Facility Investment and Building Reserve Grant

Posted by on October 31, 2011

Kresge Foundation’s Arts and Culture Program Announces Final Call for Facility Investment and Building Reserve Grant Applications
Deadline: March 1, 2012 (Preliminary Applications)

The Kresge Foundation’s Arts and Culture program has announced the final call for preliminary grant applications for its Facility Investments and Building Reserves program. Kresge is conducting this final round of facility and building reserve grants as it continues to refine its overall investment strategy.

Eligible organizations may apply for both facility investment and building reserve grants, or building reserve grants only. Facility investment grants will prioritize renovation and repair projects. (On occasion, this grant may be awarded for new construction that includes exemplary environmental sustainability practices.) Building reserve grants are designed to seed or enhance an organization’s building reserve fund for the ongoing maintenance and replacement of an organization’s facilities. The program does not fund reserves solely for equipment.

Eligible applicants are nonprofit 501(c)(3) organizations in the United States whose primary mission is arts and culture. Nonprofit 501(c)(3) organizations that have a long-term agreement to operate a government-owned facility are eligible. Startup organizations or those with less than two full years of operation, and organizations that are both owned and operated by a government entity are not eligible to apply.

Grant amounts will be dependent on the type of project and the size, scope, and business model of the organization. Some grants may be designed as matching or challenge grants. In general, multiyear institutional capitalization grants will not exceed $1 million and/or a period of three years from the time of the grant award.

Complete program information, application guidelines, and the application form are available at the Kresge Web site.

http://www.kresge.org/programs/arts-culture/institutional-capitalization/facility-investments-and-building-reserves