Nonprofit organizations in Ohio may soon have “free money” coming to them. Who’s giving out the money? The State of Ohio. The Honor Project Trust was created as a result of a recent lawsuit settlement. Excess settlement proceeds from the lawsuit totaling approximately $9 million were earmarked for Ohio nonprofits. The trust’s mission is to identify and providing funding to not-for-profit charitable organizations that have a societal impact in the State of Ohio. So how do you know if you qualify for this grant and get a piece of the pie?
Are You Qualified for the Honor Project Trust Grant?
- To qualify for this grant, your nonprofit must be 501(c)(3)-registered with the Internal Revenue Service (IRS). If you’re unsure of your IRS classification, you can visit www.guidestar.org to verify or determine your classification.
- Additional applicant registration requirements have been set forth by the State of Ohio Attorney General’s Office (AGO), and you can check out your registration status here.
Applying For The Grant
If your nonprofit organization is qualified for the grant, you must first submit a grant inquiry before you can apply for the grant. Tier II distribution is expected to be available some time this month. Click here to register for a grant inquiry for the Tier II distribution. You’ll receive an email to inform you when the Tier II application process opens. Once the application process opens, your organization will have to be invited to submit an application. The Honor Project Trust team will evaluate all grant inquiries and determine what organizations they would like to have submit applications.
How Long Will The Honor Project Trust Grant Application Process Be?
Organizations that are chosen to submit a grant application can expect anywhere between eight to 10 weeks for their application to be fully reviewed once it has been received. If your application is more complex or deals with new programs, or if it requests a significant amount of funding the review process may be a bit longer. The Honor Project Trust team anticipates that most grants given to Ohio nonprofits will be anywhere between $5,000 and $50,000.
What Can You Do Now?
Register! As I mentioned above, the first step in this process is to register and submit a grant inquiry. When registering for the inquiry, you’ll be required to submit the following:
- Budget information for the project or program you’re seeking funding for
- What type of request you are submitting (i.e. capital, operations)
- A detailed organizational budget
- Your organization’s history and mission
- Current or past projects
- Information on the constituencies your organization serves
- Detailed description of your project, including:
- Justification of financial need
- Specific goals and objectives
- Plans to meet the goals
- Project timeline
- Who the project services
- Any expected measurable outcomes
Once your grant inquiry is submitted, you’ll have to wait for correspondence from The Honor Project Trust to see if you have been selected to submit a full grant application.
Ohio Nonprofit Organization Help
If you’re a nonprofit and are interested in learning more about The Ohio Honor Project Trust grant opportunity, contact Rea & Associates. Our Ohio not-for-profit services team can answer questions you may have about the application process, or help you determine if you’re qualified for this grant.
Please note that all funds are gone as of May 2014.