Parishes that have received financial assistance from the Anglican Foundation often report a sense of encouragement to act on their dreams. Seed money from the Foundation can provide just what a church needs to bring a program or building project to fruition. Whether it is an outreach effort, a training program, adding an elevator, ramp, or washroom or fixing a roof, the Anglican Foundation cares. Our work provides assistance with the hope that Anglican organizations across Canada might expand their ministries. The Foundation’s assistance gives parishes the confidence to fulfil their hopes.
1. Types of projects: The Anglican Foundation of Canada is a separately incorporated body whose purpose is to give financial assistance to any part of the Anglican Church in Canada where there is a need for assistance. The Directors are particularly interested in supporting new and imaginative projects that might have difficulty in finding financial help. The Foundation provides assistance through low-interest loans and/or grants to projects of Anglican churches and organizations within Canada. These include: certain types of building projects, ministries for the future, education, ecumenical projects, areas of research, “seed” and “risk” projects, and creative arts as related especially to worship, music and liturgy.
2. Applicant responsibilities prior to submission: The Board of Directors welcomes applications for assistance and asks applicants to submit a form that includes a description of the project, and already promised or in hand financial support.
3. One-half. The Board will make every effort to fund 50% of any program or project. We invite all applicants to have 50% of funding in place at the time of application.
4. Funding grants. When funding is awarded, we invite recipients to claim the money within a 12-month period.
5. Independence of loans and grants: The awarding of a loan does not guarantee the awarding of a grant for the same project, and vice versa.
6. Role of the Diocese or Governing Body: The Board considers a Diocese or Governing Body of an Anglican Theological College approving an application to be a ‘partner’ with the applicant and with the Foundation. Our understanding is that, prior to submission of an application, The Diocese or Governing Body has:
• examined the project and the ability of the applicant to effectively manage the financial responsibilities of the project;
• approved the project and considered giving financial assistance to it • given permission to submit an application to the Foundation • guaranteed repayment if a loan is awarded by the Foundation.
7. Letters of support: The Board asks for two letters of support with each application. The first is a letter of support from the Diocesan Bishop, sharing his or her knowledge of the background of the project, and clarifying why the project is important to the life and mission of the diocese. The second is a letter from a representative of the Diocesan Council. Please include date of the meeting at which the application was reviewed and approved, as well as the wording of the motion that approved the application’s submission to the Anglican Foundation of Canada.
8. Maximum disbursements: The maximum loan award has been set at $100,000. All loans depend upon both the total cost of the project and the perceived ability of the applicant to effectively manage the financial responsibilities of the project. The maximum grant award has been set at $15,000.
9. Limitations on disbursements: Note that grants and awards are not awarded for the purchase of or repairs to church organs or other musical instruments, for the installation of stained glass windows, for operating budgets, bridge financing, salaries or travel expenses.An application for a project that has already been completed will normally not be considered.
10. Submission Dates for applications. The Board of Directors meets three times per calendar year and applications must be received by the deadline date set before each meeting. The dates of the meetings and the deadline dates may be obtained from the Foundation Office or the website (www.anglicanfoundation.org).
Submission date: January 1, 2013 Meeting date: Winter meeting of the Board
Submission date: April 1, 2013; Meeting date: Spring meeting of the Board
Submission date: September 1, 2013 Meeting date: Fall meeting of the Board