Angel Investors ready to support local groups
Charity: Okotoks Rotary Club handing $20,000 in grants in new program
Wednesday, Feb 14, 2018 06:00 am
Local charities and organizations could find an angel investor in the Okotoks Rotary Club.
The club has launched a new program for 2018 offering up to $20,000 in grants to 15 local organizations for projects and initiatives. Groups selected will make a pitch to Rotary Club members during an Angel Investors night March 28 and find out how much they will receive.
“It’s the first time we’ve done it, we’re inviting local organizations to make applications and those that we pick will come in and do presentations to us and we’ll be spending $20,000 that night,” said club president Steven Eddy.
The program is open to local groups or organizations of all types, from school groups, to sports teams to charities.
“They need to be organizations that are doing good in the community,” said Eddy. “There’s a lot of them and they all need money.”
Applications from individuals will not be accepted.
Eddy said the grants are not intended to go towards regular operations costs.
“We don’t want to be buying their paper or paying their rent,” he said. “We’d like it to be for them doing something.”
Applicants are required to submit a written proposal of no more than 250 words to explain their request, how much funding they need and how the grant will benefit the group or community. A committee will review applications to select 15 to present at the Angel Investors night. Successful applicants will be invited to give a three-minute pitch on March 28.
“At the end of the presentations the Rotary group will convene for a few minutes to score them up and decide who gets what and then we’ll do the presentations,” said Eddy.
The deadline to submit an application is Feb. 21. For more information email email@example.com