How many grants are given in a year and how big are the grants?
We will give up to three grant awards per year. The size of our annual grant pool ranges, depending on how much money our members donate and how much we can raise through corporate matching and other additional sources, such as donations from family foundations.
What’s the process for getting my nonprofit funded?
Members interested in pitching a nonprofit (i.e., becoming a “Grant Champion”) should fill out the PYP Grant Request Form. Submit a copy to info@PYPthehamptons.org by 9 am on September 15, 2024. Up to four members can join together to pitch one nonprofit as a team.
What does “pitching” entail?
Pitches will be made by our Grant Champions to fellow PYP members at our annual Pitch Night, which we’re planning as an in-person event in October. All pitches should be accompanied by a PowerPoint presentation, which will be displayed during your pitch. Your pitch should include details about the nonprofit, the problem the nonprofit seeks to solve, and the project, program, or effort for which you are seeking funding. You may display and/or hand out written and/or audio-visual materials that you or the nonprofit have prepared. All pitches should be no more than 15 minutes and will be followed by a 5-minute Q&A session. Representatives from the nonprofit are not allowed to be present at the pitch, though they may help provide information, resources, or materials for you to use in your pitch or handout to members.
How long does it take to get funding for my project?
Grant Request Forms are submitted and presentations are made approximately two weeks later at Pitch Night. Voting takes place online approximately 2 weeks after Pitch Night. The time between pitching and voting allows the pitching member(s) to field follow-up questions, host follow-up sessions, etc. The winning nonprofit will receive their check approximately 2 weeks after voting.
What if I win?
Congratulations! Your nonprofit will receive the money you secured directly from PYP. There is a monitoring process over the course of the year to make sure that the money goes where it’s supposed to and is used as presented. There is also a final report to detail the grant’s success and document that all funds were used as anticipated.
Are there limitations on grants?
All grantees must have 501(c)(3) status and grant awards must be used to directly support The Hamptons.
How soon can I reapply?
Grand prize grant winners need to wait two grant cycles/years before reapplying. If your grantee isn’t chosen to receive the grand prize grant, you can apply again in the next grant cycle.
Can any of this change?
Yes. We’ve set up this process based on what we think will work best; but if something isn’t working in practice, we’ll address it.
Questions?
Contact us at info@PYPthehamptons.org