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What MUST an organization do so that it may receive
grants after the first grant is given?
It is critical for any person representing any organization that wishes to
be in our grant program to know that we have NO administrative staff and
therefore if the requirements stated on this web-site are NOT met, second
opportunities to apply for grants will most probably not be available, as we
have huge limitations on our time availabilities.
Be sure to read "A important
note about THIS web-site" at the
bottom of both the Home page and the Table of Contents Page.
And, one more thing, we suggest you
re-read the link "why this info"
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For each succeeding year, each organization MUST:
 | by November 1st of each year:
 | send an email updating and/or confirming your current email address and
your desire to continue in the MPWCF's grants
program |
| submit information updating any changes in your status from the
prior year (regarding your answers to questions 1 - 11 and 15 - 19 on our initial requirements
web-page). The other questions (#12, 13, and 14) should be considered and
answered by February 1st (see below), |
| be sure to read some additional details
on this web-site and include your responses in the February 1st email. |
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| by February 1st of each year, email to us:
| a quantified and descriptive portrayal of your finances
for the previous year (all in accordance with examples)
including:
- a detailed category by category results of your receipts and
your expenditures for the entire year.
- a detailed listing of cash categories, and any other
assets, and other liabilities (this is normally called a balance sheet, or
preferably a
statement of financial condition).
- a reconciliation of the results of item #1 to the
beginning and ending balances in item #2 above.
****#1
- all of the above must be in comparative form
(prior year, current year, budget for this year, budget for next year)
- any other financial information that is deemed
appropriate (including descriptive "notes" where necessary
- see BBB&public accountability).
****#1a
- a statement that the submitter
of the information has read and has understood why this
information is necessary, especially our reasons for requiring
accountability.
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| a narrative disclosing your first and then
subsequent attempts at a detailed
plan for how you will plan, control, and appropriately use the vastly higher
annual grants to your organization (from your share of our endowment
that is guaranteed to be at least us$2,500,000) from
our foundation which will commence upon the Founder's death (assuming nothing occurs that
causes any suspicion of an unnatural death). This also assumes that you continue
to satisfactorily meet the annual reporting requirements (like the ones you are
reading now) prior to, and continuing after, his death. Failure
to plan is like planning for failure. ****#2 |
| review your relationship with the
USA's IRS and be sure that you know your status. See the two pages IRS
Narrative and IRS
financials |
| a more detailed discussion of internal financial and
management controls with emphasis on how they relate to current funding as well
as to your organization later on when our grants increase substantially (as
discussed in immediately above). You will get a greater idea of what kinds of controls we
are looking for when you read internal control
****#3 |
| we may have made certain
suggestions and comments last year that should be referred to by you in this year's
response, so be sure to re-read our final emails from last year. |
| we may have additional questions for this year, but
they will be forwarded to you by email, if it seems appropriate to do so. |
| remember that we need all input to be submitted via
email (with email attachments that we are able to edit, if necessary) sent to the below email address.
****#4 and #5 |
| submit your information for the current year, plus
the certification for this year in the form
shown on our annual certification
page. |
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| Should you have any questions, we refer you first to this web-site,
and even more specifically refer to
the pages showing
| FAQs - answers to "frequently asked questions". |
| examples (of financial reports) that meet our needs (and
yours, for that matter) as well as some more details
explaining what is on this page. |
| We also remind you that volunteers in your
organization are eligible for our lifetime achievement
monetary award; and your organization and other volunteers are
eligible for our periodic recognition of organizations and
individuals (this is all explained on the lifetime achievement
page). |
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The following is required for 4th year and later grantee organizations.
And additional credit for 2nd and 3rd year organizations will be given to organizations that:
| show that they have read and understand all (but only those) pages of this
web-site that have anything to do with your organization's current
status with this Foundation. |
| show that they comply with the various goals and mission of this
Foundation as stated in various parts of this web-site |
| show that they are now ready to receive and deal with responsibly their
proportionate share of the income from an endowment that will exceed us$2,500,000 (see funding)
in the immediate future should this Foundation's founder die unexpectedly
(but not an unnatural death from dishonest hands - see founders
will) |
| show that they are capable of planning for the future. Among their
plans should be one to review this web-site well before the time information
is due. If questions are in order, and time is available to do so, we may answer them (but only) if
they are submitted well before January 15th. Failure to plan is like
planning for failure. |
| protect their own organization against the slim possibility that, after the death of
the Founder, a renegade trustee (or trustees) of this Foundation may wish to
consciously or sub-consciously subvert the wishes
of the Founder. Grantees may find protection against this threat by
reading and understanding the various controls on this web-site, most
importantly the grantee's rights as specified on the trustees
page. All people, trustees included, are only
human, and huge sums of money are involved here. |
****Some supplementary information regarding
"Why?"
- this is explained in examples
by reading note #2 under example #2 (Balance Sheet)
------- #1a, furthermore, Teresa Heinz Kerry, in describing
herself years ago, said she was a "venture philanthropist",
demanding accountability for grants. We have also agreed that this is
normal and appropriate for us as well as her, and we shall continue to
require it. Ruth E. Lilly. known also as the first lady of
poetry, had demanded that even her smallest philanthropic grantee, the 3-person Poetry
Magazine organization "become financially savvy fast".
- you really can't expect us, after the Founder dies, to
just hand you these greatly increased sums of money every year without a
plan that he has agreed with during his lifetime. And since time
is moving on, this plan must be formulated NOW and the details fleshed out
as the years go forward.
- this is a furtherance of #2 above. We wish to be
reasonably assured that your organization does not later fall victim to the
"temptations that flesh is heir to".
- we remind you once again that rather than have
many separate pieces to any one year's email communications, the questions
and answers and answers to more questions should ALL be shown on ONE email
by using the reply mechanism that emails have. Do not have more than
one email "in process" for any one year. This is very
important and saves time for both your organization and our foundation.
- When we say "able to edit", we suggest that
you use MSWord for narratives and MSExcel for spreadsheet-type information
in your attachments. Emails (themselves) are fine for narratives but
not for tabulations that read better on spreadsheets.
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