Committee on Contributions approves FY26 funding recommendations, adds midyear-report requirement

The Committee on Contributions voted Tuesday to forward fiscal-year 2026 funding recommendations to the Trust Board and to change grant eligibility rules so organizations that fail to submit a required midyear report will be ineligible to apply for funding the following year.

Committee members approved a recalculated distribution that recommends funding for 29 organizations — up from 24 in the baseline worksheet presented — and adopted a selection rule to include organizations that scored 80% or higher and received no more than one "no" vote from committee members.

The committee’s staff presenter, Craig (staff), told members the trust’s portfolio produced a roughly 34% increase in distributions compared with the prior year and that the working spreadsheet had been adjusted so the total recommended awards equal the funds available. "Now that we have our investments fully allocated amongst the various investments and professionally managed, we anticipate that they'll continue to grow depending on the market, of course," Craig said.

Why it matters: the committee’s votes set the package the Trust Board will review and introduce a formal compliance requirement into the grant process. Committee members said adding the midyear-report requirement strengthens accountability to the trust and trustees.

Key actions and votes

- The committee voted…