MWC Foundation

The MWC Foundation of the Economics of Philanthropy and the Nonprofit Sector course at the University of Mary Washington is offering a $10,000 funding opportunity to 501(c)(3) organizations in the area.

The mission statement of the MWC Foundation is as follows:
As the Mary Washington Centennial Foundation (MWC Foundation), it is our mission this year to provide financial support to organizations based in the Fredericksburg region currently offering services or programs that build character, educate, or help to improve future generations in the community. Special consideration may be paid to programs geared towards youth and/or after school activities. The region is defined as the City of Fredericksburg, as well as the counties of Spotsylvania, Orange, Culpeper, King George, Stafford, Caroline, the Northern Neck region, and the Middle Peninsula.

To apply, submit the completed application to the address below by October 25, 2008 (Postmarks honored).

Application forms in Word and PDF format are attached.

If there are questions, please contact Dr. Robert S Rycroft by return e-mail.

MWC Foundation
c/o Dr. Robert Rycroft
Department of Economics
University of Mary Washington
1301 College Avenue
Fredericksburg, VA 22401

This Fall a significant funding opportunity will be available to local area charitable (501(c)(3)) organizations. Students at the University of Mary Washington will be able to take a course entitled ECON 324-Economics of Philanthropy and the Nonprofit Sector. The aspect of the course of most interest to you is the semester-long class project. Thanks to the generosity of Doris Buffett’s Sunshine Lady Foundation, the class has been given $10,000 which it will use to make grants to local charitable organizations.

My students will simulate the activities of a foundation. They will write a mission statement, solicit applications for funds, and select recipients. The class starts on August 26. The mission statement and application form should be available on or about October 1. The application deadline will be on or about November 1. The grant (or grants) will be announced at a public ceremony on Tuesday, December 2.

This is the fourth year the course has been offered. Previous recipients of grants have included Hope House, the Fredericksburg Regional Boys and Girls Club, Rebuilding Together, Homes for America: Heritage Park Academic Achievement Program, National Housing Trust/Enterprise Preservation Corporation and Fredericksburg Counseling Services. Based on the names of the recipients, you can tell what has interested my students in the past. Whether this year’s students will want to continue funding these types of organizations or something entirely different remains to be seen. New students bring new ideas. To maximize the educational value of the project, the project will be student-directed as much as possible. Neither Doris Buffett nor I will have much say in the class mission statement.

We anticipate this course to be an annual offering at UMW for quite some time in the future.

Please feel free to circulate this message among your associates.

I will be happy to answer your questions about the project. Please contact me by e-mail at rrycroft@umw.edu or by phone at 540-654-1500.

Yours truly,

Robert S Rycroft

Professor of Economics

Department of Economics

University of Mary Washington

Fredericksburg, VA 22401

540-654-1500

rrycroft@umw.edu