FAQs

Questions

Grant Questions

What is the Wichita Falls Area Community Foundation (WFACF)?

The Wichita Falls Area Community Foundation is like a charitable bank. The customers deposit/set up their fund, spend/advise where the money goes, and for some, save/endow the dollars. All these transactions are for CHARITABLE CAUSES ONLY.

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Isn’t it better to have my own foundation rather than setting up a fund at the Wichita Falls Area Community Foundation?

People who are considering a private foundation with less than $7,000,000 in assets could consider initiating a charitable fund at the Wichita Falls Area Community Foundation. In most instances, a fund is less expensive than costs associated with a private foundation, i.e. legal, accounting, reporting, administrative costs, etc.

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How do I set up a fund at the Wichita Falls Area Community Foundation?

Call 940-766-0829 or email tpontiuscaves@wfacf.org. There is a New Fund Worksheet that walks you through setting up a charitable fund at the Wichita Falls Area Community Foundation that can be mailed to you OR come by the office at 2405 Kell Blvd, Ste. 100, Wichita Falls, TX 76308. It takes about 20 minutes to set up a fund.

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I saw where the Wichita Falls Area Community Foundation granted $3,954,255 to charitable causes in 2011. Was all of that unrestricted grants where nonprofits completed a grant application and were chosen competitively?

Good question! Remember the first question about WFACF being a charitable bank. WFACF has initiated 199 charitable funds. Of those 199 funds, there are 9 community grant funds and 3 general purpose funds that are totally directed by WFACF.

$3,900,000 of that $3,954,255 was advised by fund holders of those other 190 funds. The WFACF Board and staff are working diligently to grow the amounts in those 9 community funds so WFACF can grant more dollars in the competitive grant cycles.

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If I wanted to make a charitable fund that would be effective after I die, how do I do that?

WFACF can work with donor to initiate a Legacy Fund. This Fund sits at WFACF until donor dies then through donor’s will, the Fund populates to fulfill charitable wishes.

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Our nonprofit receives two kinds of grants from you. What is the difference?

Going back to the first question—charitable bank. Fund holder advises from his/her named fund about the grants that to go to nonprofit. This is called a Donor Advised Grant.

WFACF also has a competitive grant cycle. Nonprofit completes application, application is reviewed by WFACF Grant Committee, and grant award is made according to the Grant Committee’s selections.

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If I don’t want to set up a fund but I want to donate to the Wichita Falls Area Community Foundation, what are the needs?

There are 9 community funds that stand ready to accept donations. These community funds are as follows:

Arts, Education, Disaster, Health, Youth, Seniors, Unrestricted Grants, Volunteer Fire Departments, Extra Mile Fuel Fund.

Additionally, there are a great number of Agency and Designated Fund that accept donations. A current funds list is always available online If your favorite nonprofit doesn’t have a fund at WFACF, perhaps you and a group of friends can initiate a fund for the benefit of your favorite nonprofit. Don’t forget, you can also make a charitable bequest in your will to leave monies to a fund at WFACF.

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How do I donate to the Wichita Falls Area Community Foundation?

WFACF takes checks by mail; stocks (wiring instructions provided),credit cards, by phone or on-line.:

2405 Kell Blvd, Ste. 100, Wichita Falls, TX 76308
Call 940-766-0829 for wiring instructions.
On-line donations http://www.wfacf.org/donations.php

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What is a letter of intent?

A letter of intent is a one page document that tells the “who, what, when, where, why, and how much” of your request. Provide information which tells who your organization is and the general purpose, what the funds will be used for, the area and group of people that are served, why there is a need, and how much you are requesting.

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Is a letter of intent required for the Volunteer Fire Department grant application cycle?

No, the letter of intent is just used for the Unrestricted Grant cycle due to the volume of requests that are received for each semi-annual grant cycle. See the FAQ’s – VFD Grants for further details on that application process.

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How will I know to submit an application after the letter of intent has been submitted?

Each request will receive a reply within two weeks after the LOI is due, either a letter stating that the request will not be considered at this time, or asking for a complete grant application packet to be submitted. All complete grant applications will be due within 30 days from the letter of intent deadline, see Grant Application for deadlines.

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Why do I have to submit my application in multiple copies?

The WFACF grant committee is also a non-profit organization with a limited budget and staff for processing applications, therefore we ask that you submit your application in multiple copies, one for each grant committee member to review, due to the volume of requests that we receive.

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Are there restrictions on what a grant can be used for?

Yes, see Grant guidelines and grant restrictions under our Grant Policies section.

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When will I know if my organization has been awarded a grant?

The grant applications are processed into a database, reviewed by the grant committee members, and recommendations are made to the Board of Directors for approval of grant awards. Once the awards are approved by the Board of Directors, letters will be mailed to all applicants, usually within 90 days of submitting the grant application package.

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Once our organization has been awarded a grant, when will we receive the funds?

Unrestricted Grant awards will be distributed in April each year.

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How often can I apply for a grant reward with WFACF?

An organization can only receive one Unrestricted Grant award in a 12 month period.

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My grant award contract states that a final report is required. What information is needed on a final report?

The final report should be a short report which gives information regarding the status of the project and expenditures, as well as what the funds were used for.

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