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Hudson River Bank & Trust Company Foundation

The Hudson River Bank and Trust Company Foundation, an extension of Hudson River Bank and Trust Company is committed to providing funding to support charitable causes and community development activities in the counties of Albany, Columbia, Dutchess, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, and their neighboring communities. The Foundation concentrates in grantmaking in the following areas: health care; human services; community development; economic development; education; art and culture; historic preservation; environmental protection and youth development.

HUDSON RIVER BANK AND TRUST COMPANY FOUNDATION AWARDS GRANTS TOTALING OVER $500,000

Guidelines for Grant Requests

The Hudson River Bank and Trust Company Foundation makes grants to support programmatic efforts on a year-by-year basis. Requests for charitable donations under $1,000 should be made at the community level, preferably through the Bank's local branch. Organizations may submit one request for support of any kind during a calendar year. Organizations submitting proposals may not submit separate requests during the year for fundraising events, conferences or other special events to benefit their organization.

Grant applications may be submitted at any time; there are no deadlines. All grant applications are reviewed by the Directors of the Hudson River Bank & Trust Company Foundation. Requests for grants under $1,000 will also be screened by local Bank employees. Only complete proposals will be given full consideration. Proposals sent via fax are not accepted. Requests will be processed within 60 days.

As a practice, the Foundation does not ordinarily contribute to the following:

• Individuals
• Political Organizations
• Debt Liquidation
• Religious Groups for sectarian purposes
• Memberships for which the Bank receives a benefit

HOW TO APPLY FOR A GRANT

The Foundation recognizes that nonprofit organizations serving the Bank’s communities range in size from small grass roots groups to large institutions. To facilitate the grant application process, the Foundation has developed a streamlined process for requests under $1,000 and a more formal application for request over $1,000.

To Request a grant Under $1,000:

1. Submit a cover letter on the requesting organization’s official stationary and mail to:
   
   Hudson River Bank & Trust Co. Foundation
   Holly Rappleyea, Foundation Secretary
   P.O. Box 76
   Hudson, NY 12534.

The letter must include the amount requested, the purpose of the grant, and the name and telephone number of the contact person

2. Attach a brief description of the organization’s purpose, history, and accomplishments.
    
3. Indicate the operating budget for the current year.
    
4. Include a list of the organizations and foundations that support the requesting agency and the most recent amounts contributed.
    
5. Attach a copy of an IRS determination letter of tax-exempt charitable status under section 501(c)(3), if applicable.
    
6. List the names and affiliations of the Board of Directors.
    
7. Describe the purpose and amount of the last grant received from the Hudson River Bank & Trust Company or the Hudson City Savings Institution.

To Request a Grant Over $1,000:

Many nonprofit organizations seek charitable funding from a variety of grantmaking institutions. In an effort to reduce the burden of the grant application process for those organizations requesting a grant over $1,000, the Hudson River Bank & Trust Company Foundation uses the NewYork/New Jersey Area Common Grant Application Format. To obtain a copy of this application, please contact Holly Rappleyea at 518-828-4600, ext. 4303.

Grants Versus Sponsorship:

Grants made by Hudson River Bank & Trust Company Foundation are restricted to nonprofit organizations. In general, the Bank does not receive any tangible benefit for the grant.

The Hudson River Bank & Trust Company also supports sponsorships of business-related activities to promote the Bank’s presence in the community. Sponsorships do have tangible benefits such as advertising or entertainment. Requests for sponsorships must be made in writing but do not need to follow the Foundation guidelines and procedures described here. Sponsorship requests may be sent to the Marketing Department, 50 Mohawk Street, Cohoes, New York 12047.

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