Erich & Hannah Sachs Grant

From Erich & Hannah Sachs Foundation

The Foundation's most important guiding principle is that it seeks to engage in philanthropic activities and to fund charitable organizations and institutions that have demonstrated they are self-sustaining, or clearly have the potential to become self-sustaining, or that focus on self-sustaining operations and activities.

Grant uses

Overview

Accordingly, the Foundation's primary focus is dedicated to strengthening the economic base of low income, disadvantaged communities, primarily within the U.S., but also in developing countries. The Foundation has a keen interest in supporting charitable organizations and institutions that have developed clear and effective economic development programs. To this end, the Foundation provides financial support, usually in the form of low interest rate loans known as Program Related Investments ("PRI's"), to a variety of 501c3 tax exempt charitable organizations and institutions. In addition to its PRI program funding, the Foundation also makes charitable grants in the areas of education, health and housing. The Foundation has made grants (in the form of merit-based college scholarships) to low-income San Francisco Bay Area students, as well as to performance arts programs providing economical access to lower income individuals and families.

Eligibility

Organization's Location
USA
Program Location
USA
Organization Type
501(c)(3)
Other

The Foundation recognizes the importance of utilizing its assets to make a meaningful and substantial impact in selected philanthropic activities. To this end, the Foundation is particularly interested in:

  • Clarity: Focusing on problems/issues, and related charitable activities, which offer a clear strategy and solution, to an equally clear social problem.
  • Simplicity: Favoring projects that offer straightforward, problem-solving approaches with an effective and near term outcome or impact.
  • Effectiveness: Requiring a direct and concrete connection between the expenditure of funds and their immediate or near term effect. Special attention is given to low administrative/overhead cost candidate organizations and institutions.
  • Accountability: Emphasizing the funding of organizations, institutions, individuals and families directly responsible and accountable for the effective use of resources.
  • Necessity: The need for funding must be clearly evident and the funding sought cannot readily be obtained from other sources.
  • Leverage: Seeking to provide "seed" or start-up resources in such a way as to result in substantially additional funding than that initially provided. This is accomplished by focusing on charitable organizations and institutions whose activities are self-sustaining, and themselves highly leveraged, by providing matching grants/funding, and other innovative approaches.
not specified

Submission

Required Attachments
Project Budget
Audited Financial Statement
501(c)(3) Letter
Board List