Does MCBF award grants to individuals?
Typically, the Melrose Cooperative Bank Foundation only awards grants to registered 501(c)3 nonprofit organizations. Use the IRS Tax Exempt Organization Search to see if your nonprofit is qualified. MCBF does not typically award grants to individuals fundraising on behalf of other organizations (i.e. individuals/teams participating in walks, runs, etc.).
When is the application deadline?
The Board of Directors typically review applications three time per year. Application deadlines are February 15, May 15, and October 15. Grant requests tied to any event will only be considered if the event occurs at least 30 days after our board's approval. Note that our meeting dates may be up to 45 days after the submission deadline, so please submit requests well in advance of any scheduled event.
When are funds disbursed?
Funds are generally disbursed thirty days after grant approval.
Can I reapply if my grant has been denied?
If your grant has been denied due to missing information, applicants are welcome to reapply during the next funding cycle. Applicants who were denied due to community or project relevance are also welcome to reapply if the reason for denial as been addressed.
Can I apply multiple years in a row?
Yes, the MCBF will occasionally consider a recurring grant for multiple years based on community impact and continued relevance. Ongoing impact reports from the grant recipients are required.