative. A sustainability plan must be provided.
Grants to individuals
Includes any type of arrangement whereby funds are held temporarily or in perpetuity and not expended within the 24-month period required by IMPACT 100
Includes replenishment of previously existing endowment funds
Interim or bridge funding
Using IMPACT 100 funds as interim financing or in anticipation of financing or of refinancing existing debt
Using IMPACT 100 funds until permanent financing or other funding is received
Partisan, legislative, or political activity
Projects of individual churches, synagogues or other religious institutions will not be funded unless a separate tax-exempt entity that is not under the umbrella of the church, synagogue or other religious institution exists for receiving IMPACT 100 funds
Faith-based projects or programs which require participation in activities of a particular faith, denomination or religion in order to benefit from the project or program
Benefits of the project or program must be available to any person, regardless of religious beliefs or practices
Benefits of the project or program must not be dependent on any person being required to participate in any religious activity, ceremony or service
Capital improvements or renovations to property for the grant project if the organization does not own or have a lease of at least five years
As we continue to grow and evolve, IMPACT 100 SRQ reserves the right to change its eligibility criteria without notice at any time.