The Mercer Island Community Fund (MICF) is a public community foundation, exempt from all federal income taxes and gift taxes under Sec. 501(C)(3) of the I.R.S. tax code. The MICF considers applications from organizations for funding that benefits the Mercer Island community in the following categories: (a) Arts and Culture, (b) Environment and Conservation, (c) Community Development, (d) Recreation, (e) Social Service, and (f) Health within the meaning and limitations of Section 501(c)3 of the Internal Revenue Code of 1954, as amended. Priority for funding will be granted to programs that serve the needs of the Mercer Island community at large. Grants are not made for religious purposes, political purposes, or to projects that discriminate against any protected class as defined in RCW 49.60.180.
Applications for grants must be submitted by February 15 to be considered for the April award distribution date. Grants generally range from $500-$5500. The Grants Committee and the Board of Directors meet annually in March to consider grants applications. Grants submitted after February 15 will require special Board approval for funding.
Grants from the Fund may be used to match or supplement other grants, and the Fund will consider supplemental funding to established organizations for special projects not funded by other sources. Initial funding assistance for new organizations and projects will also be considered.
The MICF bylaws require that the recipient acknowledge a grant with a receipt and written account of the how the funds were expended, including an evaluation or measurement of the impact of the grant. A written financial and progress report must be made semi-annually until the grant is expended. Renewal of funding is contingent upon progress and final reports for each grant period.
TO APPLY FOR A GRANT:
Address further questions to:
P.O. Box 751 Mercer Island, WA 98040