PURPOSE
The purpose of this policy is to outline the principles and policy statements governing the Foundation’s support to local non-profit organisations and community advocates who actively work to improve the well-being of communities through social services, development initiatives, and community programmes.
This policy establishes a framework to ensure that the Foundation’s support is provided in a transparent, fair and consistent manner while promoting initiatives that create meaningful and sustainable impact within communities.
SCOPE
The Foundation may provide support in the following ways:
- Financial assistance or grants;
- Collaboration on community projects;
- Promotion and visibility for community initiatives; and
- Strategic partnerships for social impact programmes.
ELIGIBILITY CRITERIA
Organisations or individuals seeking support must:
- Be actively involved in community development or social impact work;
- Demonstrate a clear benefit to the local community;
- Operate with transparency and accountability
- Be a registered non-profit organisation or a recognised community leader with a verifiable track record of service; and
- Align with the mission and values of the Caymanians First Charitable Foundation.
APPLICATION PROCESS
Support must be requested through a written application submitted to the Foundation, outlining:
- Background of the organisation or community leader;
- Description of the project or initiative;
- Expected community impact; and
- Budget or support required.
Applications will be evaluated by the Foundation’s partnership review committee based on:
- Community impact
- Sustainability
- Alignment with foundation goals
- Feasibility of the initiative
SCREENING AND DUE DILIGENCE
As a part of the Foundation’s commitment to transparency, accountability, and responsible partnerships, all non-profit organisations and community advocates applying for support will be subject to background and due diligence screening.
The Foundation will conduct screening using recognised compliance and risk assessment platforms such as World Check or similar systems, to identify any negative media, sanctions, reputational risks, or regulatory alerts associated with the applicant. This screening process is intended to ensure that the Foundation only partners with organisations and individuals who demonstrate integrity, ethical conduct, and alignment with the Foundation’s values.
APPROVAL AND FUNDING
- 1. Approved initiatives will receive support based on available resources and the strategic priorities of the Foundation.
- 2. All approved recipients may be required to sign a partnership or funding agreement outlining responsibilities and expectations.
STINGRAY RAFFLE PARTNER WEEKS
Partner weeks of the Stingray Raffle are grants under this policy.
The Foundation's board selects featured partners from registered non-profit organisations on merit and need, considering community impact, sustainability, alignment with the Foundation's charitable purposes and the feasibility of the proposed initiative.
There is no fee to apply and no cost to be featured. The grant equals the week's net proceeds as certified by the Operator's reconciliation. The Operator is Stingray Raffle Ltd.
ACCOUNTABILITY AND REPORTING
Recipients of support will be required to:
- Provide progress updates or reports
- Demonstrate how funds or resources were used
- Share measurable outcomes or impact within the community
Failure to meet reporting requirements may affect eligibility for future support.
TRANSPARENCY AND ETHICS
The Foundation is committed to fairness, transparency, and ethical practices in all partnerships and funding decisions. Any conflict of interest must be disclosed during the review and approval process.
POLICY REVIEW
This policy will be reviewed annually to ensure it remains effective and aligned with the foundation’s mission and community needs.