How does the Beacon Credit Union Foundation decide which grants to fund?
All grant requests are initially reviewed by the selection committee to ensure that the request meets all of our submission requirements. Qualified requests are then sent to the board of directors for consideration. The board reviews and makes a decision based on a set of criteria that includes how well it matches the Foundation’s mission and focus, and what impact it will have in the communities we serve.
How is the Beacon Credit Union Foundation funded?
The foundation is funded entirely by Beacon Credit Union.
Is the Beacon Credit Union Foundation the only way that Beacon supports the community?
Not at all! – Beacon also provides some direct contributions to organizations in the community via corporate and branch donations. These are typically smaller requests, or sponsorships that don’t fit the Foundation’s mission. Additionally, Beacon employees generously contribute many hours volunteering at local charities and events each year.
How often does the Beacon Credit Union Foundation make grants?
Grant requests are accepted at any time, and are reviewed at semi-annual meetings of the Foundation’s board of directors. However, there is no guarantee that a grant will be made at every meeting.
I submitted a request but haven’t heard anything yet. How long does it take?
Grant requests are reviewed at semi-annual meetings of the Beacon Credit Union Foundation’s board of directors. Grant recipients will be contacted within 30 days of the meeting.