The GOLDEN SUN FOUNDATION makes grants to assist organizations that work in the areas of health, human services, and education. The Foundation gives highest priority to activities that provide greater access to people who are economically disadvantaged and underserved. Of particular interest to the Foundation are applications that specifically address the needs of low-income children and youth, older adults, and people affected by disabilities and homelessness. The Foundation also funds activities that benefit the general community and improve the quality of life for the global community.
Grant Application requirements is that
an
organization that is certified as tax exempt under Section 501(c) (3)
of the U.S. Internal Revenue Code and is not a private foundation as
defined in section 509(a) of that Code is eligible for consideration.
The Foundation does not fund Section 509(a) (3) Type III
non-functionally integrated supporting organizations.
Audited financial
statements for the most recently completed fiscal
year are required of all organizations in existence for more than five
years and with operating income of $500,000 or more. Organizations with
annual income under $500,000 or agencies founded within the last five
years must submit an independent review of their financial statements,
completed by a CPA. Small Grant applicants that cannot meet the
financial documentation requirements may be eligible for a one-time
exemption on a case-by-case basis upon review of the full application.
The
level of Board engagement and financial support are important
factors that are considered during the review process of all
applications.
TYPES OF SUPPORT: Core support is unrestricted funding that enables an organization to carry out its mission. It can be used to underwrite administrative infrastructure and/or to maintain core programs and essential staff. Most core support grants are awarded over a two-year period. Capital support is for specific projects with capital expenditures. Funding is available to support land, facility, equipment purchases, renovations, or new construction. Structure support is for new or enhanced activities aimed at strengthening an organization’s programmatic and/or administrative capacity. Projects must evidence a credible plan for sustaining costs. Program is for new, expansion or enhancement program requests. Projects must evidence a viable fundraising and sustainability plan.
DURATION OF GRANTS: Foundation grants
are awarded for the period of time
necessary to complete the proposed outcomes, with most grants ranging
between one and two years. Core support grants are generally made for a
two-year period.
Generally, grantees must wait one year from
the end of their grant period before being able to re-apply for a new
Foundation grant. Please note that the Foundation generally does not
approve grants to organizations on a continuing annual basis.
FUNDING AMOUNTS:
While requests are reviewed
on a case-by-case basis, applicants should note that as a general
practice, the Foundation does not fund the total cost of a capital,
program, or capacity building budget. Requests should be proportional
to the amount of the specific capital, program, or capacity building
budget, and in the case of core support, the size of the agency’s
operating budget.
Applicants should request a grant amount
that is consistent with a thoughtful and sustainable fund raising
strategy. The information below is intended to provide general
guidance. Based on individual circumstances, the Foundation’s Board of
Directors will use flexibility and apply individual judgment to each
request.
Board of Trustees
EDWARD LIEBERMAN
