The Asset & Acquisition grant is intended to help eligible arts & cultural non-profits make the most of their facilities, and provide the assets and equipment necessary, to help these organizations offer the best community experience possible.
Donor Name: City of Aspen
State: Colorado
City: Aspen
Type of Grant: Grant
Deadline: 05/31/2023
Size of the Grant: up to $50,000
Details:
Applicants can request support in two categories: Facility Improvements or Equipment Acquisitions. Facility Improvement grants are intended to assist with needed capital maintenance or permanent upgrades within existing facilities, while Equipment Acquisition grants are intended to assist with the purchase of ancillary equipment or assets to increase the effectiveness of organizational programming or operations.
Funding Information
This grant requires matching funds and will cover up to 2/3 of the total cost of any project, up to the $50,000 grant award limit. For example, if requesting the maximum amount of $50,000, applicants must demonstrate that they have at least $25,000 already budgeted to put towards the project cost.
Eligibility Criteria
The Asset & Acquisition grant is open to arts & cultural non-profit organizations who meet the following criteria:
- For Facility Improvements Grants:
- The improvement must be proposed for a property within the Aspen Urban Growth Boundary that is owned or leased by the applicant organization, with a lease expiring at least five years from the date of grant application, or an option to renew for a period at least five years from the date of grant application.
- For Equipment Acquisition Grants:
- The acquisition application must be submitted by an organization with a physical location within the Aspen Urban Growth Boundary and be intended for use primarily at this location.
Guidelines
- Individual grants are capped at $50,000 each during this pilot year.
- Grants will either be issued for the entire requested grant amount or not be recommended for an award.
- Applicants must submit a quote, estimate, invoice, or other document that provides a basis of costs for the requested grant support.
- Capital campaigns, fundraisers, etc. are not eligible for support via this grant.
- Applicants must demonstrate that sufficient funds exist to enact this project if selected for a grant award.
- The grant request is limited to a maximum of 10% of an applicant organization’s operating budget.
- Assets purchased or improved by grant funding may not be sold or disposed of within two years from the date of purchase.
- Eligible expenses include new projects or asset purchases expected to begin within the grant period and additions to ongoing projects that have not yet been invoiced or paid. Expenses incurred prior to the start of the grant period are ineligible to be funded via this grant.
For more information, visit City of Aspen.
