Friday, January 11, 2002
Steamboat Springs The Yampa Valley Community Foundation awarded more than $200,000 in grant money during October, November and December or 50 percent of its annual awarded grant money.
The year 2001 provided the foundation with enough resources to award more than $400,000 among 174 grants.
Forty-one grants were awarded in the final three months of the year.
"The end of the year is a time when people experience a giving nature," said Dianna Sutton, foundation president and chief executive officer.
Ten organizations received competitive grants totaling more than $18,000.
Grants ranged in amounts from $100 to $43,000 in six areas: arts and culture, education, environment, health and human services, recreation and scholarships.
The foundation has two types of funding services for which it awards grant money: donor-advised funds and discretionary or competitive funds.
Individuals can set up funds and make recommendations for grants from their funds.
For instance, Sutton said instead of people starting their own foundation, they can use the community foundation as a starting point to distribute funds.
Donor-advised funds provided more than $181,000 to local organizations last year.
Sutton said the end of the year is a time when more people want to distribute more funds.
The other high season for the community foundation is in May and June when scholarship money is awarded to students.
The discretionary fund allows organizations to apply for a grant that follows a competitive process for approval.
A grant committee, made up of community members and board members, reviews the application from the organization.
"Discretionary funds are increasing because we're receiving more bequests," Sutton said.
Before people die, many set up funds through their wills, which are then incorporated in the competitive process.
Money for the discretionary funds is donated through Steamboat Ski & Resort Corporation's transferable ski medallions.
The community foundation packages the medallions into a membership program the Passport Club and uses the money to grant back to the community.
"We were able to do this because of the generous proceeds from Ski Corp.," Sutton said.
The foundation develops annual and growing funds to support organizations and innovative programs that preserve traditions and maintain the character of the community.