Grant Process
Eligibility Criteria
Majority of our funding is awarded to 501(c)(3) organizations and other tax-exempt organizations identified by our staff. We believe in the power of collaboration and are dedicated to extending our support to those who are making a meaningful impact.
Important Guidelines:
- Eligibility: Only organizations classified as 501(c)(3) in the USA and Nigeria are eligible to apply.
- Impact Reporting: Each grantee will be required to submit a detailed statement outlining how the grant was utilized and the impact it generated. We believe that transparency and accountability are paramount in fostering trust and demonstrating the effectiveness of our collective efforts.
Step-by-Step Grant Process
Our grant application process is designed to be thorough yet accessible, ensuring that we select organizations that align with our mission while allowing applicants to present their stories and visions effectively. Here’s how it works:
Application Submission
Online Application: Begin by completing our online grant application form, which can be found on our website. Be prepared to provide detailed information about your organization, including your mission, programs, and how these align with the goals of the Tayo & Toyin Olubiyi Foundation.
Supporting Documents: Along with your application, you will need to submit relevant supporting documents. These may include proof of your 501(c)(3) status, a budget outline for the proposed project, and any other pertinent information that showcases your organization’s capabilities and impact.
Grant Committee Review
Initial Assessment:Upon receiving your application, our dedicated Grant Committee will conduct a thorough review. This committee comprises experienced professionals who are passionate about philanthropy and committed to identifying organizations that can make a significant impact.
Criteria Evaluation:The committee will evaluate applications based on alignment with our mission, the feasibility of the proposed project, and the potential for measurable impact.
Board Review
Final Consideration: After the Grant Committee review, shortlisted applications will be referred to our Board of Directors. This esteemed group of leaders will conduct a final assessment, ensuring that the selected organizations not only meet our criteria but also embody the spirit of our foundation.
Decision Notification: Once the board has made their decisions, applicants will be notified of the outcome. If selected, you will receive further instructions on the next steps and grant agreement process.
Documents You’ll Need
- Proof of 501(c)(3) or equivalent tax-exempt status.
- Budget outline for the proposed project.
- Organization’s mission statement and program details.
- Previous impact reports (if applicable).
*Ensure all documents are submitted in PDF format and clearly labeled.
Transparency and Accountability
Grantees are required to submit impact reports outlining how funds were utilized and the results achieved. This ensures accountability and builds trust among all stakeholders.
We value transparency and will provide feedback to all applicants, whether or not they are selected for funding.
Grant Application
Frequently Asked Questions
Who is eligible to apply for a grant?
Eligible applicants include nonprofit organizations, and community-based organizations that align with our foundation’s mission in education, health, social welfare, and missions.
What types of projects do you fund?
We fund projects that promote educational advancement, improve health outcomes, enhance social welfare, and support mission-driven initiatives that benefit underserved communities.
How long does the review process take?
The review process typically takes 6 to 8 weeks from the date of submission. Applicants will be notified of any delays.
Can we apply for multiple grants?
Yes, organizations may apply for multiple grants, provided each application is for a distinct project that meets our funding criteria.
How will I know if my application is approved?
Applicants will receive a formal notification via email regarding the status of their application, whether approved or declined.