Table Of Contents
700.681
AllMCT
1992 (3iniAjh> C C. ^ i/\^
1994-1995
Montana
Cultural Trust
Grant Application
Special Project
Capital Expenditure
Operational Support
Endowment Development
STATE DOOUIViFHTS COirCTlC
1 2004
- NOTE -
iNTANA riATE I !:5U •
1515 r.. 6':. / vr.
r .
Thisisaverycompetitiveprocess.LastLegislativesessionthreetimes
as much money was requested as was available for grants, and the
numberofapplicationsincreased40percent.Thecitizens'committee
thatreviews thegrants requeststhat applicants onlyrequestsupport
A
for their highest priority project second application is deemed
appropriate if it is for a Challenge Grant for Endowment Develop-
ment.
First-time applicants or those who have had unsuccessful applica-
tions are strongly advised to contact the Montana Arts Coimcil staff
for assistance.
MONTANASTATELIBRARY
3 0864 0014 8283 8
MONTANA'S CULTURAL AND AESTHETIC
CULTURAL PROJECTS ADVISORY
TRUST COMMITTEE
In1975,theMontanaLegislaturesetasidea AppointedbytheMontana Arts Council:
percentageoftheCoalTaxtorestoremurals Barry Bonifas, Billings
in the Capitol and support other "cultural JeanDahlnrwn, Forsyth
andaesthetic"projects. Thisuniquefunding JudyEricksen,ViceChair,GreatFalls
source is a Cultural Trust, with money TrudySkari,Chester
allocated every two years. Grant funds are KathrynStewart, Bozeman
derived from the interest earned on the DonThomson,Bigfork
CulturalTrust. MarilynWessel,Bozeman
JanWiberg, Havre
In 1983, the Legislature established a
Cultural and Aesthetic Projects Advisory AppointedbytheMontanaHistorical
Committee with 16 members, half Society:
appointedbytheMontanaArtsCounciland DickKing,Chair, Havre
halfbytheMontanaHistoricalSociety.The TimBemardis,Crow Agency
conunittee reviews all grant proposals and ElaineHoward, Butte
makes funding recommendations to the HarryFritz, Missoula
Legislature, which determines who will KathyMcKay,ColumbiaFalls
receivegrantfunds. EllenSievert,GreatFalls
BettyWhite,Ronan
The Montana Arts Council administers the
programforthe Legislature. ServingfortheMontana Committeefor
the Humanities:
MargaretKingsland,Missoula
For information about Montana Cultural Trust grants, consultation about
specific proposals and assistance in completing grant forms contact:
Montana Arts Coimcil State Historic Preservation Office
316N.ParkAve.,Rm. 252 104 Broadway
MT MT
Helena, 59620 Helena, 59620
406/447-8390 406/444-7715
• GrantsConsultation: BillPratt • HistoricPreservationandArchaeology:
• Budgets,FiscalReportingandPayment Marcella SherfyorHerbDawson
Information: CarleenLayne
Montana Historical Society Montana Committee for the
225N.Roberts Humanities
MT
Helena, 59620 P.O. Box8036
406/444-2694 MT
Missoula, 59807
• Archives: KathieOtto 406/243-6022
• HistoricMuseumsandCollections: • PublicProgramsand MediaProductions
SusanNear
intheHumanities: MargaretKingsland
• Oral History:JohnTerreo
Montana State Library
1515 EastSixthSt.
MT
Helena, 59620
406/444-3115
• LibraryGrants: Richard Miller
Digitized by the Internet Archive
in 2017 with funding from
Montana State Library
https://archive.org/details/19941995montanac1992mont
Application Deadline
By law, the grant application deadlineis August 1, 1992. As this is aSaturday, applications
mustbe handdelivered to the Montana ArtsCouncil offices by 5 P.M. on Friday,July31, 1992,
ordisplay a U.S. Government postmarkno laterthan August^l, 1992. Therewill be no excep-
tions to this requirement. It is recommended that applications be sentby certified mail, return
receipt requested.
Duringthe 1992-1993grantperiod,$1,296,080wasappropriatedbythe Legislature topartiallysupport 101 projectsin
31 communities. Grantsranged from$1,000to$73,400with theaveragegrantamountingto$12,800.Only3percentof
grantrequestswere fullyfunded. Duringthe 1994-1995grantperiod,about$650,000peryearmaybeavailable.
All Cultural and Aesthetic projects must occur betweenJuly 1, 1993, andJune 30, 1995.
How to Proceed
1. Read thisapplicationpacketcarefullytodeterminetheeligibilityofyourproject.
L^. Call theMontana ArtsCouncil ifyou area first-timeorapreviouslyunsuccessfulapplicantorifyou are
subnuttinganapplication foraChallengeGrant.
3. Identify theappropriategoverningunit to submittheapplicationandmake thenecessary fiscaland
administrativearrangementswithofficials.
4. Assembleall historical,descriptive,documentaryand fiscal informationneeded tocompletetheapplicationform.
5. Separatetheapplicationform(coloredpages)and theinstructionsection (whitepages) foreaseofreference.
6. Setasidetimewell inadvanceofthedeadlinetocomplete theapplication. Remember,a"good"applicationnot
onlyrequestsfundsforaworthwhileprojectbutalsorequeststhemwithcompleteinformation,legiblyandwith
abudgetthataddsup.
7. Make surethatyouaccuratelyestimateprojectandorganizationrevenueandexpenditures. Knowwhere
reductionsinexpenditurescanbemade. Ifa smallergrantamountthanyourequested isgranted,youwill need
toprovidearevisedbudget.
8. Havetheapplicationform signedbytheauthorizingofficialofthegoverningunitsubmittingtheapplication.
Makesuretheofficialunderstandstheobligationsandresponsibilitiesofthegoverningunit.
9. Refertothechecklistonpage14and naaketherequiredcopiesofthecompletedformand suppx)rtn\aterials.
10. Sendoriginalandcopiesto: Cultural andAestheticProjectsAdvisoryCommittee,MontanaCulturalTrust,
316N.ParkAve.,Rm. 252,Helena,MT59620.
Call the Montana Arts Council staff (406/447-8390) if you have questions about:
-> the granting process.
project or applicant eligibility.
-> the application form.
proposed expenditures ormatching funds.
We
will bind all applications for Advisory Committee use and ask that you:
1. Collate all materials.
2. Do notbind your application: use paper clips instead of staples.
3. Use standard 8 V^" x 11 paper.
"
1
GRANT
GUIDELINES
1994-1995
Special Project
Capital Expenditure
Operational Support
Challenge Grants for Endowment Development
Eligibility
Applicants Projects
Any person, association or representative ofa governing Applications must be for cultural and aesthetic projects,
unitmay submitan applicationforfunding. includingbutnotlimitedtothevisual,performing,literary
and media arts, history, archaeology, folklore, archives,
The term governing unit includes, but is not limited to, collections, research, historic preservation and the con-
Montanastate,regional,county,city,townorIndiantribal structionorrenovationofcultural facilities. ^
governments. Examplesofeligible applicantsare: county
art or historical museums, public libraries, public educa- Applications are encouraged for projects servingjural
tional institutions or school districts, state agencies, city communities,racialand^ethnicgroups,thedisabledl^nsti-
artsconunissionsorparksandrecreationdepartments,and tutionalizedpopulations,youthandtheagingandprojects
tribalculturaloreducationcommittees.Documentationof addressingtheroleof\^omeninMontana'sculturallife.
governmental statusisrequired.
Matching Funds
The governing unit is the official applicant. It may itself These arefundsotherthanCulturaland AestheticProject
seek funds, or it may sponsor the proposals ofother per- grantsallocatedorreceivedbythegranteeduringthetwo
sons,organizations,associationsorcoalitions.Itmusthave fiscalyearsofthegrantperiodandusedexclusivelyforthe
accountingand financial servicesavailableandmustbear project receiving Cultural and Aesthetic Project grant
ultimate legal and fiscal responsibility for the project, if funds,^ceptforChallengeGrantsforEndowmentDevel-
funded. opment, documentation of matching funds must be re-
ceivedby June30, 1994.
NOTE:Itis the responsibilityofthoseinterested in developing
proposalsforCulturalandAestheticProjectgrants to negotiate Historic Preservation Projects
withthegoverningunittomakeapplication. TheMontanaArts Applicantsproposingprojectsaffectingprehistoricorhis-
Councilwillhelpidentifyanappropriategoverning unit.
toricpropertiesmust:
Non-profitorganizations withstatewideprogramsand/orserv- 1. CevoanltuaacttethteheStpaotsesHiibslteoriimcpParcetseornvatthieosneOfpfriocpee(rtSiHePsOa)ntdo
ices or those serving a significant sub-state region or with a
appropriatenessofplans.
statewideartsand culturalconstituencymayask theMontana 2. Provide SHPO withall relevant informationaboutthe
Arts Council to serveas theirgoverning unitandfiscal agent. propertyand projectplans.
OrganizationsshouldnotassumetheMontanaArtsCouncilwill 3. IncludewiththeapplicationaletterfromSHPOoutlin-
serve this role. This servicemust be requested andapproved in inghowtheprojectcanproceedinawaythatpreserves
writingprior to the timeofapplication. significant historic orprehistoric properties. No funds
will be released until such a letter is received by the
MontanaArtsCouncil.
Grant Categories
Governingunitsmayapply inoneormoreofthefollowing isdescribed in detail, and a separate applicationformfor
grantcategories: SpecialProjectGrants,OperationalSup- eachcategoryisincludedattheendofthispacket. Please
port Grants, Capital Expenditure Grants, and Challenge read theinstructionscarefully.
GrantsforEndowmentDevelopment. Eachgrantcategory
2
Eligibility/Categories
^
Special Project Grants.
Thesegrantsareforspecificactivities,servicesoreventsof preservation, museums and community design in a
limited duration, the expansion of ongoing programs or coordinatedculturalplanningeffort
organizations to meet defined needs, and generation of renovationorconstructionoffacilitiesdedicatedprima-
new sourcesofrevenue. Thesegrants arewell-suited for rilytoculturalactivities
O
small requests and for groups with little grant-writing" Innovative and experimental projects that uniquely
experience. ForSpecialProjectgrantrequestsof$4,500orl serveruraland smallcommunities
less,aseparate applicationpacketis available.
-^SupplicationsThatGenerateNew Sources ofRevenue
TheCitizensAdvisoryCommitteeisparticularyinterested The Legislature may require that grant funds be repaid
inreviewingapplicationswhich:
frominitialearningsoftheprojectand theCulturalTrust
Z1. AChdavlalnecnegethteraadrittsioonfaMlopnetracenpat;ionsofMontanahistory; receivearoyaltyfromfuturerevenues.
Provide new models oforganization, management or
Theseapplicationsmustbeaccompaniedbyaplanthat:
collaboration.
4. Organizationsinrural communitiesmightconsiderthe 1. Describestheproduct,serviceorenhanc^fund-raising
activity;
followingprojectsuggestions:
2. Documentstheneedforsuchaproject;
• screeningsoffilmsorvideosofcu—lturalmerit 3. Delineates how it will be developed, marketed and
•"Chautauqua"-typepresentations ^populareducation financed;
combined with entertainment in the form oflectures, 4. Includesprojectedincomefigures.
concertsandplaysthatareoftenpresentedoutsideorin
atent ApplicationsThatIncrease CurrentStaffor
• creationoffilm,video oraudioproductionsreflecting AddNew Staff
thelocal culture Theseapplicationsmust:
programsaboutlocalhistory,culturalheritageorfolklife 1. Provide a one-page job description for each. It should
• includethejobtitle,qualifications,categoriesandactivi-
• developmentoflow-powerpublictelevisionorpublic ties.
radio stations (NOTE: The citizens' committee places 2. Describehowthisstaffwillbesupportedafterthegrant
lowpriorityonrequestsforproductionandbroadcast period. Whatnewsourcesoffundsmustbeobtained?
equipment.) Howwillyou accomplishthis?
^ (Cooperativeprojectsbetweenorganizationsorcommu-
nities that enhance programs, audiences or organiza- MatchingRequirement
tionalcapabilities Generally each dollar in special project grants is to be
<C^rojectsthatcombinethearts,thehumanities,historic matched with one dollar in cash or in-kind goods and
services.
Operational Support Grants
These grants are for cultural institutions that have been sub-stateregion;
formallyorganized foratleast twoyearswithanongoing • Well-managedandestablishedorganizationsconfront-
programandgenerallywithpaidprofessional staff. ing emergency situations, that is unforeseen circum-
stancesthathaveamajoreffectontheorganizationand
NOTE: Operationalsupportgrants are not intended to reduce call forimmediateaction;
theapplicant'sfund-raising efforts or supportprogram expan- • OrganizationsrecognizedasessentialtoMontana'scul-
sion. tural life because of excellence of programming and
lengthofservice;
Any increase in an organization's budget for the grant • Organizations providing a high ratio ofcash match to
period should only reflect inflationary growth (approxi- theirgrantrequest.
mately 5%) beyond the current fiscal year. Ifthe increase
exceedsinflationarygrowth,usetheSpecialProjectappli- OperationalSupportGrantRequestsfor$20,000orMore
cationform. Applicationsforoperational supportmaybe Submission of a current audit or an unaudited financial
considered in special circumstancesincluding: — reviewsignedbyanindependentaccountantisrequested.
• The development of emerging cultural institutions
groupsintheearlystagesofgrowththatotherwisemeet NOTE: Afinancial review consists principally ofinquiries of
therequirementsfor thiscategory; organizationpersonnelandanalyticproceduresappliedtofinan-
• Organizationswithno localfundingbase; cial data. It is substantially less thorough than an audit and
• Organizations serving the entire state or a significant therebynoopinionisexpressed.Theaccompanyingreportshould
3 GrantCategories
;
statetheaccountantisnotawareofanymaterialmodifications- MatchingRequirement
otherthananyindicatedinthereport-thatshouldbemadetothe Generallyeachdollarinoperationalsupportgrantsistobe
financialstatementsforthemtoconformxvithgenerallyaccepted matched with one dollar in cash or in-kind goods and
principles. services.
Capital Expenditure Grants
Thesegrantsareforadditionstoacollectionorforacquisi- for capital expendituregrants.
tion of works of art, artifacts or historical documents; NOTE: Seepage2 ifthegrantrequestapplies toprehistoricor
historicpreservation;ortheconstructionorrenovationof historicproperties.
cultural facilities. Applications must include renderings,
working drawings or photographs of the facility to be MatchingRequirement
renovated, improved or constructed or the artifacts or Generallyeachdollarincapitalexpenditureprojectgrants
artwork to be acquired. No more than 25% of the total istobematchedwiththreedollarsincashorin-ldndgoods
grantfundsappropriatedbytheLegislaturemaybeused and servicesobtained specificallyforthe project.
Challenge Grants for Endowment Development
NOTE: Organizationscontemplating theirfirstapplication in NOTE:Itis recommended thatpoolingofendowmentfunds be
this category are strongly encouraged to contact the Montana exploredasthismayreduceadministrativecostsandincreasethe
Arts Councilstaff. Legalassistancemayalso hehelpful. yieldobtained.
Thesegrantsareforthecreationorexpansionofpermanent Thepaymentofthegrantwillbebasedonthefundsraised
endowmentsfornon-profitculturalorganizationsorpur- by each participating organization. For example, if
poses.Applicantsmustdemonstrateasignificantneedand $100,000 is requested by four organizations sharing
purposeforthechallengegrant,provideverificationofthe equally,eachorganizationmustraise$75,000inmatching
inviolability of the endowment funds and document a funds. Ifthreeofthe fourorganizations successfullyraise
reasonable ability to provide private or other matching the match, each will receive $25,000 in grant funds. The
fundswithinthegrantperiod.Thesenotchingfundsmust organization unable to raise the entire match will only
notreducethoseraisedannuallybytheapplicant.Endow- receivethatportionofthegrantthathasbeenmatched.
mentsareintendedtobepermanent,withonlytheinvest-
mentearningsavailableforexpenditure. Preparing the Challenge GrantApplication
Creatinganendowment willbea newendeavor formost
Cooperative EndowmentDevelopment organizations. It requires substantial board commitment
Somecommunitiesmaywishtosubmitaproposaltocreate and thedevelopmentofnew fund-raisingskills.
endowments for a number of arts and cultural organiza-
tions or purposes within a city, county or multi-county Past experience indicates preparation well in advance of
region. TTiis specialcaserequiresthefollowing: applicationiscriticaltosuccessfullyraisematchingfunds.
1. Anapplicationformrepresentingthecooperativeeffort Youmustshowyou havedonethefollowing:
and identifyingall participatingorganizationsand the 1. Adopted a policy which might read: "The (name of
fund-raisingstrategytobeused; organization)establishesapermanentendowment.The
2. Completed Charts III and IV (Supplemental Budget principaloftheendowmentwillnotbeexpended.Inter-
Section) reflecting the total expenses and sources of est, dividend income or capital gains growth may be
revenue for theendowment’sdevelopment; reinvested in the principal of the endowment and/or
3. Completed Charts III and IV for each participating used to meet specific financial obligations;"
organization. These charts identify the grant request 2. Created acommitteeofyourboardtoleadtheendow-
and fund-raising responsibilityforeachorganization mentdevelopmentcampaign;
4. Aletterofagreementsignedbytheauthorizingofficial 3. Establishedacommitteeofprofessionaladvisors(such
ofeachcooperatingorganizationindicating: as tax accountants, trust attorneys, insurance agents,
a. Theamountofgrantfundssoughtbyeach; plannedgivingofficers,etc.)tohelpcreatethecampaign
b. Theamountofmatchingfundstoberaisedbyeach; and consultongifts;
c. How program and financial responsibilities willbe 4. Identifiedprospectivedonorsandreceivedpledgesfor
handled; contributionstotheendowmentfund;
d. How the endowment funds will be held, such as 5. Selected theholderofyourendowmentaccount;
pooled in a single account or held in individual 6. Created a fund-raising plan and demonstrated how it
accountsforeachorganization; will be integrated into the overall fundraising of the
e. A description of how endowment income is to be organization;
distributed.
GrantCategories 4
7. Establishedabudgetforraisingthefunds; premiumshavebeenpaid. Matchfrominsurancepolicies
8. Identified anytrainingand infonnationneededby the willbevalued dependingontheage ofthe insured at the
staffandboard;and executiondateofthepolicyasfollows:
9. Determinedthemarketingeffortneededandmaterials 1. Where the insured is not a minor, the valuation is the
to be created to raise the nwtch and to continue to minimumguaranteeddeathbenefitofthepaid-uppor-
develop the endowment beyond the grant period. If tion. The policy will be held until the death of the
available,examplesoffund-raisingmaterialstobeused insured or until the cash value equals the minimum
shouldbeincluded. guaranteeddeathbenefit.
2. Where theinsured isaminor,thevaluationisthecash
MatchingRequirements value of the paid-up portion at the close of the grant
Eachgrantdollaristobematchedwiththreedollars. period,Jtme30, 1995.
• Aminimumofone-thirdofthematchmustbeincash.
• A maximum of two-thirds of the match may be in As the grant selection process is competitive, insurance
irrevocableplannedgifts. should be used only to complete the match. It is recom-
• Amaximumofone-thirdofthematchmaybeinwills, mended thatpoliciesbe limited to board members, long-
devises,bequestsand paid-uplifeinsurance. timedonors,volunteersand staff.
Challengegrantswillbepaidwhenthebenefittingorgani- Tobeeligibleasmatch,certificationmustbesuppliedthat
MCA
zationdocumentsthespecifiedmatch.Organizationsfail- assures policies were procured in compliance with
ing to meet the total match requirement within thegrant 33-15-201 entitled"Restrictiononcontractingforpersonal
period will be eligible to receive that portion of the grant insurance-insurable interests-violation." If available, at-
that has been matched. The review conunittee will be tachinformationindicatingtheagesofindividualsinsured
apprised of an organization's inability to meet the total and theirrelationshiptotheorganization.
match.
Wills,devisesandbequestsshouldindicatethatthebene-
PlannedorDeferred Gifts fittingorganizationisthebeneficiary,theamountandtype
Forpurposesofqualifyingasmatch,adeferredorplanned ofthebequestandthatthefundswillbeplaceddirectlyin
giftmustbe: thebenefittingorganization'spermanent endowment ac-
1. Specifically designated for the endowment or unre- count.Onlygiftsofcashareeligibleinthiscategory.
stricted purposes;
2. Givenorplacedinthepermanentendowmentaccount Adeviseincludesretentionofalifeestateinrealproperty,
duringthegrantperiod; whichistheremainderineitheraresidence,farmorranch.
3. Notcurrentlyheldinapermanentendowmentaccount. It is eligible as match when irrevocably assigned to the
Cash held in other accounts may be used to meet the benefittingorganization.Ifthetrustwasexecutedpriorto
matchingrequirementwhentransferredtotheendow- thegrantperiodandthebenefittingorganizationb^omes
ment account. All matching funds from whatever the irrevocable beneficiary during the grant period, the
sourcesmustbeplacedinthepermanentendowment matchvalueiscalculatedasifthetrust werecreatedatthe
accountonorafterJuly1,1993,andonorbeforeJune laterdateofirrevocableassignment.Thismatchshouldbe
30,1995,anddocumentationofsuchdepositprovided calculatedby an independent source, such asthe donor's
totheMontanaArts Council. taxpreparer,accordingto IRSpracticesand principles.
All deferred or planned gifts will be valued according to The trust must be restricted for use in the benefitting
IRS practices and principles except as otherwise noted in organization'spermanentendowmentaccount.Theprop-
theseguidelines.Thesegiftswillqualifyasmatchingfunds ertymustbeinMontana,withoutlienandownedoutright
onlytotheextenttheyarelegallyirrevocableonthedateof bythedonor.
theirvaluation.
Charitable leadtrusts,giftsofmarketablesecuritiesand
Donations of irrevocable trusts, such as pooled income propertywillcountasmatchonlywhenconvertedtocash
funds, charitable gift annuities and unitrusts, will be eli- and depositedinthepermanentendowmentaccount.
gible as match to theextent that their value canbe deter-
mined in accordance with generally accepted accounting Income-producingproperty: The annual averagenetin-
principles. Pleaseprovide the MontanaArtsCouncilwith comefromthefiveyearsprecedingthedateofapplication
copiesoftrustagreementsanddocumentationofthevalue may be used to estimate the match for the grant period.
ofsuchgifts. Documentationoftransferoftitleortheagreementtomake
such income available to the applicant and of the annual
Life insurance will be eligibleas match ifthe benefitting revenue for thefiveyearspreviousto thedateofapplica-
organizationownsthepolicyandisthebeneficiaryandall tionmustbesubmitted to theMontanaArtsCouncil.
5 GrantCategories
The Holder of the Endowment a. Within30daysofdissolution,thebenefittingorgani-
Theprincipaloftheendowmentmustbeheldinviolableby: zationwill inform theMontana ArtsCouncilofdis-
1. A trustas authorizedby Montana law; solution;
2. An IRC 1.170A-9(e) community trust, fund or founda- b. TheMontanaArtsCouncilwillinformthetrusteeof
thedissolution;
tion;or
3. An IRC 501(c)(3) foundation established to support a c. The holder of theendowment account will transfer
universityorcollegeoperatedundertheauspicesofthe an amount equal to the Challenge Grant and any
Montana Board ofRegentsofHigher Education. undistributedinterestincomeearnedbythatgrantto
the Montana Arts Council forreversion to the Cul-
Trustsheldbyabank ortrustcompanymaybecharged a tural Trust;
minimumadministrative feeof$500peryear. d. Iftheholderoftheendowmentisacommunitytrust,
fund or foundation, or foundation established to
A community foundation is a non-profit charitable trust support a college or university operated under the
servingaspecificgeographicareaandmaintainingendow- auspicesoftheMontanaBoardofRegentsofHigher
ment accounts for donors for various purposes. These Education, the foundation isencouraged to use the
funds are invested together with other foundation assets matching funds and undistributed interest income
and income distributed according to specific agreements. earned by those funds to create oradd to a "field of
Establishment of an endowment account (component interest"fund forMontanaartsandculturalorgani-
fund) within a community foundation may have advan- zations;
tagessuchaseconomicalmanagementfees,accesstoaddi- e. Iftheholderofanendowmentisanauthorizedtrust
tional donors, a variety of ways in which a donor can agent,thematchingfundsandundistributedinterest
contribute and information about planned and deferred incomeearnedbythosefunds willbedistributedto
thebeneficiarynamedintheendowmentagreement.
giving techniques.
TheMontanaCommunityFoundationcurrentlyholdsen- Eligiblebeneficiariesareorganizationswithinthestateof
dowment accounts for a number of Montana arts and Montana organized and operated exclusively for chari-
cultural organizations. For more information contact: Ex- table,educational,religiousorscientificpurposesasshall
ecutiveDirector,MontanaCommunityFoundation,Power at the timequalifyasexemptorganizationsunderSection
BlockBuilding, Helena, MT59601 or443-8313. 501(c)(3) of the Internal Revenue Code of 1954 or the
correspondingprovisionofanyfutureUnitedStatesInter-
The Endowment Agreement nalRevenue Lawand thatmeetthe followingconditions:
1. The organization serves a similar purpose and geo-
Grants and matching funds must be held in Montana graphic area as the organization undergoing dissolu-
financialinstitutions.Trusteeswillhavepowersandduties tion;or
s(pMecCiAfi7e2d-3i0n-2t0h6e).MaDoncaugmeemnetnattioofnInosfttihtuetaiognraeleFmuenntdsmuAsctt 2. Iaftenobeonregfainciizaartyiiosnamneoertgsancioznadtiitoinonth1a,ttsheernvaesnaapppurropporsie-
be provided to the Montana Arts Council prior to the similar to theorganizationundergoingdissolution;or
release ofgrantfunds. Itmust stipulate: 3. Ifnoorganizationmeetscondition1or2,thenanappro-
1. Thatthe endowmentaccountisinviolable; priate beneficiary is an organization organized and
2. Themanagement fee tobecharged; operatedexclusively forartsandcultural purposes; or
3. Anyagreementconcerningaccessto interestincome; 4. Ifnobeneficiaryisnamed,theholderoftheendowment
4. That in the event of the dissolution of the benefitting accountandboardoftheorganizationundergoingdis-
organizationthe followingwilloccur: solutionmustcontactthe Montana ArtsCouncilabout
thedistributionofthese funds.
Evaluation Criteria
Funding recommendations will be based on these theprojectwithin thegrantperiod?
considerations: • Is the project creative, innovative, practical or benefi-
cial?
Quality of the Project • Iftheprojectwillaffectprehistoricorhistoricproperties,
• Do the benefitting organization and its staff and/or whatistheevaluationoftheprojectbytheStateHistoric
volunteers have the technical, artistic and administra- PreservationOffice?
tiveabilitiesandexperiencetocompleteandimplement
EvaluationCriteria 6
