Special Funds

Background
The League of Women Voters of Corvallis (LWVC) holds unrestricted memorial funds in honor of long-time members Kay Dick (’93) and Grace Phinney (’95). In addition, LWVC has invested surplus funds in these accounts which are held in money market funds, CDs and mutual funds in the name of the League of Women Voters of Corvallis. At the annual meeting of the LWVC in May, 2008 members approved guidelines and specific criteria for expenditures from these accounts

Application Process
Applications requesting special funds must be submitted 60 days prior to an event or release of funds. Applications are submitted to the LWVC President who forwards them to the Review Committee. Proposals must answer all the questions on the LWVC Special Fund Grant Application form and meet the approved expenditure guidelines and criteria below. Maximum grant is $2500.  The identified Project Chair must be a LWVC member. Availability of grants will be announced in the LWVC Newsletter and at LWVC general and committee meetings.

Special Fund Expenditure Guidelines:
LWVC special funds will be expended on projects, programs and services that

  • are consistent with the League’s primary missions of education and advocacy,
  • are related to local issues,
  • take advantage of LWVC’s unique capabilities, and
  • strengthen LWVC.

Specific criteria and policies for spending funds on special programs, project and services are:

  • Funds will only be expended for LWVC.  Although other groups will not be funded, LWVC encourages partnerships with other entities in implementing projects.  Such partner organizations generally should be non-profits, based in Benton County with a project mission related to League programs and/or positions.
  • Activities must be consistent with League’s mission of education and advocacy.
  • Consideration by the Review Committee should be given to balancing funds between education and advocacy.
  • Activities should motivate current members and encourage new members to participate.
  • Activities should strengthen LWVC, including developing leadership capability.
  • Every proposal must have a committed project leader and committee, a work plan and a budget.
  • Projects should not duplicate or replicate existing efforts, but should address unmet needs.
  • Activities should support LWVC, local, state or national positions.
  • It is the responsibility of the LWVC budget committee to determine the amount of monies available for upcoming projects and the amount of reserves necessary on a yearly basis as part of the annual budget process.  This should be determined prior to each application cycle.
  • A standing committee for review of projects shall be appointed by the Board of Directors.  The Review Committee shall follow the guidelines and criteria approved by the general membership, the budgeted amount allocated, and refer their recommendations to the Board for approval.

Application Form (MS Word doc or PDF)

 

APPROVED by the LWVC Board, 11/09