About Us   ||   Giving With Us   ||   Grants   ||   News   ||   Professional Advisors   ||   Scholarships
 

 

 

 

 
Grant Glossary
 

Community Trust Foundation, Inc. is a publicly supported, nonprofit Maryland corporation organized to receive and administer funds for philanthropic purposes for the welfare of the citizens of Allegany and Garrett Counties in Maryland and Mineral County West Virginia.

Board of Directors is the group of individuals responsible for the management and governance of an organization.

Federal Identification Number is a nine-digit number identifying an employer for purposes of reporting wages and taxes to the Internal Revenue Service.

Fiscal sponsor is a community organization that is willing to support a specific activity/project of an individual or small group.

Measurable outcome is a description of the standards used to determine the degree of success attained in meeting the project’s objective(s).

Mission statement is a statement of the reason the organization was created and the purpose to which it is dedicated.

Operating budget is a summary of the organization’s estimated income and expenses for the current fiscal year.

Organization objective(s) is a statement of the specific goals(s) served by the funds of the grant.

Project budget is a summary of the estimated expenses related to the grant request.

Service to the community is an explanation of how the project serves the needs of a designated population in Allegany and Garrett Counties in Maryland and Mineral County, West Virginia.

 

 
 
 

 

 
 Home  l  About Us  l  Giving With Us  l  Grants  l  News  l  Professional Advisors  l  Scholarships  l  Trustee Access

This website funded by a grant by the Appalachian Regional Commission
as administered by the Maryland Department of Planning

© The Community Trust Foundation Inc.
71 Baltimore Street l Suite 202 l Cumberland, MD 21502
Telephone Toll free (800)-320-6144 or (301) 876-9172 l Fax (301) 876-9174

website design by