The Owatonna Foundation issues grants only to organizations, not individuals, in the Owatonna area recognized by the IRS as 501 (c) 3 organizations (tax exempt).
- Grant applications must have direct relevance to Owatonna and benefit a substantial number of citizens.
- Funds are provided for capital type projects, not for operating expenses.
- Grant deadlines are May 1st and September 1st. The Grant Committee reviews all grant applications and makes recommendations to the Trustees for approval.
- Grants of $25,000 or less can be approved by the Grant Committee. Grants in excess of $25,000 must be approved by the Board of Trustees.