Grant Criteria

GRANT REQUIREMENTS:

• Organization must provide documentation of 501 (c)(3) non-profit status or work with a qualified fiscal agent/sponsoring organization with 501 (c)(3) status
• The grant will primarily benefit citizens of Hannibal
• Funds must be used within one year of award
• The organization will provide records of expenditures of grant funds
• Grants will not be used to fund capital improvements or to sustain the organization
• A comprehensive follow-up report will be submitted to the Board of Trustees upon use of the grant

GRANT PREFERENCES:

• Priority will be given to unique projects/programs that are not duplicated by another organization
• In keeping with the spirit of Mr. Riedel's trust, programs directed toward youth, the economic well-being of Hannibal, and the enhancement of its residents will be given priority

The Riedel Foundation recognizes that some programs require time to demonstrate their value. Trustees are willing to consider proposals covering multiple years of support. However, like most foundations, we cannot assume responsibility for the long-term support of any organization or activity.

The Trustees will review grants on a monthly basis. Applications should be submitted by the end of the month to be considered for the next scheduled meeting at the Trustees discretion. The Administrator reports all inquiries and proposals, including those that are initially declined.

All applicants will be informed of the results of their application by the Administrator. If approved, a grant letter and a grant agreement will be sent with the distribution. As required by the grant agreement, organizations must follow-up with the foundation by submitting a final report.