Legacy Foundation Inc Grants

Supports programmatic and operational needs of nonprofits that experienced documented financial loss from federal or state funding reductions, contract terminations or policy changes: sustaining essential services, addressing urgent operational needs, and strengthening capacity through planning, consulting, legal or other supporting services. Legacy is committing up to $600,000 over two years; up to $300,000 available beginning February 1 until all funds are awarded. Organizations may request up to 25% of documented financial loss; up to $40,000 may be awarded per organization in a rolling 12-month period. Applications reviewed monthly; notification within 30 days following the month of submission. Eligible applicants: Must be a 501(c)(3) nonprofit organization serving Lake County, Indiana residents.; Governmental agencies, schools, and educational institutions are not eligible to apply.; Must demonstrate a documented financial loss directly resulting from federal or state cuts or contract terminations.; Organizations may request funding up to 25% of their documented financial loss; up to $40,000 may be awarded per organization in a rolling 12-month period.; Organizations may apply multiple times during the 12-month rolling period.; Funds cannot be used to support capital projects.; Organizations that have received other Legacy Foundation grants, such as Transform Lake County, are eligible to apply.; Priority will be given to organizations that demonstrate a healthy balance sheet prior to cuts, without significant surplus or debt.; Applications will be evaluated based on community impact, financial need, and sustainability of the organization.; Applicants must submit supporting evidence of financial loss, including one or more of: copies of canceled contracts or termination notices; documentation of cuts from government agencies; financial statements reflecting pre- and post-loss operating budgets.; Grantees are required to submit a grant application via the online grant application portal.; Grants committee members may not assist applicants; personal solicitations to grants committee members or Board of Directors are prohibited and may result in disqualification.; Organizations with a pending 501(c)(3) status are not eligible to apply.; Grantees must submit a final grant evaluation report; grantees with overdue reports will not be eligible for future grants until in compliance.; Board meets at least four times per year with a majority in attendance; has a minimum of 5 voting officers including a President, Secretary, and Treasurer; approves an annual budget; reviews financial reports at least quarterly; treasurer (or someone not involved in transactions) signs off on monthly expenditures; and has a conflict of interest policy.; The organization is in compliance with all requirements of the IRS and the Indiana Secretary of State.; Programs must be open to all without discrimination, including all people within any targeted population.. Geography served: Lake County, Indiana. Deadline: Applications will be accepted on a rolling basis until funds are fully expended..