MEMORANDUM To: Professor R. Dolan From: Carolyn Stephens Subject: Proposal for Soliciting Corporate Grants for Youth of America Funding Inc. Date: May 2, 2004 Introduction Youth of America Funding, Inc. is a non profit organization that dedicates its efforts to cultivating happy recreational environments children deserve while participating in those recreational activities and building a sense of self-awareness, confidence, and a sense of community in participants. It is a fairly new organization, and strives to organize exclusively for charitable and educational purposes to provide funding and training to economically distressed communities. However, in order for the organization to meet its objectives, it must have the necessary resources to undertake these projects. It is on this premise, our group, as assigned by you, conducted a research on the feasibility of acquiring corporate grants, in a bid to ascertain which companies would be the most likely candidates to contribute to the organization. Method Once our group decided on what project we would undertake, we all began listing the names of major corporations that we were familiar with. These included: Wal-Mart, PepsiCo, Delta Air Lines, Lowes, Home Depot, Publix, and Target. Each member then assumed the responsibility to do a quick online search to gather the relevant information that would determine what corporations we would do in-depth researches on. We selected four corporations, and the criteria for the selections were based on: their support of local youth groups and communities, types of organizations they contributed to in the last year, the amounts they donated, and their requirements for donations. The four companies we then selected based on these guidelines were: Publix, Home Depot, Delta Air Lines, and PepsiCo. Once the selections were completed, each group member was assigned a company, and we then proceeded to do an intensive research on these companies via the internet, and by directly contacting the customer relations offices. Results Listed below is the information that we found on the selected corporations: Publix Supermarkets Inc. has been a major contributor to non profit organizations both locally, and nationally. On an average, their total contributions to these organizations are approximately twenty five million dollars annually, and this does not include the funds that they raise through selling tokens to their customers to support special events. They have adopted “The Spirit of Giving” as a motto, and have wholeheartedly applied the concept. Some of the major organizations they support are: Special Olympics March of Dimes Children Miracle Network United Way Food Industry against Hunger They are also avid contributors to local events and organizations, such as school programs and many children events. Organizations that are children, and, or health oriented are more likely to received funding from them; this is evident from the organizations they sponsor. PepsiCo gives to the community through the PepsiCo Foundation, the PepsiCo Community Affairs Department and PepsiCo divisions. The PepsiCo Foundation, PepsiCo and its divisions contributed approximately $23.6 million to nonprofit groups in 2003. The PepsiCo Foundation and our operating divisions gave grants to more than 1,000 community organizations, of which a significant portion were organizations championing diversity efforts. Organizations are also supported through gifts in-kind, such as product, premiums, printing, meeting arrangements, and equipment donations, support of events, conventions, journals and meetings. Featured Programs Robin Hood Relief Fund Salvation Army Marathon Kids Mission Sponsor of the YMCA Programs supporting youth International Franchise Association Education Foundation The New Media Summer Program at Purchase College The Essentially Ellington High School Jazz Band Competition & Festival (EE) American Hotel and Lodging Foundation The YWCA/PepsiCo Girls Leadership Program Groups Support Boys and Girls Club Girl Scouts of Westchester NAACP YMCA of Greater New York Youth The PepsiCo Foundation is committed to helping address the needs of today's youth, focusing on: Encouraging physical activity and promoting youth fitness. Skill development, primarily among urban and low-income youth, of leadership, entrepreneurship and other life skills which prepare young people to be successful in post-secondary education and the workforce. Home Depot support organizations and programs that work to Assist at-risk youth (ages 12-18) Established programs that help to develop leaders and encourage young people to become contributing community citizens through job readiness training, leadership development and volunteerism are specifically of interest to The Home Depot Foundation. Grants are directed toward programs that target youth, ages 12-18, residing in under-served communities. Create or rehabilitate affordable housing Some of the organizations they contributed to are: The Center for Children and Youth, Inc., Marietta, GA Atlanta Community Food Bank, Atlanta, GA Boy Scouts of America-Atlanta Area Council, Atlanta, GA Boys & Girls Club of Metro Atlanta, Atlanta, GA Communities in Schools of Atlanta, Inc., Atlanta, GA Cool Girls, Inc., Atlanta, GA Hands on Atlanta, Atlanta, GA Youth Communication, Atlanta, GA YWCA of Greater Atlanta, Atlanta, GA Delta Air Lines gives to over fifty non profit organizations. Their annual donation is approximately $3.2 million, plus an additional $9 million in ticket donations. They place special emphasis on projects that focus on youth wellness, leadership development. Youth Wellness March of Dimes Children’s Miracle Network CARE Leadership Development United Way Safe America Boys and Girls Scout of America. How to Apply The procedures to apply for grants from these corporations are as follow: Publix – A proposal should be sent on the Youth of America Funding, Inc. letter head, and it should be addressed to: Brenda Reid Manager Community Affairs Publix Supermarket Inc. 2600 Delk Road Marietta, GA 30067 PepsiCo - Inquiries concerning the PepsiCo Foundation should be sent to: Director, Corporate Contributions PepsiCo, Inc. 700 Anderson Hill Road Purchase, NY 10577 An organization's request for funds should include: A statement of objectives Concise description of proposed use and primary objective of the grant PepsiCo employee involvement History of achievements List of officers and directors Written evidence of tax-exempt status as defined under section 501(c )(3) of the IRS Code Financial statements Home Depot - The Foundation will consider requests that match its eligibility requirements. All requests are reviewed, and all applicants are notified of the grant decisions. All Home Depot Foundation applications are to be submitted online. Delta Air Lines – Send application to: The Delta Air Lines Foundation Department 983 P.O. Box 20706 Atlanta, Georgia 30320-6001 Conclusion The above mentioned companies are the companies that we feel Youth of America Funding, Inc. should actively pursue in soliciting corporate funds. These companies donate to several non-profit organizations each year. Most of the organizations that receive donations from these corporations are youth organizations, and the donations are substantial in size as mentioned earlier in this proposal. In order to receive funding from companies such as these and these as well, it will be mandatory for Youth of America Funding, Inc. to fully acquire their 501(c) (3) status before applying. Once this status has been obtained, your organization should have no problems obtaining donations from these companies as well as any other possible companies. Finally, we would also suggest that Youth of America Funding, Inc. should mainly target larger corporations in the area, due to the fact that larger companies tend to have substantially more money to donate and tend to make larger donations than smaller companies.