What is the funding process?

The funding process is as follows:

  1. The Applicant submits a Letter of Intent (LOI) to the Township Supervisor. The Supervisor will put the LOI on the agenda for the next scheduled Board meeting. A Letter of Intent is welcome at any time.
  2. The Board will determine the appropriate committee for the proposed project. The Community Services Administrator will send it to the appropriate committee chair and committee members for review.
  3. The proposal will appear on the agenda for the next committee meeting.
  4. The committee will determine if the proposal fits the mission of New Trier Township, fills an unmet need for township residents, or fills a need in a new or different way. In addition the committee will discuss the viability of the proposal. If interested in the project, the committee will invite the people behind the proposal to their next committee meeting.
  5. The committee will question, probe, brainstorm and offer suggestions during the interview. After the interview the committee will determine if this is a project for the New Trier Township Incubator Program to fund. If yes, the committee will provide a written summary of the committee’s thoughts and the recommended dollar amount to the board of trustees.
  6. At the next board of trustees meeting, a committee designee will present the project to the board and answer questions. The board will make the final decision regarding the project and the grant amount. As in the regular grant process, the board will strongly consider the committee recommendation, but is not obligated to grant funding at all or at the recommended dollar amount.
  7. If approved, a check will be issued within 30 days to a bank account dedicated to the new project or agency.
  8. Grantees will be required to submit quarterly progress reports in a format to be determined by the oversight committee.
  9. The oversight committee will provide a source of information and support to the agency on an as needed or requested basis.

Show All Answers

1. Who may apply?
2. What are the qualifications?
3. What is the funding process?
4. What should be included in our Letter of Intent?
5. If approved, are we eligible for future funding or is this a one-time grant?