Policy on Accepting Donations
The Foundation shall accept all donations of cash, cash equivalents and marketable securities. All other donations
in whatever form are subject to approval in advance of acceptance by the Foundation's board of directors. Donations
may be sent to our contact address.
Policy on Grant Making
- The Foundation has established a grant-making committee composed of Norman Marcus and Norman Oberstein. The
grant-making committee reports its findings and recommendations to the board of directors from time to time as
convenient.
- The grant-making committee seeks the advice and counsel of members of its board advisory committee and in its
discretion uses such other sources of information and research as the grant-making committee sees fit. The grant-making
committee establishes its own agenda and timetables for the making of grants subject to the approval of the board of
directors, and meets from time to time as it determines in its own discretion.
- The Foundation will not accept or consider unsolicited requests for grants, but will consider inquiries to
determine the Foundation's interest in the programs and purposes of any other tax exempt 501(c)(3) organization
compatible with the mission and vision statements of the Foundation. Such organization must be either an operating
private foundation or publicly supported. Inquiries should be limited to two pages describing the organization and
the purposes for which the requested funds would be used. If the committee on grant-making desires further information,
it shall issue a request for proposal. There shall be no funding of an entity other than those described above and
funding shall be limited to programs and organizations serving the needs of those in the United States.
- The committee on grant-making shall establish, subject to the approval of the Foundation's board of directors,
further guidelines for the timing of the making of grants, the amount of grants, and the maximum period of time over
which grants will be funded. The Foundation favors grant applications devoted to programs which have the potential to
beneficially impact the broadest American audience.
- In any request for proposals made by the grant-making committee, the recipient shall be requested to provide the
following:
- the
commencement date and history of the organization;
- its stated
objectives and purposes, and a description of the current
services offered;
- the
geographic area served;
- the
organization's clients -- to wit, the targeted population;
- background
on the staff together with the skills and expertise of the
same;
- identification
of the board members and their resumes;
- any
information concerning the organization's reputation in the
community in which it serves;
- the
organization's balance sheet and budget and a summary of its
fiscal management;
- a
statement of the proposed project or program and its goals;
- a
statement of the need being served;
- a
statement of the capacity to implement the proposed plan of
action and the anticipated means to finance the same with
an identification of source of funds and other donors;
- the
percentage of funds the Foundation is being asked to contribute
to the particular program or project;
- to
what extent the organization is able to utilize the writings,
tapes and/or music of Dr. Frederick Lenz (Rama); and
-
current IRS Letter of Tax Status
|
 |
"Compassion allows us to accept everything. That is why there is always a
tear in the eye of the Buddha that no one sees - for the pain and suffering of others. What matters is the
welfare of others. And when you forget that, you forget what matters - and only when you remember that will
Enlightenment occur."
Rama - Dr. Frederick Lenz
|
Small Grants
The Foundation has instituted a small grants program for qualified 501(c)(3) applicants in annual amounts not generally
exceeding $10,000, to be processed on a streamlined basis. The purpose of this program is to assist worthy applicants
which primarily serve a local geographic area and the needs of that community consistent with the Foundation's mission
and vision statements. Unlike the Foundation's other programs, having a program with potential to impact a broad
national American community is not a requirement. The focus here is upon local needs and benefits, including community
action programs and teaching. Applicants should follow the policies and requirements enumerated in paragraphs 3
through 5, above.
|