From the total amount available for distribution each year the Board of Directors shall determine the amounts necessary to meet any annual and/or multi-year commitments in effect or agreed to by the CCDA. The remainder shall be allocated to the two funding pools Spring & Fall in amounts determined by the Board. Any funds not awarded or claimed in either pool shall revert to the General Fund, where they are subject to later re-allocation or re-direction as the Board determines proper.
D. Semi-Annual Grant Pools
Funds allocated to the Semi-Annual Grant Pools (Spring & Fall) may be awarded, subject to a matching funds requirement, to qualified organizations up to $75,000. Any organizations, which are awarded funds from the Semi-Annual Grant Pools shall be required to obtain, from sources other than CCDA, funds for the organization’s specific project equal to 25% of the total project cost. In determining whether an organization meets this matching funds requirement, in-kind contributions of labor or land toward the specific grant shall not qualify toward the 25%. In-kind material contributions will qualify.
E. Residual Amounts
Any funds that are awarded as grants from the Spring or Fall Grant Pools, and which are not distributed on or before the monthly Association meeting one year from the funding announcement dates, shall revert to the general fund for reallocation.
F. Governmental Support
Projects requiring commitment from a governmental body must receive that commitment prior to applying for funding from the CCDA. Written evidence of formal approval of the governing body in the form of a resolution or minutes with an approved motion to commit the funds to the project must be attached to the application.
G. Limitations on Number of Applications and Grants Awarded
- Qualified organizations may submit up to 2 (two) applications for each semi-annual grant pool. This limit includes applications the qualified organization submits on its own behalf as well as grant applications submitted on behalf of other qualified organizations.
- The maximum number of grants that can be open (funds remaining to be reimbursed) shall be two open grants at any one time.
- The CCDA Board of Directors will in all cases refer to and cross-reference the Employer Identification Number (EIN) of the IRS recognized tax exempt organization in determining eligibility of an organization.
- An organization covered by an IRS-issued Group Exemption Number. Grants for either Semi-Annual Grant Pools made by an applicant organization on behalf of another IRS recognized not-for profit organization shall be required to affirm that the applicant is not withholding any portion of a grant award for administrative fees, marketing, or any other purpose not clearly itemized in the financial information of the application. The application shall clearly separate and state the amounts and sources of additional funding for the project that is available from both organizations in answer to that question on the application. In addition, the applicant shall provide the following: