Annual Grant

The Annual Grant supports organizations enhancing the Peaks Island community by reducing economic barriers, improving medical and social services, and providing educational access. Eligible projects include capacity-building, general support, and specific project grants. Applications must be submitted online by 11:59 pm on March 1st, or the next business day if that date falls on a weekend or holiday. Clear financial documentation is required to ensure transparency and accountability in funding.

NOTE: Applications must be submitted online by 11:59 pm on March 1st. If March 1st falls on a weekend or holiday, the deadline will be 11:59 pm of the next business day.
Annual Grants are intended to support island organizations that enrich our community, but in different ways.
What we fund
Peaks Island Fund gives priority to projects or organizations that enrich the island community by:
Reducing economic barriers to living on the islandSupporting services that enhance medical and social needs of islandersProviding enhanced access to educational and enrichment programsPreserving and protecting the island environment
Types of funding include:
Capacity-building grants for activities designed to make an organization stronger, more successful, or more efficient such as improving financial management and development, acquiring technology to improve or expand services, strategic planning focused on achieving a specific goal, and training board, staff, or volunteers.General support grants for the operation of organizationsProject grants for new or expanding projects.Equipment or renovation support needed to meet an organization’s mission. These renovations or equipment cannot be related to or part of a capital campaign.

Eligibility

To receive a grant, an organization or project must:Serve Peaks Island community members.Have potential for continuing impact on the community.Include clear financial documentation (purchases of equipment or services must include estimates provided by external contractors).Eligible organizationsNonprofit, charitable organizations tax-exempt under section 501-c-3 of the Internal Revenue CodeMunicipalitiesPublic schoolsPublic agencies working for the State of MaineIndian tribal governments (or political subdivisions) recognized by the Department of the InteriorGroups without any tax status may apply with a fiscal sponsor that is an eligible organization as described above.

Ineligibility

Without exception, we will not fund:Expenses already incurredPolitical campaignsLobbyingReligious activities, including but not limited to,religious services, promotion of religious beliefs, or activities that are restricted to church or religious group membership.Endowments, capital campaigns, or annual appeals