Floyd Memorial Foundation Grant Making Policy & Procedures
HISTORY
The Floyd Memorial Foundation was founded in 1978 to provide financial assistance to Baptist Health Floyd. Since our origination, the Foundation has directed millions to hospital programs and initiatives that have supported building a healthier community, purchase quality equipment and technology to advance the quality of care offered to our patients, provide medical scholarships for our associates to help train the next generation of outstanding healthcare professionals, and support community-based health initiatives. Our vision is to provide support for a healthier community throughout the six counties we serve to enable citizens to stay healthier longer and simultaneously reduce healthcare costs.
Through gifts from our patients, physicians, associates, members of the community, corporations and foundations, we help ensure that the most technologically advanced, knowledgeable, highest quality, readily accessible healthcare is available to residents in our region. To our philanthropic partners, we owe our highest admiration and our deepest appreciation.
MISSION
The Foundation serves as the philanthropic affiliate for Baptist Health Floyd. Its mission is to provide support for our hospital to enhance the quality of health in our communities. Our primary focuses include:
Provide support for programs and services that enhance patient care and promote accessible and affordable healthcare
Provide support for preventative care and health education initiatives, and
Expand healthcare support to the communities served
It is the policy of the Floyd Memorial Foundation to contribute approximately 3-5% of the value from its endowment funds each year and up to 50% of the net proceeds from annual event fundraisers to its grant-making program. Grant recipients include departments and services of the hospital and external health-related organizations that serve the greater Southern Indiana community. Approximately 70-80% funds support the hospital annually and 20%-30% support community agencies.
GRANT MAKING INFORMATION
Baptist Health Floyd departments are eligible to make a grant request on behalf of their department or service area. All internal grant requests must have written approval from their department director, supervisor or vice president. Sufficient supplier documentation must accompany grant requests that include purchasing supplies or equipment, including competitive pricing information.
External health-related agencies and organizations are invited to apply for funding from Floyd Memorial Foundation. Only organizations that are tax exempt under Section 501 (c) (3) of the I.R.S. code may apply. The CEO/President of the requesting agency must approve the grant application. Informational materials such as brochures, pamphlets and other marketing materials about the organization or program for which funds are being requested are permitted. Focus areas must be health-related, meet the mission of the Foundation, and support improving or impacting the health or quality of healthcare provided to Southern Indiana residents.
The Foundation does not fund grant requests from the following external entities:
Requests from organizations that are not healthcare related or scope of business is not focused on healthcare initiatives or healthier living
Requests from organizations that do not serve residents in Floyd, Clark, Washington, Crawford, Scott and Harrison counties
Requests from religion-based organizations
Requests from political organizations
Requests from organizations that discriminate against race, sex, religion, ethnicity, color or creed
Requests from individuals
APPLICATION PROCEDURE:
Requests to the Foundation funding must be made in writing via a Floyd Memorial Foundation Grant Application form. Internal and external applications are available on the Foundation website or can be requested from the Foundation office. Completed applications must be submitted with the attachments by 5:00 p.m. on the grant cycle deadline date.
There are two grant submission cycle dates in the calendar year. Deadlines are April 30th and October 31st. One original form and one copy of any attachment are required. Grants that do not meet the grant guidelines or are missing required information will not be accepted by the Foundation. Applications must be submitted or delivered to the Foundation office by 5:00 p.m. on the deadline date. If the deadline falls on the weekend, grants are due the Friday prior to the deadline date at 5:00 p.m. Grants that are mailed to the Foundation office must be postmarked on or before the deadline date. Applications may be e-mailed by 5:00 p.m. on the deadline date.
Baptist Health Floyd requests must be signed by the Director or Supervisor of the grantee, the appropriate Hospital Vice-President, or the President/CEO indicating their support and knowledge of the request. Internal applicants must submit one original completed application and one copy of supplemental materials (project budget, quote, competitive pricing information, etc.)
Community-Based Nonprofit healthcare-related organization applications must be signed by the grantee and the CEO or President of the requesting organization signifying their approval of the grant request (if separate from the grantee).
Please limit answers to the space provided in the application. External applicants are required to provide a cover letter outlining the overall grant request including the amount and one original completed application. One copy of supplemental materials or equipment specifications is required.The Foundation Grants Committee meets twice a year to review and determine grant awards. All applications must receive final approval from the Foundation Board of Directors. Funds are dispersed semi-annually. Please do not contact the Foundation office once an application has been submitted. The Foundation will notify all applicants in writing regarding the status of the grant request within 60 days of submitting the grant proposal.
Applicants may be contacted by a Foundation representative to answer questions, provide additional information, or make a presentation to the Board of Directors to further explain the request.
All correspondence, completed applications, and questions should be directed to:
Executive Director
Floyd Memorial Foundation
2626 Charlestown Road
New Albany, IN 47150
jessica@floydfoundation.org
Community-Based nonprofit grantees must submit a report to the Floyd Memorial Foundation by the end of the following calendar year summarizing the outcome of the funded project to demonstrate how funds have impacted the project and the health status of its constituents. An appropriate timeline to submit the report will be mutually agreed upon by the Foundation Executive Director and grantee following receipt of grant funds.
Please click here to download the Community-Based Nonprofit Grant Application
(This application is for any Community-Based Nonprofit Organization)
Please click here to download the Baptist Health Floyd Grant Application
(This application is for Baptist Health Floyd Departments Only)