AMERICAN SOCIETY OF AGRICULTURAL AND BIOLOGICAL ENGINEERS
GRASS ROOTS INCENTIVE FUNDING PROGRAM
Guidelines for Submitting Funding Requests
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The ASABE Foundation offers the following guidelines for Sections to submit
requests for Grass Roots Incentive Funding to facilitate an event, which a
Section proposes to sponsor. These funds are available from the ASABE Foundation
when such requests are submitted and approved according to the Foundation's
approval procedures and continuing availability of funds.
Section events are to be held in conjunction with Section meetings with the
primary goal of promoting increased meeting participation and member benefits.
While educational and professional benefits to members are elements of intent
and certainly are acceptable qualifying events, other events may include such
activities as golf outings, fishing outings, other sporting events, special
guest speakers or lecturers, other dinner/banquet activities, tours,
transportation, tour refreshments, etc.
The event needs to be carefully planned, described and budgeted so that benefits
to members and Section participation are enhanced by sponsorship of the event.
The need for incentive funding needs to be clearly and adequately conveyed to
reviewers of the incentive funding request. The incentive funding offered is
for event start-up, advanced funding for promotions or expenses prior to
receipt of event income to cover expenses.
While commonly referred to as 'seed money', the Foundation has chosen to call
this an incentive funding program. If the incentive funded event produces a net
income, the incentive funds are to be returned in full or partially to the
Foundation upon completion of the sponsored event. Applicants are asked to note
this requirement and its implications of adequate and accurate record keeping
of income and expenses of the event. These records will become extremely
important if the event does not produce a net income at the close of the event.
In submitting a request, Section(s) agrees to repay the incentive funding if the
net income permits within 60 days of the event. If there are no funds available
to cover repayment from the Foundation-funded event, the Section may request a
waiver for no repayment or partial repayment within 60 days of the sponsored
event.
The general intent of these guidelines is to request basic information about the
event. Identification of member benefits, the need for incentive funding and a
reporting of income and expense records and repayment must be clearly defined.
If this information is not clear, be sure to contact the Foundation
Administrator for clarification prior to signing and submitting an incentive
funding request.
A completed funding request form should be submitted both electronically and by
hard copy to the Foundation Administrator. The approval process is sequential;
the Membership Development Council must endorse the request, followed by a
majority vote of the Foundation Trustees. Approval may take place by e-mail
ballot. Requests for incentive funding may be made anytime during the calendar
year. There is a limited amount of funding available, so funds are available on
a first come, first served basis. The Foundation Administrator targets the
approval process for completion within two weeks of first receipt, so plan
accordingly for early submission and the approval process time.
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