2021-2022 Fiscal Year Grant and Scholarship Amounts - WE ARE NOT ACCEPTING APPLICATIONS AT THIS TIME.
Due to Covid-19 the board of directors for The Exchange is postponing their decision on whether or not Grants and Scholarships will be awarded during the organizations 2021-2022 fiscal year. A final decision will be made in April of 2021 when season begins to wind down and there is more definitive information about the pandemic.
We apologize for the inconvenience and know how much so many of you depend on The Exchange for financial support. We ask for your patience and understanding during this time, The Exchange is in it for the long game.
2019-2020 Fiscal Year Grant and Scholarship Amounts
The Exchange awarded a total of $250,500 in June of 2019.
More Than $8 Million Awarded
Thanks to our many volunteers, consignors and shoppers for their on going support and patronage, The Exchange has been able to award more than $8 million in grants and scholarship in support of our local art community. All of the scholarship and grant monies used for this purpose are generated through the organizations consignment operation.
Through the proceeds of a consignment business, provide financial support to local visual and performing arts organizations and programs, and to students in the visual and performing arts.
- Organization Grants: Organization grants are limited to local 501(c)(3) organizations whose primary purpose is to promote and/or produce visual & performing arts.
- Program Grants: Program grants are limited to visual & performing arts programs produced by local 501(c)(3) arts and cultural organizations.
- Student Scholarships: Student scholarships are limited to local high school and college students pursuing a higher education in the visual and performing arts.
- The application process begins Nov. 1 and closes on Jan. 31 of each year. The Exchange has a firm deadline and therefore applications must be submitted in their entirety before 4:00 pm on Jan. 31.
- In April, the Board of Directors will notify all applicants via email as to whether or not they will be receiving a grant or scholarship.
Each applicant must meet specific eligibility requirements.
- Scholarships are awarded annually to local high school and college students interested in pursuing a higher education in the visual and performing arts. The Exchange is one of Sarasota and Manatee counties largest scholarship providers
- Applicants must be a resident of Sarasota or Manatee County.
- Relatives of The Exchange, board members, employees and their relatives are not eligible to apply.
The Exchange provides grants to support and enrich a variety of programs for local arts and cultural organizations in Sarasota and Manatee counties
- Grants are restricted to organizations whose primary purpose is to promote and/or produce the visual or performing arts.
- Project must take place between July 1, 2020, and June 30, 2021.
- The project must be accessible to the public.
- Applicants must be able to demonstrate that the project has artistic merit.
- Applicants must be exempt from taxation under Section 501(c)(3) of the Internal Revenue Code.
Funds will not be granted for the following:
- Capital Support, including new construction or renovation
- Cash reserve
- Fellowships or scholarships
- Travel, entertainment or housing expenses
- Conference or seminar attendance costs
- Fund raising
- Multi-year projects
- Administration costs not related to the project
- Space rentals not related to the project
- Out of Sarasota County touring of exhibitions or performances
- Real property
- Reduction of existing deficits
- Operating support
- Payroll taxes, pensions or fringe benefits
- Out-of-town audition expenses
- General organizational marketing programs and/or related expenses
To help you prepare, below is a list of required documents in the proper order in which they should be submitted for review.
For Scholarships Applicants
- Personal 300 word essay outlining your educational goals, career aspirations and reasons why you consider yourself deserving of a scholarship.
- Two signed letters of recommendation from a faculty member, instructor or mentor in your proposed field.
- A copy of your most recent transcript is to be sent directly from the institution to: The Exchange, 539 S. Orange Avenue, Sarasota, Florida, 34236. Attention: Executive Director/CEO
- Two proofs of Sarasota/Manatee County residency if you haven't graduated from a local high school. (If you graduated from a local high school, provide the name of the school and the year of graduation.) Proof of residency may include: Florida driver license, Florida voter registration card, utility bill, lease, etc.
- Prior year copy of IRS Form 1040 of any parent, step-parent, or guardian claiming you as a dependent. Information is confidential & social security numbers should be blacked out.
For Grant Applicants
- Application with required signatures.
- Determination letter from the IRS confirming 501(c) (3) status.
- List of Board of Directors - Include address and occupation for each board member.
- Most recent IRS Form 990 unless available on the "Giving Partners" website.
- Current Audited Statement unless available on the "Giving Partners" website.
- Annual Operating Budget for the Organization
- If you are collaborating with other organizations on the project, include letters from the heads of those organizations stating their artistic and financial involvement in the specific project.
- If you received a grant in the past, please submit one copy of all publicity material with the "original" application copy.
Final Report Required from all Grant Recipients
A final report of grant expenditures for 2020-2021 must be completed and returned to the Woman's Exchange by June 3, 2021. Funds not requested for reimbursement by the June 3, 2021 deadline will be forfeited. No exceptions.
Please include the following information along with a copy of the original letter you received:
- Name and contact information of person administering the grant.
- A detailed financial account with receipts substantiating the cost of your project. This report should be presented in the same format as your "Proposed Project Budget," which was submitted with your original grant request.
- Projected and actual expenses, income and attendance are required.
- The report should be signed by the person who administered the grant, as well as the CEO of the organization.
- Please outline in detail how your organization chose to recognize/promote/partner with the Woman's Exchange to help us grow our business and in return, give even more back in the form of grants and scholarship in support of the arts.
Mail to: The Exchange
539 S. Orange Ave.
Sarasota, Florida 34236