GCCF Board Approves $7.4 Million in Grant Funding

Business

SRQ DAILY WEDNESDAY PHILANTHROPY EDITION WEDNESDAY MAY 29, 2019

Gulf Coast Community Foundation’s Board of Directors recently approved $7,422,249 million in grants. The bulk of the grant funding—more than $5.3 million—came from donor-advised funds established by donors to Gulf Coast to support their charitable interests. The grants also included more than $1.2 million in distributions from project funds, which organizations entrust Gulf Coast to administer on behalf of charitable projects and initiatives in the community. Recent project fund distributions included $50,000 for Venice Area Beautification Inc.’s Venice Urban Forest project and $85,171 for Charles & Margery Barancik Foundation’s First 1,000 Days Sarasota County initiative. Other grant awards approved included $547,375 in grants from endowed funds designated for specific charitable organizations; $77,300 in Community Grants of $10,000 or less to support programs of regional nonprofit organizations; and nearly $50,000 in disaster grants for continued recovery from last year’s Hurricane Irma and disaster-preparedness for the future.

Gulf Coast Community Foundation

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