GENERAL POLICY:

The objective of the Homer A. and Mildred S. Scott Foundation is to provide charitable grants to worthy tax-exempt organizations that exclusively carry on religious, charitable, scientific, literary, or educational activities. Grants will be made only to organizations that are tax-exempt as defined in Section 501(c)(3) of the Internal Revenue Code and which are not private foundations as defined in Section 509 of the Code. Grant proposals for endowment funds; capital campaigns; support of elementary and secondary schools; needs of individual churches and similar religious groups; and needs of normally tax-supported public facilities will not be given funding priority. The Foundation will not grant to individuals, private for-profit businesses, or private non-operating foundations. Grants are awarded on a matching fund basis in order to encourage broad support. Equal matching (1:1) is required of organizations that are not tax-supported. That is, for every dollar the Foundation awards, the grantee is required to secure a dollar from the same project from another funding source. For organizations that are tax-supported, the required matching is 3:1. Primary consideration will be given to organizations which are not tax-supported. While it is not a prerequisite for submitting a grant proposal, applicants are highly encouraged to develop other sources of support prior to approaching the Foundation for funding. Other support is a positive factor, signifying an applicant’s commitment and diligence in pursuing broad-based assistance. Preference will be given to organizations which will use the grant monies within a 30-mile radius of Sheridan, Wyoming, and other communities where the Scott Family has a presence. Organizations whose grant proposal is declined may not resubmit a proposal for the same project for one calendar year from the declination date. No more than two grant proposals from the same organization shall be considered during the Foundation’s fiscal year (March 1 – February 28). It is customary for a Foundation representative to conduct a site visit to funded projects to talk with project managers and to view activity first-hand. Site visits allow the Foundation to develop a greater understanding of the work of our non-profit partners and to evaluate the effectiveness of our grant-making. Grantees are required to submit a final report of project activity and a final financial report by December 31 of the year in which they receive grant monies or by the end of the project year. If the grant is multi-year, yearly interim reports as well as a final report are required.