NOTICE FOR 2015 DISCRETIONARY GRANTS

The Foundation will be accepting applications through June 1 for discretionary grants to be made in 2015. The Foundation estimates that approximately $1.677 million will be available for distribution to charitable beneficiaries during 2015. Forty percent (40%) of the amount to be distributed, approximately $670,951, will be distributed to charitable organizations selected by the Trustees in accordance with grant procedures adopted by the Foundation.

The Trustees estimate that the following amounts will be available for distribution in 2015:

Grant Type No. Of Grants Amount of Each Grant
First Tier 2 $100,000
Second Tier 5 $50,000
Third Tier 10 $22,095
The exact amount available for distribution in 2015 will be determined after the Foundation's audited financial statements for the year ended December 31, 2014, are prepared.

If you have any questions regarding the grant procedures or any other matters, please contact the Foundation office which is staffed from 9:00 a.m. until 12:30 p.m. Monday, Tuesday, Wednesday and Thursday.

Jane K. Lowe Foundation Announces 2015 Grant Amounts

In 2015, the Trustees of the Foundation made a distribution to the named beneficiaries of the Foundation, as follows:
Named Beneficiaries Distribution
 
The University of Alabama in Birmingham $579,922.10
Randolph School 82,846.10
Vanderbilt University 82,846.10
Agnes Scott College 82,846.10
Girls Incorporated 82,846.10
Huntsville Boys Club 82,846.10
For 2015, the Jane K. Lowe Charitable Foundation received 106 formal requests for discretionary grants. The total amount available for discretionary grants was $662,768.40, and the total amount requested was in excess of $4.975 million. All of the grant applications were for beneficial projects and programs making the selection of recipients difficult. The Trustees appreciate the interest shown by the charitable organizations that submitted grant applications. A total of 17 grants were awarded for the year 2015.

Based upon a consideration of the grant applications, the Trustees have decided to award the following discretionary grants for 2015 (a more detailed description of the grant awards is attached):

First Tier  
$100,000 HudsonAlpha Institute for Biotechnology
$100,000

305 8th Street

 
Second Tier  
$50,000 The Schools Foundation Inc
$50,000 Still Serving Veterans
$50,000 Huntsville Museum of Art
$50,000 University of Alabama in Huntsville
 
Third Tier  
$26,277.00 Free 2 Teach Foundation
$13,138.50 Huntsville Master Chorale
$13,138.50 Huntsville-Madison County Senior Center, Inc
$26,277.00 Huntsville Symphony Orchestra
$26,277.00 Huntsville Chamber Music Guild
$26,277.00 Huntsville Association of Technical Societies StedTrain
$26,277.00 Therapy Partners, Inc.
$26,277.00 Alabama A&M University
$26,277.00 The Land Trust of North Alabama Inc.
$26,277.00 Fantasy Playhouse
$26,277.00 Independent Musical Productions



Those organizations which were not awarded a grant for 2015 are encouraged to submit a request for discretionary grants to be awarded in 2016. The fact that an organization's grant request was not acted upon favorably should not influence the decision to request a future grant.

Questions and inquiries regarding the grant procedures or any other matters should be made to the Foundation office:

Monday, Tuesday, Wednesday and Thursday
9:00 a.m. - 12:30 p.m.
(256) 536-1231.