Richmond County Savings Foundation

Program Guidelines

Granting Criteria

All RCSF grantees must meet the following criteria to apply for funding:

  1. Current with RCSF final reports.
  2. Produce a 990 and financial statements within the last 18 months.
  3. Staten Island based.
  4. Grants will not be issued for events.
  5. Funding requests will only be considered for requests for $1.000 – $25,000.

Amount of Funding will be Determined by:

  • Income level of those served
  • Size of the constituency served
  • Length of program or project requesting funding for
  • Impact of the grant
  • Success of similar programs or projects 

Eligibility

RCSF accepts proposals from Staten Island based nonprofit organizations with IRS 501c (3) status that provide programs and services on Staten Island. All organizations applying to RCSF must be in good standing and current on all
required federal and state filings.

RCSF Initiatives

RCSF Food Pantry Program provides ongoing support to food pantries on Staten Island. The Pantry Program
provides grants up to $5,000 on a rotating basis to pantry/feeding programs.

Application Requirements

An organization requesting a grant will be required to submit a summary of their proposed
request. The following information is to be provided in the summary:

  • Organization Name and Address
  • Telephone, Fax and Email
  • Contact Name & Title
  • Federal ID Number
  • Name and Description of Project or Program
  • Constituency Served by Program
  • Primary Purpose or Need Being Addressed by Program
  • Planned Date of Commencement of Program
  • Project Timeline to include planned Date of Capital Project Completion
  • Total Program Budget
  • Other Sources of Funding Committed or Secured for the project/program. Other Sources of Funds may include
    Reserves, Endowment, In-Kind donations or other. Please specify type and amount.
  • Anonymous and operational funds may not be used towards match.
    (Must meet 75% criteria)

Complete Application Process

After notification from a member of the Foundation staff that your proposal has been selected for further
consideration, the following additional information is to be provided:

• Copy of current IRS Documentation Letter under Section 501 (c) (3) for newly formed organizations.
• Copy of the signature page of your organization’s most recent Charities Bureau filing or its equivalent.
• A list of your Executive Staff and their Titles
• A list of your Board of Directors with their affiliations. Please indicate Board of Directors financial
contributions over the past 12 months.
• Copy of your most recent certified audited or un-audited financial statements
• Program budget listing all expenses and sources of revenue
• RCSF Executive Director reserves the right to request a statement from the organization’s independent
accountant verifying detailed listing of funds restricted for project/program.
• Organization’s Annual Operating Budget (in detail)
• For capital projects, bids, estimates and photos of the proposed project

Failure to include all of the requested information will result in the proposal being returned to the organization.

Organizations will be required to participate in a grantee interview with Foundation representatives prior to the submission to the full Board of Directors. The Executive Director and a Board Member, if available, should represent the organization. 

Proposal Submission

Proposals must be submitted via the Foundation’s website.

Rescission of Grants Policy

RCSF reserves the right to rescind a grant in part or in its entirety if the grant is determined to be a nonperforming
grant or if the grantee organization is not in compliance with or the grant is in any other manner contrary to the
policies and procedures of the Foundation.