As of June 14, $103 million from Hawaii Community Foundation’s $194 million Maui Strong Fund had been awarded.The other quarter was spread across more than 170 grantees in amounts between $5,000 and a million dollars.
The foundation is also taking stock of its spending so far and gathering data for a public impact report on the grants it will release by early August, said HCF president and CEO Micah Kane. “We’re definitely going to try and guide as much money as we can based on what we’ve learned,” he said.immediately after the August wildfires. The fund became the principal recipient of private and corporate donations and rose to $193 million.
Of the remaining 174 grantees, 99 received grants of $100,000 or less. Many of the smaller grants were approved in the immediate aftermath of the disaster to infuse the local economy with much-needed cash, Kane said. “Our team is off to a great start working with Maui County identifying ways that we can accelerate those applications. We do see those as a void.” he said.to circulate a resource kit that compiled the descriptions of the 221 projects funded by the HCF as well as the foundation’s instructional documents, using the information on the Maui Strong website, as a guide for other would-be applicants.
Applications could be denied for a range of reasons, including capacity, the timing of the project and whether it aligned with community needs, Nahme said. The foundation does not disclose information about grant applicants, the application itself or the review and evaluation of the application.
Source: Real Estate Daily Report (realestatedailyreport.net)
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