Rules and guidelines for Stout Foundation Grants are based on the following stipulations in the Stout bequest:
“All of the funds under this bequest shall be for the complete benefit of the Mackinaw community, which shall include the entire Township of Mackinaw and to be used with resourcefulness and imagination to instill cooperation and the fullest possible support from citizens, government units and all possible organizations.”
“The charity or charities selected by the Board of Directors shall be limited to corporations, funds, foundations, whether already in existence or created hereinafter, organized and operated exclusively for religious purposes, charitable purposes, scientific purposes, hospital, educational foundations such as Deer Creek Mackinaw Education Foundation, government entities such as Mackinaw Township or the Village of Mackinaw or for education purposes.”
Fund Guidelines and Rules
Honoring the direction given in the Stout bequest, the highest priority will be given to those grant requests that will benefit the Mackinaw community in the broadest possible way.
Grants can never be made to individuals. Federal tax law and Elsie’s Codicil to her Will prohibits such a grant.
Organizations requesting grants from the fund for a specific program or project are expected to also raise money from other sources. Grants from the Mackinaw Stout Foundation will generally only match, or partially match, funds already raised by the requesting organization.
Grants will not be made to assist organizations with ongoing operations expenses.
Grant applications will be accepted by the Board of Directors during the time frame designated. Grant decisions will be made based on evaluation of applications and funds available.
The amount of fund money available for grants in each calendar year will be determined each year by the Board of Directors.
Grant money can be spent only for the specific purpose stated in the grant application approved by the Stout Foundation Board of Directors.
Organizations that receive grants are required to regularly report progress on the project or program for which the grant was approved.
Grant money received must be spent for the approved purpose within the year that it is awarded. A financial report of money spent and results achieved is required on completion.