The Cambridge Foundation makes contributions to organizations with tax-exempt status under Section 501(c) (3) of the U.S. Internal Revenue Code. Organizations must have broad community support and address specific community needs while demonstrating fiscal and administrative responsibility. Most grants are single year awards, and the Cambridge Foundation Board generally requires a final report from the grantees summarizing the use of funds.
Today, the Cambridge Foundation Board may give preference to grant requests related to the six county areas that are home to the majority of home office associates commuting daily into the corporate campus. This includes communities in the following counties: Jefferson, Keokuk, Henry, Van Buren, Wapello, and Washington. Grant requests focused on communities outside this preferred region are considered on a case-by-case basis.
It bears repeating that our Cambridge Foundation Board is focused on our beliefs that culture counts, values matter most, and by working together, we will make a positive difference in our communities. Vitality is important, and we firmly believe that stronger communities are catalysts to healthier economies and happier people.
The Cambridge Foundation program also includes the Matching Gifts and Dollars for Volunteers programs which provide a funding match to qualified requests from Cambridge’s home office associates and independent financial advisors. In essence, these annual programs enable the extended family of associates and advisors to direct program funding to the non-profit efforts they support with their personal dollars and volunteer time.
While grant request/applications are accepted on an ongoing basis, the Cambridge Foundation Board meets quarterly to review and finalize grant awards. Awards are subject to fund availability and grantee organizations are encouraged to complete and submit grant applications as early as possible in a calendar year. Cambridge Foundation grant awards are limited to one per year, per grantee organization.
The typical annual schedule for the Cambridge Foundation is based on a quarterly review with grant request submission deadlines of March 1, June 1, September 1, and November 1 as follows:
|Applications Complete and Received By||Review Process||Final Award Decisions|
|March 1||March 15||April 1|
|June 1||June 15||July 1|
|September 1||September 15||October 1|
|November 1||November 15||December 1|
Generally, no grant awards are made until the end of March in any given year and any grant applications received after November 1 will be considered for the following year (and be included in the following March review cycle).
Requests for grants generally exceed limited funding, and we are unable to grant many requests. Please note a decision to approve or pass over a grant proposal is not intended to reflect on the merits of the request or the value of the effort. The Cambridge Foundation Board makes a reasonable effort to verify that the information provided in a grant application is accurate and up to date, but makes no representation as to the accuracy or completeness of information provided by third-party charities for our use in considering grant requests. The Overview of Guidelines for Grant Requests is intended as a summary of the typical assessment criteria observed in reviewing grant applications, but we reserve the right to amend or adjust guidelines and funding preferences at any time. The Cambridge Foundation Board and any other parties involved in creating and delivering these guidelines and approving or passing over grant requests are not liable for any loss or damages arising from use of these guidelines or grant award decisions. V.CIR.0719-2851