COMMUNITY  | Community Impact Fund


VECTOR WEALTH STRATEGIES COMMUNITY IMPACT FUND

 Recipients - May 2017

   

Huntsville STEAM Works ($5,000)

Huntsville STEAM Works is a non profit centered around education in Science, Technology, Engineering, Art and Mathematics (STEAM). Our grant will go to provide scholarships to summer camps providing the tools needed to foster creativity and innovation.


Kids to Love ($5,000)

Kids to Love focuses on meeting the needs of foster children in North Alabama with an ultimate goal of finding them a "Forever Family." Our grant will go to the "More than a Backpack" campaign to provide backpacks and school supplies to foster children in North Alabama.



Previous Grants

In 2016, The Community Impact Fund awarded a total of $18,000 in grants to Building Relationships in Community ($2,500), United Cerebral Palsy of Huntsville ($3,000), Lincoln Village Preservation Corporation ($3,500), Summer Adventures in Learning ($2,500), Free 2 Teach ($2,500) and New Hope Children's Clinic ($4,000).

In 2015, The Community Impact Fund awarded a total of $20,000 in grants to Wings of Faith Foundation ($4,000),
AGAPE of North Alabama ($3,000), The Liberty Learning Foundation ($3,000), The CornerStone Initiative ($5,000), and The Huntsville Inner City Learning Center ($5,000).

 

About the Fund

The advisors of Vector Wealth Strategies created the first corporate giving fund with the community foundation of Huntsville/Madison County, the VWS Community Impact Fund. A corporate giving fund provides a charitable vehicle for a company and its employees.

Vector Wealth Strategies is dedicated to giving back to the community. We actively support local and national charities. We think it is important that as we encourage clients to include charitable giving in their estate planning, we demonstrate that our company recognizes the importance and the joy of giving.



Grants

As a part of our ongoing commitment to promote philanthropy in our community, the Vector Wealth Strategies Community Impact Fund began offering grants in 2015. The primary purpose of our fund is to promote philanthropy and encourage others to be involved in giving back to and investing in our local community. We have decided to set aside 10 percent of the profits of our LLC each year to fund grants for local nonprofits. Our vision statement is: Impacting our community through investments and involvement.

We have formed a Community Impact Fund Grant Committee made up of leaders and advocates from our community who will be responsible for reviewing and selecting grant recipients. To nominate a charity, please complete the grant application below and return it to our office. The deadline to submit applications for the next round of grants will be October 13, 2017.

Regarding selection of grants, we want to offer the following guidance:

  • Our primary objective is twofold: helping people and encouraging others to do the same. We want to invest specifically in the lives of the people we encounter every day. This would mean that the charities we would want to support would typically be focused in one of four categories: education, health services, human services, or disaster recovery.
  • We want to focus our support on nonprofits that are located in and serving people from the Tennessee Valley. We would give preference to, but not limit, grants to nonprofits serving Madison County.
  • We want to promote community involvement and encourage others to invest in the people they encounter every day as well. Therefore, we would prefer to offer matching or challenge grants that require other individuals to be involved in order to receive the entire grant.
  • The spirit of our grant is intended to be “grass roots,” meaning that we would like to see volunteers submitting the grant applications, telling why the organization is important to them and how they are personally involved physically and financially.
  • While there may be some specific programs we would consider supporting if they were within the scope of our primary objective, we would not as a rule of thumb provide grant money for organized athletics or churches (Religious affiliation is not an issue.).
  • To be eligible for a grant, an organization must qualify as a nonprofit under the 501(c)(3) tax code. Once an organization receives a grant, we would not typically reconsider them for another grant for 18 months.

Click here to download the grant application and submit it through e-mail to josh@vectorwealthstrategies.com by close of business on October 13, 2017.

 








  Phone: 256-469-7711

  Fax: 256-469-7729 

  Office Location:

401 Meridian Street
Suite 305
Huntsville, Alabama
35801

  E-Mail:

questions@vectorwealthstrategies.com

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