The Town of Farragut is currently accepting applications for the 2024-2025 Community Grant.
Donor Name: Town of Farragut
State: Tennessee
County: All Counties
Type of Grant: Grant
Deadline: 03/15/2024
Size of the Grant: Not Available
Grant Duration: 1 Year
Details:
The purpose of this policy is to establish a process for application for, and distribution of, the Town sponsored Community Grant awards. This policy is designed to assist with proper fiscal planning and promulgation of clear guidelines for prospective applicants.
Objectives of Community Grants
Effectively and efficiently utilize funds through a community grant program to:
- Strengthen their community
- Build relationships through partnerships with community organizations to support shared goals
- Encourage collaboration between existing community organizations
- Empower the community to take an active role in improving the quality of life in Farragut
- Foster community involvement and participation
Areas of Funding
There are two (2) areas of funding for which an organization can apply.
- Community Needs Grants are intended to meet specific and identified needs of the Farragut community which provide a substantial benefit with meaningful and measurable results to enhance the welfare and/or public safety of the Farragut community.
- Community Events Grants are provided for non-profit organizations which host events in the Town of Farragut that provide a general community benefit by marketing the Town to tourists, generate additional local sales tax by bringing additional revenue to Farragut business and by providing cultural enrichment to our residents and visitors.
Project Period
The application period for FY2024-2025 (July 2024 – June 2025).
Eligibility Criteria
The following groups are eligible to apply for a community grant from the Town:
- In general, a “nonprofit charitable organization” is one in which (i) no part of the net earnings inures or may lawfully inure to the benefit of any private shareholder or individual and (ii) that provides year-round services benefiting the general welfare of the residents of the Town.
- A “nonprofit civic organization” means a civic organization exempt from taxation pursuant to § 501(c)(4) or (c)(6) of the Internal Revenue Code of 1954, as amended, which operates primarily for the purpose of bringing about civic betterments and social improvements through efforts to maintain and increase employment opportunities in the Town by promoting industry, trade, commerce, tourism and recreation by inducing manufacturing, industrial, governmental, educational, financial, service, commercial, recreational, and agricultural enterprises to locate in or remain in the Town.
- An organization that would otherwise qualify as eligible for a grant of municipal funds pursuant to Tennessee law , may be the type of organization to which it would be improper for separation of church and state principles for the Town to make a grant because it is, or is affiliated with, a religious organization.
- Eligibility does not equate to entitlement. The Town retains the sole discretion to select from eligible applicants which receive grants.
For more information, visit Town of Farragut.