To apply for a grant from the Somerset Regal Charitable Foundation, please review the following information, and include documentation along with your application.

Grant Eligibility

• Awards will include support for program development as well as for new and expanded facilities and equipment
• Grants or awards are generally limited to use in the market areas served by the Community
• Grant recipients must demonstrate Section 501(c)(3) or other non-profit status, a need for private financial support, and a direct relevance to the Foundation's areas of giving interest.
• The Foundation does not provide financial support for political organizations or candidates for political office, religious organizations or activities for sectarian purposes.
• The Foundation does not generally make contributions to individual endeavors other than scholarships

Grant Making Criteria

All grants must be approved by a majority vote of the Board of Directors of the Foundation before any such funds are disbursed. All grant proposals will be evaluated to ensure that they conform to the Foundation's policies and fit within the Foundation's mission. The Foundation will consider supporting projects and initiatives that meet one or more of the following criteria:

• Are directly related to the Foundation priorities and areas of interest stated above;
• Include a strategy for leveraging other resources and support from the region;
• Produce cost effective results that can be measured and evaluated;
• Provide incentive and stimulation for the private and public sectors to work together in community problem solving;
• Encourage the coordination with other efforts;
• Advance innovative and long term strategies that will address recognized needs; and
• Demonstrate an ability to be sustainable or to obtain future funding if it will be needed.

Grant Application

The applicant for a Foundation grant will be asked to submit a written request using the Foundation's current Grant Request Application describing the initiative seeking support. Some information required on the application includes:

• A statement of purpose
• Evidence of non-profit status
• List of the organization's Officers and Board of Directors
• Financial statements
• Target area the project addresses and the goals it hopes to achieve
• Sources of funding (including other contributors)
• The organization's total budget
• Total project budget and amount requested
• Bank employee, Director or Advisory Director knowledgeable about the project or initiative
• Annual report (if applicable)

To apply for a grant, please submit your request in writing to:

Somerset Regal Charitable Foundation
c/o Somerset Regal Bank
220 W. Union Ave.
Bound Brook, NJ 08805

Grant Application