- Which activities or costs does the Real Estate Foundation typically fund?
Our grants are typically allocated for costs associated with human resource needs. Examples include, but are not limited to, project coordination and management, consultant fees, communications, travel, production of education materials, workshop delivery and community consultation.
- Which activities or costs does the Real Estate Foundation NOT consider funding?
Even if a project meets our eligibility criteria, there are a few activities for which we will not provide funding. These activities and costs include:
- Purchase of equipment and capital goods;
- In general, printing costs—the Foundation prefers to support online distribution, where appropriate.
In addition, our policy excludes certain broader categories of applications from funding; more information is available on the Eligibility & Criteria page.
- How long does the process take?
For General Grant requests, the time between the application deadline and a decision is about three months to six months – this depends on the quarterly cycle in which the application is invited. It is a two-stage process:
- Stage 1 – within six weeks of the submission deadline, applicants are given feedback and notified whether their application will proceed to Stage 2.
- Stage 2 – shortlisted applicants will be given feedback and invited to submit an updated application. If invited for a funding decision in the immediate quarterly cycle applicants will have about two weeks to update or revise and submit a Stage 2 application. If invited for the subsequent quarterly cycle, applicants will have approximately 10 weeks for updates and revisions.
Following Stage 2 submissions, project leads and partners may be contacted as part of the full due dilligence review.
- Why wasn’t my proposal successful?
There are many reasons why a grant application might not be successful. When declining a funding request, REFBC staff members will make a reasonable effort to provide feedback and suggest improvements that might strengthen future applications.
In many cases, applications are declined because the project doesn’t demonstrate a strong fit with the Foundation’s mandate and granting priorities, or fails to provide clear, detailed information about the project and expected outcomes. Sometimes, even when an application appears to have met the full criteria of the grants program, it might not be approved. Other factors, such as the amount of money available and the relative strengths of competing applications, affect the decision-making process.
- Does the Real Estate Foundation provide funding indirect/administration/overhead costs or organizational development?
Grants are generally intended for time-bound projects or initiatives with specific objectives, activities and deliverables identified.
- Our funding is intended for the non-capital costs associated directly with a project or initiative. These costs might include, but are not limited to; project coordination and management, consultant fees, communications, production of education content, workshop delivery, community consultation and travel.
- We also recognize that any project or initiative is supported by an organisation’s overall operations and we will fund a portion of those costs as a percentage of the total costs. i.e. if appropriate applicants may choose to include "indirect/admin costs" as an expense item on their budget form, and may allocate up to a maximum of 15% of the total expenses.
- Does the Real Estate Foundation provide funding for economic development related projects?
While some projects may have economic development components, we will only consider funding them if their primary focus is on addressing land use related issues or concerns. Aiming to increase the revenue-generating capacity of individuals, organizations, or sectors is not within the scope of Real Estate Foundation funding.
- What size are the grants the Real Estate Foundation typically provides?
The Foundation awards grants to a wide range of projects. We fund small, grassroots projects (typically between $2,000 and $20,000) as well as larger initiatives (as large as about $400,000).
As a rule, our support will not exceed 50% of the cash portion of the project budget. Additionally, the Foundation typically will not act as the sole funder of a project.
- Can we apply for a new grant when our current, Foundation-funded project is still underway?
If this is your organization’s first grant from the Real Estate Foundation, our staff must review your final project report before your organization may submit an application for a new grant. If you have satisfactorily completed projects with Foundation funding in the past, you may apply for a new grant while the current grant is underway. Please contact one of our grants staff for advice.