Grants are made to 501(c)(3) tax-exempt organizations. It is preferred that the organization receiving a grant also be located in the state of Georgia. Grants are awarded for amounts determined by demonstrated need.
An organization eligible to apply for a grant is as follows:
- A tax-exempt organization described in Section 501(c)(3) of the Internal Revenue Code that is not a private foundation described in Section 509(a), which includes religious, charitable, educational, scientific and certain other organizations; or
- A private operating foundation described in Section 4940(d) of the Internal Revenue Code; or
- An organization described in Section 170(c)(1) (governmental entities) or Section 511(a)(2)(B) (state colleges and universities) of the Internal Revenue Code.
The applicant organization should ensure that the size of a grant from GBHCMF will not cause the organization to convert to a private foundation under certain Internal Revenue Service regulations.
Grants are not made to private foundations described in Section 509(a) of the Internal Revenue Code, private or publicly held corporations, limited liability corporations, partnerships, sub-chapter “S” corporations, or individuals. Funding requests for capital projects are not usually supported.