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Fund shifts cycle

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By Todd Cohen

WINSTON-SALEM, N.C. — Starting in 2004, The Winston-Salem Foundation will reduce to three from four the number of times a year it makes grants, and will make grants only twice in 2003.

The move reflects an effort to handle an increase in funds created at the foundation, and in grants it makes.

In 2003, after this fall’s Oct. 1 deadline for submitting grants requests, the foundation will accept grant requests on March 15, July 15 and Nov. 15, and will announce grants based on those requests on June 24 and Oct 28, and in February 2004.

“The staff has had to respond to more and  ore demands,” says Donna Rader, vice president for grants and programs. “There was more activity and we were squeezing it into the same time frame, and doing it without additional staff.”

The change, she says, gives the foundation a little more time to evaluate requests.

While its assets fell to $210 million in 2001, down from $226 million in 2000, the foundation awarded $13 million in grants, up from $11 million.

It received 184 requests for discretionary grants totaling $7.1 million in 2001, up from 150 requests totaling $4.5 million in 2000, and awarded 139 discretionary grants totaling $3.5 million in 2001, up from 107 grants totaling $2.1 million a year earlier.

The number of funds at the foundation grew to 854 in 2001 from 809 a year earlier.

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