How does The Fund for Wellesley work?
As an endowed fund, it is a permanent, steady source of funding. Each year, spending is limited to a designated percentage of the fund, leaving the rest to build for the future. Distributions keep pace with new and emerging needs, as well as address social, cultural, environmental and educational issues confronting the Town and its citizens.
How does one apply for a grant?
Local nonprofits may submit grant proposals, which are evaluated by the Fund for Wellesley Community Board comprised of a group of residents representative of diverse aspects of the community, bringing a town-wide perspective to issues and opportunities. The Community Board accepts proposals through an open application process, encouraging collaboration among groups – private, public and nonprofit – to work across boundaries and find creative, innovative solutions. All applications are reviewed fairly and competitively.
How is The Fund for Wellesley endowed?
The Fund for Wellesley was created in celebration of Wellesley’s 125th birthday. Founding families Founding families and civic organizations committed a minimum of $5,000 over a period of up to 5 years in order to invest in the Town’s welfare for the next 125 years.
How is the endowment managed?
The endowment is professional managed by the Foundation for Metrowest, which is also responsible for fund administration, donor recognition and recordkeeping, and grant distributions as recommended by the Community Board.
To what organizations has The Fund for Wellesley made grants?
Although having a strong endowment is critical to the Fund’s fiscal health, awarding worthwhile grants is really at the heart of our mission. The Fund has focused its grant-making in three key areas: seniors, youth and community-building.
Our grantmaking page highlights the grants we have made in the last 3 years.
What is the Foundation for MetroWest?
The Foundation for MetroWest connects philanthropic opportunity with demonstrated need in MetroWest. They promote philanthropy in the region, help donors maximize the impact of their local giving, serve as a resource for local nonprofit organizations, and enhance the quality of life for all of our citizens.