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GRANT PROCESS AND REQUIREMENTS

Guidelines

As a private 501C3 corporate foundation, The Fasken Foundation primarily reviews and grants those requests for youth, health and human services, and education. Operational funds are available with brick and mortar funds more restrictive.

Continuing educational scholarships are also made to the Texas students of: Midland High School, Midland Robert Lee High School, Midland Greenwood High School, and Ft. Stockton High School. These grant requests are made directly through the above individual schools. Also, nursing educational scholarships are available through Midland College. This Foundation does not build foundations for homes or buildings. Telephone solicitations are not considered, nor does the Foundation accept veterans or law enforcement organizations, religious or fraternal organizations, political candidates or parties, propaganda organizations, educational institutions other than accredited colleges or universities, or personal needs of individuals.

Grant requests are reviewed each quarter. Each entity requesting a grant may make only one application annually. Approximately 80% of the grant funds are distributed in Midland, Texas. With the remaining 20% made in those other communities where members and directors live.

The Fasken Foundation board of directors meets quarterly in October, January, April, and July. Application deadlines for these meetings are September 30, December 31, March 31, and June 30. Please note that these dates are arranged in grant year order allowing distributions to be made in a calendar year.

Initial Applicants

For first time applicants, a pre-application letter is recommended. This letter should state the intent and financial needs of the project. After review, a reply with either a notice for a completed application form (SF-CP through SF-8 ) to be forwarded with cover letter of intent and most recent annual financial statement or a notice that your project or need does not fit our required criteria.

Forms for Initial Applicants [PDF format; see usage notes below]

• SF-CP Cover Page
• SF-1 Pre-Application Summary
• SF-2 Funding Request Summary
• SF-3 Institutional Profile
• SF-4 Current Year Operating Budget
• SF-5 Year To Date Budget to Actual Comparison
• SF-6 Prior Year Contribution Analysis
• SF-7 Non-Operating Budget Detail for Capital or Special Project Funding Requests
• SF-8 Non-Operating Funding Summary for Capital or Special Project Funding Requests

Recurring Applicants

The Fasken Foundation accepts portions of the standardized grant application form (SF-CP, SF-2, SF-4, SF-6, and SF-7) developed by the FunderÅfs Roundtable and the Nonprofit Management Center of the Permian Basin Area Foundation ("PBAF"). All grant application requests are required to include a cover letter of intent and the most recent annual financial statement.

Forms for Recurring Applicants [PDF format; see usage notes below]

• SF-CP Cover Page
• SF-2 Funding Request Summary
• SF-4 Current Year Operating Budget
• SF-6 Prior Year Contribution Analysis
• SF-7 Non-Operating Budget Detail for Capital or Special Project Funding Requests

Notes about the Forms

The preceding application forms are in Adobe PDF format. You may be able to complete these forms online via your web browser, depending on your software. However, unless you are using Adobe Acrobat or the most current version of Acrobat Reader you may not be able to save the completed form. This is not a problem with the form; it's simply a characteristic of the software. If you feel that you might want to save the text you enter on the form, we suggest typing it into a separate text document, saving it, then copying and pasting into the PDF form.

All information requests, pre-application letters, and application forms should be sent to:

The Fasken Foundation
Attn: Gerald Nobles, Jr.
P.O. Box 2024
Midland, TX 79702