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Project Redwood funds projects that can achieve impacts both in the short and long term with financial support of up to $25,000. Examples of projects that have received grants in the past:
Deployment of 250 low technology, low cost chlorinators to supply clean water to 70,000 rural Nicaraguans.
Provision of supplies, tools, livestock, seeds, fertilizers, training, and mentoring to 12 agricultural co-operatives of 30 families each in Burundi.
Tuition support and after-school tutoring for 35 Haitian children and summer camp for 85.
Construction of a kindergarten for 75 students in Ghana.
Provision of training, mentoring, and seed capital to 30 small business groups in rural Kenyan villages.
Development and deployment of a mobile medical clinic to serve 12 villages in India.A COMPLETE LIST OF PREVIOUSLY FUNDED PROJECTS IS AVAILABLE HERE
Sponsorship: Project Redwood considers project applications sponsored by members of the Stanford Graduate School of Business Class of 1980. Sponsors help potential grantees complete the application and act as liaison between the applicant and our review committee follow-up during the evaluation process. If a project is funded, the sponsor relationship continues through project completion, and sometimes beyond.
We also accept letters of interest from organizations who have reviewed our funding criteria and application process. We circulate the information from organizations and projects that meet our criteria, and classmates may volunteer to sponsor these projects.
501(c)(3) Status: An applying organization must have a US-based headquarters location and be tax exempt under section 501(c)(3) of the Internal Revenue Code of the United States of America, or have applied for such status.
Financial: Each grant must be a meaningful portion of the organization’s total budget, generally we will grant to organizations with less than $2.5 million in annual revenue. A copy of most recent audited financial statements or the most recent Internal Revenue Service Form 990 must be supplied with each application.
Project Redwood now limits each organization to a maximum of four consecutive years of funding, grantees can apply again after sitting out at least one year.
Project Redwood selects projects from the applications sponsored by our classmates with grants of up to $25,000 based on the following criteria:
I. Magnitude of Expected Impact on standard of living for a population of considerable size and need, and any plans for scalability to other locations or organizations.
II. Achievability of Proposed Project including an assessment of the managerial competence of the applicant team and governing board and sustainability of project benefits
III. Entrepreneurial: Ability to leverage local capacity (land, labor, know-how) to create and build human and financial capital and ability to help populations to help themselves out of extreme poverty
IV. Ability to effectively use Project Redwood's financial and non-financial resources
Beginning in 2016 we will also consider how the applicant would use a larger grant of up to $50,000.
Preview letters are due in April, full applications are due in late May, and grants are announced in early September. Our process includes the following components:
Preview Letter: Brief preview forms submitted by sponsor applicants are read by the Project Redwood Grant Review Committee. The Grant Review Committee selects those that satisfy Project Redwood criteria for invitation to submit a complete application.
Application: The eight page application asks each sponsor and invited organization to describe how their project will have an impact on extreme poverty and meet each of Project Redwood's four criteria. The Grant Review Committee may ask for additional information and assesses and summarizes each project for the Board and Project Redwood partners.
Outside Review:The TIDES Foundation, our fiscal sponsor, conducts an independent complementary review of each application.(Visit our AFFILIATIONS page for more information)
Partner Vote: The Project Redwood Grant Review committee presents a slate of proposals, annotated with its assessments, to the Project Redwood partnership for voting.
Board Decision: The Project Redwood Board of Directors makes final decisions regarding grant awards based on committee recommendations, partner vote, portfolio considerations, and resource limitations of our all-volunteer organization.
Grant Agreement: Board-approved grantees sign agreements with TIDES Foundation, who disperses funds.
Project Redwood Class of 1980 sponsors maintain relationships with grantees for the duration of approved projects, and sometimes beyond.
Project Redwood partners seek ways to provide non-financial support to grantees for the duration of approved projects.
Grantees must submit interim project reports on May 1 of the grant year and final project reports on November 1 of the grant year and are asked to provide additional information on project impact one to two years later.
April 7: Invitations to sponsor projects and Preview Forms sent to classmates
April 26: Preview Forms are due to the Grant Review Committee (GRC)
May 3 or sooner: Sponsors are invited to submit complete applications
May 27: Applications are due to the Grant Review Committee
June: Application review, including Q&A with applicants
July: GRC assesses applications and advises Board
August: Partner vote and Board decision on grants
September to October: Tides Foundation review and distribution of grant agreements