Application Process 2017-10-02T10:15:47+00:00

Impact 100 has a five-phase grant application process

Impact 100’s funding cycle runs from fall of the current year to fall of the following year.

  • Ongoing: Collect member contributions (due December 31)
  • Fall: Accept Letters of Intent (LOI).
  • Winter: Announce grant dollars available in January.
  • Spring: Invite organizations to submit a Common Grant & Impact 100 members serve on Focus Area Committees to evaluate applications.
  • Summer: Committees select one to two Grant Finalists in each Focus Area.  Grant Finalists present at Annual Awards Celebration in September where members vote, thus determining the Grant Recipients.

1. Letter of Intent (LOI)

The first step for grant applicants is to submit an LOI using Impact 100’s online submission system.  Proof of your 501(c)(3) status is a required attachment to your LOI. Impact 100 members serving on Focus Area Committees evaluate the submitted Letters of Intent and, by February, select organizations from each of the focus areas to invite to complete a grant application.

Impact 100 reserves the right to reject a LOI for any reason, including a missed deadline or incomplete information. The Viability Checklist will help you assess your readiness to participate in our process.  See the Viability Checklist for details.

2.  Grant Application

Organizations selected by Impact 100 to complete a grant application must submit their applications including all attachments via our Online Common Grant Application.

Impact 100 requires a standardized grant application and a number of financial documents (all documents must be submitted in PDF):

  • Statement of Revenue/Support and Expenses: your organizations most recent completed fiscal/calendar year and the previous two years
  • Statement of Financial Condition (Balance Sheet): most recent completed fiscal year and previous two years
  • Total Budget and YTD Actual: current fiscal year, including column showing the organizations year-to-date status
  • Project Budget: provide pro forma budgets for the next three years if there are ongoing expenses associated with your project that increase the organization’s operating expenses by 20% or more, or, if this is a new organization
  • Most recent audit: financial statements complete with notes and audit opinion as well as any other report issued by auditing firm
    • If your organization does not have an audit performed, provide one of the following (in order preferred)
      • Independently reviewed/compiled financial statements
      • Form 990

Impact 100 also requires a number of non-financial documents (all documents must be submitted in PDF):

  • Names, affiliations, and demographics of board members
  • List of key staff or organizational chart
  • Letters of commitment from collaborating organizations (if applicable)
    • Please scan all letters of commitment into one PDF prior to uploading

For an overview of the full grant application and the required attachments, see the Common Grant Training materials.

  • Common Grant Training Materials (Coming in March of 2018)

You will receive acknowledgment of receipt of your application within 24 hours.  Impact 100 Focus Area Committees will select and notify Site Visit Candidates in each focus area by Spring.

Impact 100 reserves the right to reject a grant application for any reason, including a missed deadline or incomplete information.

3. Financial Review

The Community Investment Review Committee (CIRC) is responsible for taking an in-depth look at the grant applicant’s financials, prior to a site visit. CIRC members review the financial health of the nonprofit and the details of the project budget. Questions and concerns are addressed during the site visit. Based on all of the provided financial information, CIRC votes on whether or not to approve the grant applicant as a finalist

4. Site Visit Candidate

Site Visit Candidates will be selected in each focus area. A Site Visit Coordinator from the Focus Area Committee will coordinate arrangements for the visit.

The objective of the site visit is to complete a due diligence review and to resolve any remaining questions regarding the organization and the proposed program or project. The site visit will be approximately 60-90 minutes long and the interview questions and agenda will be established ahead of time by the Site Visit Coordinator and the organization.

Impact 100 Focus Area Committees will select one to two finalists in each of the focus areas. An additional committee is formed to confirm the viability of the organizations before Finalists are announced. Finalists will be announced in June at our Meet the Finalists Event.

5. Grant Finalist

Every Impact 100 member has access to a one-page overview of each Finalist’s funding request, called the Executive Summary. We also invite representatives from each of the Finalist organizations to make a timed presentation to the membership regarding their organization and the proposed program or project at our September Annual Awards Celebration. Impact 100 members then vote by ranking the finalists. The highest ranking finalists are chosen as grant recipients.

Click Here: Apply to Impact 100

Important 2017-18 Grant Dates

Benchmark Date
Impact 100 Applicant Workshops
(Register)
10/2/17, 10/4/17, 11/6/17
Impact 100 Nonprofit Panel
(Register)
11/1/17
Letters of Intent submission open
(Apply Online Here)
10/2/17
Letters of Intent deadline 12/7/17
NOON
Membership Announcement: Total Dollars Available Revealed 01/23/18
Notification of Common Grant Applicant Eligibility 2/27/18
Impact 100 Nonprofit Common Grant Training 3/5/18
Common Grant Application Deadline 3/23/18
NOON
Applicants Notified of Selection for Site Visit 4/12-5/11/18
Applicants Not Progressing to Site Visits Notified 5/23/18
Meet the Finalists:
Finalists Announced to Community
6/26/18
Annual Awards Celebration and Finalist Presentations 9/13/18