Applications are now open for the Libra Foundation Grant Program.
The Libra Foundation is a private foundation established by Elizabeth B. Noyce which became active in June 1989. It is authorized by the Internal Revenue Service to make grants and contributions to charitable organizations other than political organizations.
Since its inception, the Foundation has pursued its goal of improving Maine residents’ quality of life by leveraging its financial assets to spur economic development, further entrepreneurial activity and create jobs in the State of Maine. Thus far, the organization has worked to realize its goals primarily by making grants to organizations that it expects to develop innovative and sustainable Maine-based business initiatives and programs that provide for the welfare and betterment of children. The aforementioned activities comprise the lion’s share of Libra Foundation’s charitable giving.
The Foundation, however, also funds organizations and programs that promise significant social benefit but may lack the ability to develop financial self-sufficiency. To date, Libra Foundation has forged innovative and productive partnerships with organizations such as the United Way and MaineHealth that offer no short-term financial incentive but present the possibility of significant long-term social payback.
In its partnership with MaineHealth, for example, Libra Foundation has developed Raising Readers, a nationally-recognized literacy program that utilizes Maine’s hospitals and pediatrician offices to make books available to the families of Maine’s youngsters. The Foundation has donated millions of books as part of a concerted effort to improve literacy rates in Maine. The Foundation expects that by encouraging parents to read to, and with, their children, Maine’s youngsters will learn to value literacy and become more academically adept.
Therefore, though Libra Foundation focuses its support primarily upon efforts that offer potential economic benefits to the State of Maine and its residents, and the support of children, the Foundation also funds organizations and efforts that work to realize social progress.
In most cases, grants will not exceed $25,000.00.
No matter what the purpose of the project, no application will be considered from an organization unless it has been determined to be tax-exempt under Section 501(c)(3) of the Internal Revenue Code and “not a private foundation” under Section 509(a) of the Code. The Foundation will need evidence of this determination for its files at the time of application for a grant.
For more information, visit https://librafoundation.org/application-procedures