Application Guidelines for Educationally Related Worcester Nonprofit Organizations
The Trustees are guided by Mr. Alden's demonstrated interest in doing good for his community in Worcester, Massachusetts, and his interest in education. Consistent with past practices, the Trustees seek to provide grant support for important and timely efforts in the Worcester community and the educationally related nonprofit organizations that are undertaking them. Some of these grants may be one-time special situations. In all cases, the Trustees look for, and take into account, the educational components of the project and of the requesting organization itself. The organization should contact the Trust before submitting a proposal. The Trust does not fund start-up organizations.
The Trustees focus their grantmaking on capital needs. The Trustees primarily make outright grants, but will issue challenge grants with the goal of helping an organization generate increased and broader philanthropic support from its constituencies.
Interval Between Applications
The current policy, absent exceptional circumstances, is not to consider grant requests more frequently than three years from the date of the last grant or one year from the date of the last payment, whichever is later. An organization whose proposal has been rejected may normally be eligible to apply again after one year.
Schedule of Distribution Meetings
The Trustees consider proposals at four distribution meetings a year. Complete, hard copy proposals for the March, June, September or December meetings must be received by the fifteenth of the month prior to the meeting (e.g., February 15th for the March meeting). Note: The Trust does not accept electronic proposals.
1. A summarizing cover letter, which includes the requested amount, signed by the CEO/ED of the organization. It is expected that the project for which funding is requested is among the organization's highest priorities.
2. The name, telephone number and email address of a contact person
3. The proposal, in brief narrative form, should help the Trustees understand the purposes to be achieved through the grant, the reasons why the proposing organization is capable of achieving those purposes, and specific information about the educational components of the project. In addition, the Trustees want to know how the grant will positively impact the Worcester community and help the organization to fulfill its mission.
4. A project revenue and expense budget and implementation timetable
5. Fundraising goals and success-to-date for the specific project
6. The organization's mission statement
7. A summary of the organization's strategic plan with progress achieved to date, and its key strategic priorities (up to three) going forward
8. If the project is part of a capital campaign, information about the volunteer leadership
Required Organization Information Three-Year Trends in Chart Form
Members/clients with demographic information to the extent available
Program participants with demographic information to the extent available
Board percentage participation rates to capital and/or annual fundraising each year (expected to be 100%)
Capital fundraising (with board, corporator and member participation rates)
Annual fundraising (with board, corporator and member participation rates)
Endowment amount, investment return and annual draw policies and practices
Summaries of the two prior completed fiscal year operating budgets and the current fiscal year board-approved annual operating budget (with explanation, if in deficit)
Copies of the audited financial statements from the three most recently completed fiscal years (e.g., 2018-2017 and 2017-2016) or the financial statements required by the Massachusetts Attorney General's office
List of current trustees, with affiliations
Evidence of appropriate tax-exempt status
Optional: Such other information that the applicant believes may give the Trustees a better understanding of the organization, its distinctive mission, and its specific proposal
Applicants should consult the Trust's FAQ page and are welcome to contact the Trust by telephone or email or make a visit prior to submitting an application. A first-time applicant is encourage to contact the Trust prior to doing so. It is often helpful to explore in advance the nature of the project, the need or opportunity that drives it and the size of the intended request. The Trustees have found that such discussion generally results in the submission of a more effective proposal or forestalls a formal proposal for which there is little or no likelihood of success.
A single copy of the application and attachments is sufficient and should be submitted to:
George I. Alden Trust 370 Main Street, 11th Floor Worcester, Massachusetts 01608