Ohio County Community Foundation Inc

How it makes and monitors grants (Schedule I, Part IV)

The foundation has two grant cycles. the first half is april 15th and payment is made in june. the second half is october 15th and payment is in december. outside not-for-profits submit applications to the foundations. all cycle applications are received by the program coordinator. she makes sure that the all applicants meet the appropriate criteria to be considered for a grant. the applications are distributed to the grant committee (7 members) who review the applicants. the grant committee makes recommendations to the board, and the board makes the final decision on who will receive grants. once grants have been awarded by the board, letters are sent to the grantees acknowledging them that they have been selected. next, the foundation sends out grant agreements for the outside organization to sign. an award program is held in june or december (depending on cycle) for the grantee to receive the money. pictures are requested in digital form from each applicant along with their final report. all funds follow the above granting procedures with the exception being donor advised funds. the fund originators make recommendations to the board of directors, rather than the grant committee. the executive director has the authorization to sign grant checks up to $5,000. any grant over $5,000 requires two signatures, and one signature must be the treasurer or the president of the board of directors. all fund statements are generated and reviewed by the executive director before they are