Hallett Charitable Trusts Grant

The Hallett Charitable Trusts aim to strengthen the Cuyuna Lakes Area through financial support to non-profit organizations. Established by E.W. and Jessie Hallett, these trusts have awarded an average of $1 million annually over the past three years. Grants focus on projects that align with the Trusts' mission and support tax-exempt organizations. Priority is given to local initiatives that promote equity, diversity, and inclusivity, ensuring a lasting impact on the community's educational, health, and cultural opportunities.

History of the Trusts
E.W. and Jessie Hallett created two charitable trusts to perpetuate their philanthropy. Jessie established the Jessie F. Hallett Charitable Trust to continue to provide support to organizations that she had supported during her lifetime. Several years later, E.W. created the E.W. Hallett Charitable Trust and empowered his Trustees to carry out his philanthropic commitment.
The same Board of Trustees administers both Trusts. The conditions and criteria set out herein apply to all grants awarded by the Board of Trustees.
The Trusts award the greater of the net annual investment income or the Internal Revenue Code required distribution amount. In the last three years the Trustees have awarded an approximate average of $1 million in grants annually. Approximately 40% of this amount satisfies distributions required by the Jessie F. Hallett Charitable Trust. The balance is awarded at the discretion of the Board of Trustees.

Eligibility

The Board of Trustees makes grants for projects that meet the Trust mission. Grants will only go to designated organizations that are tax exempt under internal Revenue Code Sec. 501c(3), or that are tax exempt governmental entities.Most approved grants are one year (12 months) in duration. However, in some cases, the Trustees may make multi-year commitments for grants.The Trustees make both program / project grants as well as operational grants, depending on a variety of factors. Operational requests are considered on a case-by-case basis.Most operational grants are made to recipients that have received operational dollars previously or historically from the Trust. All entities that choose to apply for operational funding must meet all other application eligibility, requirements, and terms.Terms and conditions governing operational grants will include but are not limited to:Limits on length of term;Dollar cap to the amount given; andRequirements of documentation of plans and progress to secure grants from additional funders.

Ineligibility

Grants will not be made:To an applicant whose intent is to use the proceeds as a grant to another primary beneficiary.To benefit primarily officers, Board members, or employees of the applicant, individually or collectively.To individuals.previous grant recipients who have not complied with prior grant requirements;endowments; orsupporting organizations under 509(a)(3) of the IRS.