Funding Guidelines
Award amounts are determined based on the applicant’s Adjusted Gross Income (AGI) - with any non-cash business expenses added back. Households with an AGI below $60,000 are eligible to receive an award covering 60% of the program cost. Those with an AGI between $60,001 and $120,000 may receive 30% of the program cost. Applicants with an AGI between $120,001 and $180,000 are eligible for 15% of the program cost. Households with an AGI above $180,001 are not eligible for funding. Individual award amounts not to exceed $4,000.
Merit based support is awarded regardless of income for elite level athletes based on athletic performance and/or costs associated with travel required to compete on the global stage. Merit based awards are recommended by Competition Center coaches, separate from this application process.
Grand Foundation staff is available to assist with completing the application. Please do not hesitate to contact us for any questions or help: info@grandfoundation.com or call 970-887-3111 Ext. 2.
- Any awarded funding is paid directly from the Fund to the organization providing the program and/or services. The Fund cannot pay individuals directly.
- If an applicant receives duplicate funding for a request, the Fund monies must be returned.
- The Fund will accept applications up to twice per year per athlete, once for summer programs and once for winter programs.
- Requests for programs already completed will not be considered for funding. (The Fund cannot reimburse for fees or programs.)
- The advisory committee will make a decision upon completion of committee meetings and all applicants will be notified of funding decisions. Any changes to the approved grant request must be discussed and reviewed with the committee prior to any use of granted funds. Notifications of approvals and/or declines will be given within a month of the application deadline.
- The committee looks for commitment from either the parents and/or guardians for a portion of the total cost of the program being supported. Total program cost submitted must EXCLUDE the parent volunteer work deposit and reflect tuition less any discounts or other funding received.
- Requests not following the Application Requirements and Fund Guidelines will not be considered for funding.
- Applications and Data are confidential and only reviewed by the Grand Foundation. All financial information is shredded following a grant cycle.