Review our Team Grant FAQs
Please review some frequently asked questions about our Team Grants. If you do not find what you’re looking for, do not hesitate to contact us.
Active teams with an endowment balance of at least $2,000 are eligible to apply ONCE PER YEAR. Having a $2,000 endowment balance would result in a $100 cash grant. Grant deadlines are June 15 and December 15. If you’re unsure as to whether or not your team has applied in the past or which cycle your team currently participates, please email grants@midwayusafoundation.org.
No, teams may choose which time of year TO APPLY but cannot apply more than ONCE per year.
Our role as a Foundation is to assist youth shooting teams and their communities raise money for their programs. Receiving a cash grant does just that! While taking a team cash grant is not required we strongly encourage your team to receive the cash grant benefit of your team endowment. We suspect your shooting program could utilize the cash provided by the grant for expenses like ammo, travel, range fees targets, team uniforms and more. Receiving a cash grant is a great benefit to your team members and community for all of their efforts to build your endowment.
Again, we offer two options a shooting team can choose to apply for a cash grant throughout the year, June 15 or December 15. Approximately 60 days prior to each deadline, we post our team grant application. This application is completed through our Online Grant Platform. If you are the primary grant contact for your shooting team, you can register for the online grant platform, by contacting us at Grants@midwayusafoundation.org. Once your grant application is submitted we communicate with your team about the approval and payment process. This must be done each year to receive your funds.
Teams must apply via the MidwayUSA Foundation Online Grant Platform. Upon approval from our Board of Directors, team grant applicants will receive funds through direct deposit or by check, depending on their specification on the team grant application. We always encourage teams to use direct deposit (ACH), as it is quicker and more secure. Grant funds are often paid in August and February.
It was the vision of the Potterfield Family, when they started the MidwayUSA Foundation in 2007, that all donations be permanently endowed – so that they would provide funding benefit forever. It is also part of our by-laws. Most Foundations consider 5% to be the standard annual withdrawal for permanently endowed funds. In order to provide sustainment funding for the life of your shooting team, it is important to cap the withdrawal at 5%. Our Foundation’s investment strategy is focused on long term growth that will provide earnings sufficient to pay 5% grants FOREVER!
Yes. Grant funds may NOT be used to purchase firearms or for political lobbying. Also, because we fund shooting teams, grant funds may not be used to assist a single athlete.
Grant funds are directed to the applicant organization/organization entity/W9 name listed on the grant application. We highly recommend teams choose to have their grant funds directly deposited into the appropriately designated account tied to the applicant organization.
Team grant applications are reviewed by the MidwayUSA Foundation Board of Directors around August and January of each year. Teams requesting to have the funds direct deposited, which is highly recommended, will receive their funds almost immediately after the corresponding board meetings. Paper checks will be processed and mailed to teams soon after those meetings. Teams applying in June can plan to receive their funds in August and those applying in December can expect to receive funds in February.
To keep the MidwayUSA Foundation’s public charity status we must comply with the IRS for our annual tax filing. This requires we list the organizations we support with funds (cash grants) and products (non-cash grants). Your submitted W9 Form ensures that information is correct. We cannot issue cash or non-cash grants without a completed W9.
A SIGNATURE IS REQUIRED TO COMPLETE THE W9. If a signature and date are missing, the form will be returned for completion.
**As a reminder, the MidwayUSA Foundation is not a tax advisor, therefore, we encourage you to contact your tax professional with any questions.**
Yes. Again, to comply with yearly tax filings, we must review/verify the W-9 information with every cash and non-cash grant request.
**As a reminder, the MidwayUSA Foundation is not a tax advisor, therefore, we encourage you to contact your tax professional with any questions.**
Organizations are issued an issuance letter from the IRS upon inception, which will list the EIN (Employer Identification Number) and official name of the organization. Here are a few potential resources to find that letter and/or EIN.
o Check with your school’s business office.
o Check with your banking institution.
o Review past tax filings and/or documentation.
o 4H or FFA team? Contact your local office.
**As a reminder, the MidwayUSA Foundation is not a tax advisor, therefore, we encourage you to contact your tax professional with any questions.**