About the CRF
Does your not-for-profit organization have a great idea for an innovative project, but you just don’t know where you’ll get the funding? Willy Street Grocery Co-op (WSGC) and its Board of Directors are pleased to announce that we will again be taking grant applications for this year’s Community Reinvestment Fund.
The Community Reinvestment Fund distributes unclaimed or abandoned membership money, or equity, that has accumulated over past years. WSGC’s bylaws specify that “the Co-op shall dedicate any funds (equity) remaining unclaimed to educational and charitable purposes.” Each year, a mailing is sent to the last known address of the members who still have equity in WSGC, but have remained inactive for over a year. They have the option to renew their membership (by making an equity payment toward their full fair share), to withdraw the equity (cancel the membership), or donate it to the Community Reinvestment Fund. WSGC’s Board then determines how much of the donated or unclaimed money will become that year’s total amount for the Community Reinvestment Fund. For the past several years, the total amount has been $7,000.
Focus & Criteria
The focus of this funding is on providing grants to local, non-profit groups with limited access to funding. Those applying to the Community Reinvestment Fund should benefit the community through the human services of charity or education. In 2003, the committee received 29 applications and made 17 awards—5 more awards than the previous year. Priority will be given to developmental projects, educational projects, and events that are consistent with WSGC’s goals. This includes, but is not limited to, a focus on food, nutrition, health/well-being, sustainable agriculture, cooperative education, and social change.
Priority will also be given to organizations working in the near-east side community of Madison.
Women, people of color, and members of other protected groups are strongly encouraged to apply.
The deadline for the year’s application is Sunday, February 29th at 9:00pm. Awards will be announced April 6th, 2004. For more information about the Fund or to receive a grant application please call Lynn Olson, Member Services Manager at (608)251-0884 or email at firstname.lastname@example.org.