In accordance with IRS regulations, Foundations of East Chicago, Inc. (FEC) has adopted policies which prohibit releasing funds directly to an individual or a non-501 (c)(3) organization
Donations of amounts $500 or less for school sponsored events, end of year programs, and/or field trips are considered on a case-by-case basis. Submission of a Donation Request Form does not guarantee funding. The maximum any organization can receive within any given calendar year is $500.
In addition, school sponsored clubs can request a donation match of up to $500. Proof of funds raised must be submitted before funds are released.
Typically, the Board of Directors meets the second Wednesday of each month. The event covered by the Donation Request Form cannot precede funding approval. Therefore, to ensure that a Donation Request will be reviewed in a timely manner, the request must be submitted by the 27th of the month. It is recommended that requests be submitted at least 6 – 8 weeks prior to the event.