SPECIFIC PURPOSE GRANTS: INFORMATION SHEET   A Specific Purpose Grant allows interested parties to do their fundraising for their specific goals using CFAC’s not-for-profit status and under the coverage provided by CFAC’s liability insurance.     These grants are made available to assist parent and community groups achieve their goals using preferred tax status and limited liability.   APPLICATION   A completed application form must be submitted by the person(s)representing the parties which are to receive the Specific Purpose Grant funds.  This application must include: ·        Name of school for which funds are being raised ·        Outline of purpose (reason) for which funds are being raised ·        Fund raising events and dates of such events ·        Name of contact/treasurer of fund raisers ·        Address of contact/treasurer of fund raisers ·        Email of contact/treasurer of fund raisers ·        Phone of contact/treasurer of fund raisers ·        Signature of group representative                  Applications may be submitted at anytime throughout the year, but must be submitted and accepted before any fundraising begins.   FEES AND CONDITIONS   For the use of a Specific Purpose Grant, CFAC charges a 5% fee of all monies deposited into applicant’s Specific Purpose Grant Account. We are a volunteer organization but still incur operating expenses and this nominal fee is charged to offset usage of our tax status and liability insurance.   This fee will be deducted monthly from all new monies deposited into applicant’s Specific Purpose Grant. A statement will be sent monthly which will reflect all monies deposited, 5% fee paid, any withdrawals (payments) made and Grant balance.   All deposits made into a Specific Purpose Grant must reference school/event. Checks should be made payable to CFAC- Connetquot Foundation for the Advancement of Children. Cash will only be accepted with signed receipt.    Withdrawal or payment requests from Specific Purpose Grants must be submitted on Payment Order Forms and should include any/all invoices and receipts. To ensure timely payment, requests should be given a minimum of 7 days prior to need. Payments will be made to the vendors/suppliers/contractor or grantee. Utilization of CFAC’s tax-exempt status will occur when applicable.  All advertisements and press releases for any fundraiser associated with a Specific Purpose Grant must include the clause: Made possible through a CFAC Specific Purpose Grant or In cooperation with a CFAC Specific Purpose Grant.     All advertisements and press releases for any fundraiser associated with a Specific Purpose Grant must include the following disclaimer: “This activity is not sponsored or insured by The Connetquot Central School District or the PTA®s of the Connetquot Schools.”       Applicant representatives are required to attend a minimum of four CFAC general membership meetings and are urged to attend all monthly meetings.   CFAC reserves the right to withdraw sponsorship from any fundraising event it deems is incongruent with our mission goals.   CFAC does not supplement the moneys raised by the group or person(s) who participated in raising the funds.    Reference ID____________   SPECIFIC PURPOSE GRANTS APPLICATION __________________________________________________ Name of Applicant (please print): __________________________________________________ Name of School:  ___________________________________________________ Name of Event to be funded: ____________________________________________________ Explanation of purpose (reason) for fund raising: List fund raising events with dates: ___________________________________________________        ___________________________________________________ ___________________________________________________        ___________________________________________________ ___________________________________________________        ___________________________________________________ *CFAC must be notified immediately of any new fund raising activities and dates via email to: cfac@connetquotfoundation.org Name of contact/treasurer of fund raisers: _________________________________________________________ Address of contact/treasurer of fund raisers (please include town and zip code): _________________________________________________________ Email of contact/treasurer of fund raisers: _________________________________________________________ Phone of contact/treasurer of fund raisers (please include area code): _________________________________________________________ I understand and accept the conditions and terms of this agreement. ____________________________________________________             (Applicant Signature)                                                                ____________________________________________________ (CFAC Representative)     SPECIFIC PURPOSE GRANT WITHDRAWAL/PAYMENT FORM      Reference ID                            ___________________________   Date                                          ___________________________   Name of Representative           ___________________________   Vendor Name (Payable to:)      ___________________________   Sales Tax Exempt Form Used  ____________________________   Reference Event or Use for      ___________________________               ____________________________________________________           ____________________________________________________   Check Number & Date Paid          __________________________