Capital Project Grants

A capital project is designed to improve the physical assets of an organization.

The Foundation makes Capital Project grants only to organizations that are classified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code and as public charities under Section 509(a) of that Code. The Foundation uses its resources for charitable endeavors that advance the well-being of people and institutions located in Shelby, Fayette, and Tipton Counties in Tennessee; Crittenden County, Arkansas; and Desoto County, Mississippi. The Foundation is not allowed to make grants to individuals or to for-profit organizations.

Typical capital projects include:

• Building: new construction, addition to existing facility, or renovation
• Technology: Information Management System installation/upgrade, computer hardware, audio-visual equipment/systems
• Furnishings/equipment

Proposals requesting grants for Capital Projects should:

• Demonstrate that the project is necessary to fulfill the mission of the organization and conduct its programs, and is part of a long-range plan for the organization;
• Serve a broad segment of the greater Memphis area;
• Enhance or improve the organization’s ability to meet the needs of those it serves;
• Provide a detailed, itemized capital project budget;
• Demonstrate a diversification of funding sources, including agency and
  board contributions, public appeals, grants, and loans;
• Provide a project time-line/schedule that includes start date of capital campaign, expected duration of the campaign, plans for additional funding if needed, and date that the actual construction/renovation will begin;
• Explain the impact that the project will have on the agency’s ongoing operating budget;
• Include a method to evaluate the success of the campaign. For example, Will the success of the campaign be based upon reaching the goal, finishing the project on schedule, or increasing services provided as a result of the campaign?
• Have raised in cash or pledges at least 50% of the capital campaign total;
• Have leveraged other support.

Some or all of a grant for a capital project may be made on a matching/challenge basis. The terms of the match will be determined on a caseby- case basis, in partnership with the grantee.

Payment of Capital Project Grants

Typically, payment of capital project grants is made when the organization begins the construction/renovation. Specific terms and schedule of payments will be based upon the scope of the project, amount of award, duration of the project, and completion of required reporting at appropriate intervals.

Click here to apply ONLINE

Click Here to Return to Your My Account Page

OR

Click here for Grant Application Process and Forms