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Annual Statement of Funding Priorities

Annual Statement of Funding Priorities

The "Annual Statement of Funding Priorities" states the funding priorities for the Foundation during the next funding cycle. The Trustees will make that determination not later than June 1 of each calendar year. We will target or prioritize our funding among the areas of support set forth in our Mission and Values Statements. The first priority for the consideration of grant applications will be given to those which most closely respond to our current Annual Statement of Funding Priorities. Grant applications that do not meet the designated priorities, but fall within the scope of our Mission and Values Statements, will be considered if funds are available.

Statement of Funding Priorities for Grant Year 2012

The Trustees of The Hubbell-Waterman Foundation have determined that its first funding priority for the 2012 Grant Year is to continue funding grants to public and private tax-exempt organizations that offer established programs designed to assist unemployed individuals obtain job re-training. Public and private tax-exempt organizations meeting these requirements are invited to submit grant applications through our web site prior to the September 1, 2011 application deadline. The Foundation will allocate up to $500,000 to approved grant applications. The Foundation currently funds a United Way of the Quad Cities re-skilling initiative. The initiative provides scholarships to unemployed individuals at Eastern Iowa Community College and at Blackhawk Community College.

The Trustees have determined that its second priority for the 2012 Grant Year is to continue its funding for hunger relief programs in the Quad Cities. Public and private tax-exempt organizations that operate existing hunger relief programs are invited to submit grant applications through our web site prior to our September 1, 2011 application deadline. The Foundation will allocate up to $100,000 to approved grant applications. The Foundation currently provides funding for the Mobile Food Bank and the School Back Pack project, both sponsored by the River Bend Food Bank.