Community Foundation MovesTimeline Forward For Little Swiss Fund
In a press release dated May 27th , The Community Foundation of Harrisonburg and Rockingham County announced that it would accelerate the timeline for 2020 grants from the Little Swiss Fund.
The Little Swiss Fund is permanently endowed, and grants from the fund are normally distributed each November, to benefit 501(c)(3) nonprofit organizations in Highland County, Virginia.
The annual distribution was in 2018 was $53,213 and in 2019 was $136,855. The distribution is 4% of a five-year average of the fund’s balance. The 2020 distribution will likely provide over $175,000 to Highland County 501(c)(3) charitable organizations, and in time, the annual distribution will grow to exceed $400,000.
The press release went on to say, “With the cancellation of the annual Highland County Maple Festival and the resulting revenue shortfall, The Community Foundation recognizes the strain nonprofits are experiencing. Due to the extraordinary environment created by the COVID-19 crisis this year, grant funds are available earlier. Deadline for the 2020 Little Swiss Fund grant application is now September 1. A committee of The Community Foundation will review applications and award grants by September 30.”
The Community Foundation distributes grants from the Little Swiss Fund to 501(c) (3) tax-exempt organizations in Highland County. Nonprofits with broad active volunteer support and annual revenues exceeding $25,000 are encouraged to apply for grant funding through an application process. Organizations must receive less than half their income from government entities to be eligible. Religious organizations may apply.
Access to the application for funding is available on The Community Foundation’s website, http://www.tcfhr.org/nonprofit-organizations/grants-available/ . The link can be found with this story on our website.
For more information, contact Ann Siciliano at 540-432-3863 or ann@tcfhr.org.
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