First Federal Foundation, Inc.
The First Federal Board of Directors is deeply committed to supporting local efforts that enhance the quality of life of the people who live and work in our communities. To that end, First Federal established in 2003 the First Federal Foundation. The mission of the charitable foundation is to serve the needs of its communities by actively seeking community development opportunities to support educational, civic, health, human services, social, and cultural organizations that address these objectives.
We request that you use the following process in preparing your grant applications. All grant applications will be reviewed by the Foundation’s Board of Trustees that meets bi-annually in July and December to make funding decisions. Grant applications are only accepted twice per year during specific time periods. Please visit our Facebook page for information regarding acceptance periods and due dates.
The committee will review one proposal per organization during a 12-month period. However, those organizations that have applied and did not receive funds may reapply during the 12-month period so long as the request has been altered to satisfy the criteria of the foundation. Multi-year commitments will not be considered. All applications must be filled out and returned to the address below via mail. No faxed or e-mailed applications will be accepted.
The Foundation's Board of Trustees will follow the criteria listed below, in this order, when making funding decisions:
- Whether or not it is a capital project
- Community potential
- Geographic location
- Humanitarian consideration (including how many people are affected)
- Matching funds
- Project plan and timeline Budget
The minimum grant amount is $1,000, and the maximum grant amount will generally not exceed $5,000. Funds will be distributed primarily for capital projects, rather than operating expenses. The Foundation ordinarily does not provide grants to support the following:
- Political causes
- Religious organizations
- Private clubs
- Areas outside of the Magic Valley
Please consider the above criteria when sending in an application to ensure that your request fits in with the Foundation’s specifications. Submit a one-page cover letter including the following information about the project or organization:
- Background and objectives
- Budget, including sources of current funding
- Specific plans and timetables
- Total cost of project
- What resources are currently available to organization
- How much matching funding is received
Additional information is requested regarding the organization (see enclosed checklist).
Organizations applying for First Federal Foundation Grants must qualify as exempt organizations under Sections 170(c)(1), 170(c)(2), or 501(c)(3) of the Internal Revenue Code.
Grant or contribution requests should be submitted to:
First Federal Foundation
c/o First Federal Bank
Attn: Ashley Frodin
P.O. Box 249
Twin Falls, Idaho 83303-0249