NOTICE FOR 2010 DISCRETIONARY GRANTS

The Foundation will be accepting applications through June 1 for discretionary grants to be made in 2010. The Foundation estimates that approximately $1.3 million will be available for distribution to charitable beneficiaries during 2010. Forty percent (40%) of the amount to be distributed, approximately $547,000, 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 2010:
Grant Type No. Of Grants Amount of Each Grant
First Tier 2 $100,000
Second Tier 3 $50,000
Third Tier 10 $19,789
The exact amount available for distribution in 2010 will be determined after the Foundation's audited financial statements for the year ended December 31, 2009, 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 2010 Grant Amounts

In 2010, 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 $462,818.30
Randolph School 66,116.90
Vanderbilt University 66,116.90
Agnes Scott College 66,116.90
Girls Incorporated 66,116.90
Huntsville Boys Club 66,116.90
For 2010, the Jane K. Lowe Charitable Foundation received 87 formal requests for discretionary grants. The total amount available for discretionary grants was $528,935.20, and the total amount requested was in excess of $5.1 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 16 grants were awarded for the year 2010.

Based upon a consideration of the grant applications, the Trustees have decided to award the following discretionary grants for 2010 (a more detailed description of the grant awards is attached):

First Tier  
$100,000 The Huntsville Hospital Foundation
 
Second Tier  
$50,000 305 8th Street
$50,000 Huntsville Museum of Art
$50,000 Huntsville-Madison County Botanical Garden
$50,000 Still Serving Veterans
$50,000 University of Alabama in Huntsville
 
Third Tier  
$18,366 American Red Cross
$18,366 The Community Foundation of Huntsville Madison County
$18,366 Greater Huntsville Humane Society
$18,366 Huntsville Chamber Music Guild
$18,366 Huntsville Symphony Orchestra
$18,366 Huntsville-Madison County Senior Center Inc.
$13,645 National Children’s Advocacy Center
$18,366 Neighborhood Concepts, Inc.
$18,366 New Hope Children’s Clinic
$18,366 Second Mile Development Inc.



Those organizations which were not awarded a grant for 2010 are encouraged to submit a request for discretionary grants to be awarded in 2011. 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.