The Tracy Area Community Foundation, in partnership with the Southwest Initiative Foundation, is accepting applications for grants to Tracy nonprofits, schools, government agencies and projects that use one of those entities as a fiscal partner.
“The TACF has discretionary funds that we want to give away,” said Tracy Community Development Director and TACF board member Jeff Carpenter, referring to the group’s new endowment fund, which can potentially grow based on future investments. “What we can give away every year is what the stock market gives us. If we have $100,000 in there and the stock market goes up 10%, we’ll be able to give $10,000 away. This is what the foundation is all about.”
The initial monies that are available are the result of the City’s Burgers, Bands & Brews event this summer and various donations — the City donated proceeds from Burgers, Bands & Brews to the TACF. Funds available to the public this year or early next year from that, total about $3,500. That money can be given away to anywhere between one to four groups in town that are looking for money for a project.
See more in this week’s paper!