REVELSTOKE CREDIT UNION COMMUNITY GIVING PROGRAM

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1 REVELSTOKE CREDIT UNION COMMUNITY GIVING PROGRAM Annually, in January, the Board of Directors will declare the amount of funds designated to the Community Giving Program. Request for applications will be posted in the community. Distribution to successful applicants will be at the Annual General Meeting in April. OBJECTIVE Revelstoke Credit Union is a community partner and will strive to improve the quality of life in Revelstoke. ELIGIBILTY CRITERIA Community Giving will be delivered in partnership and will support groups within the community (rather than individuals) providing benefits to Revelstoke in one or more of the following areas: economic benefits environmental benefits lifestyle benefits social benefits APPLICATION PROCESS Applications for Community Giving support will be considered if they meet the following criteria: compatible with, and provides benefit to the credit union s mission, vision, and values; will engender broad support within the Revelstoke marketplace; and is geographically specific to Revelstoke. Organizations submitting applications for Community Giving support must: be a legal entity; based in Revelstoke have a positive history and possess the capability to manage the project; have the ability to implement the required checks and balances; provide a status report to Board of Directors; be willing to allow Revelstoke Credit Union the sole discretion of continued sponsorship. APPROVAL PROCESS A Committee of the Board of Directors (the Membership and Public Relations Committee) will review all applications, conduct necessary research and develop a recommendation for the Board s consideration. RECOGNITION EXPECTATIONS Revelstoke Credit Union is seeking to compliment community capacity and therefore, does not require exclusive recognition for projects that it sponsors. The credit union will expect to receive appropriate recognition, as determined through discussions with the recipient. This recognition will be commensurate with the scale of its support. Examples may include 1

2 but not be limited to: Photo acknowledgement which may be published in local media, website and inbranch Attendance at Annual General Meeting Status report presented to Board of Directors Acknowledgement of Revelstoke Credit Union support on printed or web-based material associated with project FREQUENCY OF REVIEW The Board of Director s criteria for Community Giving will be reviewed on an ongoing basis. The Credit Union seeks to identify and implement best practices with regard to the approval processes for its Community Giving Program. This could include the outsourcing of various steps in the due diligence process. 2

3 APPLICATION FOR RCU S COMMUNITY GIVING (Please type or print legibly) Name of Organization Address Telephone Registered Charitable Number Contact Person Contact Person - Name and Phone - Title - Signature Fax: Briefly describe the mandate and activities of your organization (include founding date, mission, volunteer base, staff, location and recent accomplishments: Tell us About the Project Project Title Total Cost of Project Amount Requested Project Start Date Project Completion Date Project Description What will the project accomplish? What are the expected benefits to the community of Revelstoke? What needs is the project designed to meet and for what specific population? Who else in the community is working on this issue? What will you do that is different from or better than existing programs? How will you co-ordinate with them? Why do you think this project will work? How will you measure your success? How will this project be financed in the future? Is there anything else you would like us to know about this project? 3

4 PROJECT BUDGET Revenue: Sources of Project Funds Assured Potential Revenue Revelstoke Credit Union Organization s contribution: Cash In-kind gifts (approx value) Volunteer Time * Other (specify) include fees, donations, earned revenue, fundraising, other grants Total Revenue Expenses: Item (Description) Salaries/wages/benefits Profession Fees/Honoraria Rent/Utilities/Telephone Equipment Materials Advertising/Promo Office Expenses (be specific) Other (specify) Costs Total Expenses * suggest skilled labour at $25/hr, unskilled at $10/hr Do you have a reserve fund? How much? $ For what purpose? 4

5 Acknowledgement How will you acknowledge the sponsorship of Revelstoke Credit Union? Attachments checklist: (indicate n/a if not applicable) List of Board of Directors Current Operating Budget Most recent Financial Statements Letters of support from other Project sponsors Cost Estimates/Quotes Other (specify) Authorization Date your Board/Sponsors approved the Application: Authorized Signature: Name: Title: Date: 5

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