NOTICE FOR 2008 DISCRETIONARY GRANTS

The Foundation will be accepting applications through June 1 for discretionary grants to be made in 2008. The Foundation estimates that approximately $1.8 million will be available for distribution to charitable beneficiaries during 2008. Forty percent (40%) of the amount to be distributed, approximately $720,000, 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 2008:
Grant Type No. Of Grants Amount of Each Grant
First Tier 3 $100,000
Second Tier 5 $50,000
Third Tier 10 $22,000
The exact amount available for distribution in 2008 will be determined after the Foundation's audited financial statements for the year ended December 31, 2007, 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 12:00 p.m. Monday thru Friday.

Jane K. Lowe Foundation Announces 2008 Grant Amounts

In 2008, 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 $673,459.85
Randolph School 96,208.55
Vanderbilt University 96,208.55
Agnes Scott College 96,208.55
Girls Incorporated 96,208.55
Huntsville Boys Club 96,208.55
For 2008, the Jane K. Lowe Charitable Foundation received 77 formal requests for discretionary grants. The total amount available for discretionary grants was $770,000.00, and the total amount requested was in excess of $5 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 18 grants were awarded for the year 2008.

Based upon a consideration of the grant applications, the Trustees have decided to award the following discretionary grants for 2008 (a more detailed description of the grant awards is attached):

First Tier  
$100,000 Habitat for Humanity International, Inc.
$100,000

Merrimack Academy for the Performing Arts, Inc.

$100,000

Huntsville Inner City Learning Center, Inc.

 
Second Tier  
$50,000 Alabama A&M University Foundation
$50,000 University of Alabama Huntsville
$50,000 HEALS, Inc.
$50,000 Arc of Madison County, Inc.
$50,000 The North Alabama Science Center, Inc. (Sci-Quest)
 
Third Tier  
$22,000 Hospice Family Care
$22,000 Hospital Hospitality House of Huntsville, Inc. (Blount Hospitality House)
$22,000 Huntsville Symphony Orchestra Association
$22,000 Community Free Clinic, Inc.
$22,000 Therapy Partners, Inc.
$22,000 Big Brothers, Big Sisters.of North Alabama, Inc.
$22,000 Huntsville Chamber Music Guild
$22,000 Madison County Coalition for Healthy Marriages
$22,000 Still Serving Veterans
$22,000 American Red Cross



Those organizations which were not awarded a grant for 2008 are encouraged to submit a request for discretionary grants to be awarded in 2009. 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 - Friday
9:00 a.m. - 12:00 noon
(256) 536-1231.