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June 10, 2011

Community Foundation offering grants

The Community Foundation of Unadilla will hold its annual meeting of members at 7 p.m. Tuesday, June 21, at the Unadilla Town Hall on state Route 7 in Unadilla.

The foundation will elect board members and officers as well as disburses money to local organizations.

The Community Foundation of Unadilla has been in existence since 1969, serving Unadilla and the surrounding area through support to projects with the interest from money given for community benefit. Each year the foundation disburses money from various memorial funds, scholarships and trust funds that it manages. The returns from restricted donations are given to organizations specified by the donor.

In addition, grants from unrestricted funds are given to organizations within the community for specific projects. Money given to these projects is derived from member dues and returns on unrestricted funds.

The distribution of this money is decided by the foundation based on need and benefit to the community. All net income from the general fund is devoted to public educational, charitable and benevolent purposes within the community.

The "community" extends in all directions 150 miles from Unadilla. The general fund is dependent upon public support in the form of dues and donations. Last year, more than $40,000 was distributed to local organizations, community and church services and student scholarships.

Organizations that would like to be considered for a foundation grant must submit a letter requesting funding. All details relating to the project/activity should be included in the letter so the directors determine the need for funding and the value to the community.

Requests will be reviewed at the annual meeting on June 21. Requests must be sent by Wednesday to the foundation at the following address: Community Foundation of Unadilla, PO Box 608, Unadilla, NY 13849.

The organization's name and contact information must be included.

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