Peninsula Community Foundation of Virginia Inc

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

The board of directors must approve all grant & scholarship distributions. organizations that want to be considered for a grant must submit a concept proposal letter, which must contain information about the organization, its mission and its project goals and budgets. the organization's tax determination letter, most recent audited financial statements,operating budget and a list of the current members of the board of directors are documents required with the grant application. site visits and interviews are conducted as warranted. grantees must submit interim & final reports. the list of eligible grantees is approved annually. an independent scholarship selection committee bases scholarship decisions on the completed application packet and evidence of commitment to academic performance, ability, aptitude, standardized test scores (sat and/or act), school and community participation and service, and financial need. scholarship awards are paid directly to the college/university.