Grantseeker Information and Guidelines
The Rea Charitable Trust was created in 2009 and is administered by Wells Fargo Bank, National Association, as Trustee. Distributions from the Trust are made exclusively for charitable, religious, scientific, literary, or educational purposes. Mrs. Rea ask the Trustee to give preference to requests primarily for the promotion of the arts. This expressed desire of Mrs. Rea does not limit the ability of the Trustee to exercise its discretion in making distributions from the Trust to qualifying organizations. As Trustee, Wells Fargo Bank, National Association, looks upon its responsibility as an opportunity to perpetuate the love Mrs. Rea had for the arts
The following guidelines and comments are provided to assist applicants in the preparation of a grant request and to provide some insight as to the manner in which grants are considered.
Applications shall be submitted online starting July1, 2015. Only online applications will be accepted. Effective 2010 organizations may apply once every 12 months.
For organizations with the organization’s name beginning with the letter A – L should apply in the Spring and the organizations with the organization’s name beginning with the letter M – Z should apply in the Fall. The Trustee must receive the Application by February 15 of the current year for the Spring distribution, or August 15 of the current year for the Fall distribution. If the 15th falls on the weekend the deadline will be the following Monday.
Grants will only be made to qualifying charitable organizations. Grants will not be made to individuals.
If additional information regarding an application is needed, the Trustee will notify the contact person of the applicant. The application and all materials submitted with it become the property of the Trustee and will not be returned.
Applicants will be notified in writing of the Trustee’s decision.
All recipients are required to make a report to the Trustee as to the utilization or status of awarded funds immediately upon the completion of the project or purpose for which the funds are requested, or annually if not otherwise disbursed. New applications from past recipients will not be considered prior to receipt of the report (interim or final as appropriate) for any previously awarded grant.
The trustees meet on a semi-annual basis to review grant applications. If application is incomplete or if additional application pages are enclosed, application will be returned and may be resubmitted in twelve months.
|Trustee Meeting:||Applications accepted:|
|April Spring||January 1 February 15|
|October Fall||July 1 August 15|
Organizations with the organizations name beginning with letter A- L should apply in the Spring and organizations with the organizations name beginning with letter M- Z should apply in the Fall. Non-profit organizations will be able to apply for a grant from the Rea Charitable Trust once every twelve months. Organizations should apply for only one project or program for their respective cycle.
Wells Fargo Bank, N.A., Trustee
P. O. Box 1959, Midland, TX 79702
Michelle Acton, Vice President and Trust Officer
432-685-5350 | FAX 866-935-0553
Elvira Portillo, Trust Assistant