1. The Wachovia Regional Foundation
Photo: Lily Yeh of Village of Arts and Humanities, former Neighborhood Planning Grantee
The Wachovia Regional Foundation

2. Agenda
Mission & Background
Grant Selection
Grant Management
Q & A

3. Mission & Background: Mission
To improve the quality of life for children and families living in low-income communities in New Jersey, Delaware, and eastern Pennsylvania by concentrating resources on comprehensive neighborhood planning and implementation.

4. Mission & Background: Foundation History
Established in 1998 with $100MM endowment
Support the creation and implementation of neighborhood plans
Target low income communities in:
New Jersey
Delaware
Eastern Pennsylvania
Established in 1998 w/Corestates merger through $100MM contribution
Foundation currently has $89MM endowment

5. Wachovia Regional Foundation Programs: Grant Selection
Extensive due diligence process
Organization’s Capacity
Project Viability
Financial Feasibility
Adherence to Guiding Principles
Neighborhood Planning
Three Month Application Review
Neighborhood Implementation
Six Month Application Review
Extensive Application and Due Diligence Process
Analyze
Organization’s Capacity
Project Viability
Financial Feasibility
Adherence to guiding principles
Award is not tied to business relationships

6. Wachovia Regional Foundation Programs: Grants Management
Grant agreement
Measurable outcomes
Performance-based disbursements
On-going relationship and monitoring
Quarterly reporting
Site Visits
Final evaluation
Grants are governed by a formal grant agreement
WHITE Handout which is the grant agreement and outlines measurable outcomes, milestones, and outputs AND shows which partner will do what. It also outlines the payment schedules based on the performance of the project.
Include measurable outcomes
Disbursements are tied to achievement of projected measurable outcomes
Monitoring
Post Award Meetings
Quarterly Interim Reports
Site Visits
Conference calls
Project Trend Cards
Mid-Course corrections
Maintain on-going partnership and monitoring through active phase of grant’s life
Receive final report and perform final evaluation
Document lessons learned and
use information to make enhancements to our grantmaking program