Community foundation · EIN 95-6149983
Montecito Community Foundation
Santa Barbara, CA
Montecito Community Foundation is a community foundation based in Santa Barbara, CA. On its Form 990 (Schedule I) for tax year 2024, it reported $75.5K in grants paid across 9 grants, with $1.56M in total assets. Its largest grants went to Friends of Montecito Library, Montecito Family YMCA and Casa Del Herrero.
How to request funding
Community foundations usually run open grant rounds for nonprofits in their area, alongside donor-advised funds that donors direct. Check Montecito Community Foundation's website for current grant opportunities, deadlines and eligibility.
How it makes and monitors grants (Schedule I, Part IV)
The application for a grant will note the intended use of the grant funds. If the Grant Committee recommends approval of the grant and the Board approves it, the check is sent along with a letter. The letter notes the intended use as per the application. Most grants do not have stipulations that require further follow up on the use however, if there are restrictions, then a Trustee follows up with the organization to confirm the funds were used per the requirement. For example, if the grant was for property restoration then the Foundation would complete a review of the property updates once completed. This is tracked by the Grant Committee and updates are provided to the Board.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
The purpose of the Montecito Community Foundation is to support a strong Montecito community and serve as a resource for philanthropy.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Friends of Montecito Library | Montecito, CA | ADA improvements | $15,000 |
| Montecito Family YMCA | Carpinteria, CA | Summer camp funding | $15,000 |
| Casa Del Herrero | Santa Barbara, CA | Pathway project | $10,000 |
| Montecito Association | Santa Barbara, CA | July 4th celebration | $10,000 |
| Montecito Trails Foundation | Santa Barbara, CA | Trail restoration project | $10,000 |
| A to Z Cooking School | Santa Barbara, CA | MUS classes | $7,000 |
The 6 largest of 9 grants listed on the return. 3 grants to individuals ($8.49K) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Montecito Community Foundation accept grant applications?
Community foundations usually run open grant rounds for nonprofits in their area, alongside donor-advised funds that donors direct. Check Montecito Community Foundation's website for current grant opportunities, deadlines and eligibility. Form 990 does not report an application process, so confirm with the organization.
How much does Montecito Community Foundation give each year?
For tax year 2024, it reported $75,490 in grants paid (9 grants). Giving can change from year to year.
What organizations has Montecito Community Foundation funded?
Its largest grants in tax year 2024 went to Friends of Montecito Library (CA), $15K, Montecito Family YMCA (CA), $15K, Casa Del Herrero (CA), $10K, Montecito Association (CA), $10K and Montecito Trails Foundation (CA), $10K.