Grantmaking

Eligibility

Generally, loans will be considered to Mid-Hudson Valley human service and safety net organizations that have received a Dyson Foundation grant for unrestricted or restricted support during the last five years, or those that meet our current funding priorities and are meeting critical needs.

Cash Flow Loan Criteria

All recipients who honor the terms of the loan may return to the program for additional funds, however there is a limit of one cash flow loan per calendar year.

Cash Flow Loan approvals are based upon the following criteria:

• The existence of a legally binding contract currently in effect, a written grant commitment, or another legally binding receivable
• The ability to repay as evidenced by the organization’s overall financial health
• The financial management record of the board and executive director

Application Procedure

Step 1: Contact your organization’s program officer at the Foundation to make an initial inquiry and to discuss whether a cash flow loan application makes sense for your organization’s particular situation. If you decide to proceed with an application, you will need a board resolution acknowledging the terms of the loan and intent to repay it.

Step 2: Foundation staff will then assist you in completing an application. After your application is submitted, Foundation staff may also contact the funding agency responsible for the contract or grant against which the cash flow loan will be made.

Step 3: Foundation staff will notify your executive director of the loan decision, and, if the loan is approved, the amount and repayment date of the loan.

For further information, call 845.677.0644 or email your program officer.