Costco Grants – Overview
Costco Wholesale is a strong supporter of education. It has been a prominent supporter of the trusted College Success Foundation. The Costco Scholarships Fund is an old-standing scholarship initiative with annual fundraisers to bring together the business community and individuals.
This aims to find support for under-represented students of color at Seattle University and the University of Washington.
The Costco scholarship program results from the collaboration between Costco Wholesale, Seattle University, the University of Washington and the College Success Foundation.
Costco has run several charitable efforts that are focused on programs that support children, education, and health and human services in the communities it serves. Throughout the year, Costco receives many requests from nonprofit organizations that are working to make a positive impact in the community.
In addition, Costco has supported numerous types of nonprofit and educational organizations with its grants and donations.
Eligibility Guidelines for Costco Grants
To apply for a Costco grant, your organization needs to meet the following criteria:
- Must be 501(c)(3) nonprofit organization
- Focus on supporting children, education, and health and human services
- Monetary requests only
Costco accepts and reviews applications for grants and funds requests throughout the year. Organizations that qualify for eligibility can submit one application per fiscal year (Sep-Aug).
General Information on Costco Grants
Costco Grants are only offered to organizations registered as 501(c)(3) nonprofit organizations with the IRS. The company focuses on providing charitable programs and community-improvement activities in its business markets.
Any 501(c)(3) nonprofit organization that works with children, education, and health and human services is eligible to apply for grants, regardless of their region of operation with Costco locations.
Remember, Costco accepts and reviews grant requests on a rolling basis throughout the fiscal year.
Applying for Costco Grants
Before applying for a Costco grant, the first step is to check if your organization fits within Costco Wholesale’s Charitable Contributions organizations, as per their prescribed guidelines mentioned above.
Once you have read through the guidelines and the resource materials and believe that your organization falls within these parameters, you can effectively review the funding options and decide the proper level of your organization’s funding limit.
If you have a planned fundraising event or program with a specific time limit or deadline, then make sure to apply to Costco grants at least three months before the program or event. This will allow Costco enough time to evaluate and process your funding application.
According to the size and scope of your organization or fundraiser, you can apply for Costco grants using one of two appropriate levels for funding requests:
1 – Warehouse donations – These are meant for local organizations and causes. You can send an application for this Costco grant at the nearest location.
2 – Grant applications are for large organizations with a bigger scope or cause. You will need to submit applications for this grant online on the company’s official website at https://forms.benevity.org/eb5f89d4-4631-4c20-8681-0186712671a0.
To apply for these grants, you will need to provide the following materials:
- W-9 letter
- Cover letter
- Program budget information (of the current and previous year, if applicable)
- Organization’s budget information (of current and past year)
- Measurable Results/Impact Report (most recent year of Costco support, required if your organization has received Costco funding in the past)
In addition, keep in mind that the following entities, organizations, individuals, and reasons are not eligible to apply or receive Costco Grants:
- Individuals (GoFundMe, Crowdfunding pages, etc.)
- Transportation and Travel expenses
- Capital campaigns, building projects or equipment
- Religious organizations for religious purposes
- Political organizations
- Loans or investments
- Salaries or staff training
- Research studies
- Athletic teams, events, booster clubs, or sponsorships
- Animal-related programs (shelters, etc.)
- Merchandise for auctions and fundraisers
- Conferences, symposiums, professional association meetings and conventions
- Individual primary and secondary schools, PTA’s or PTOs
- Merchandising promotion, advertising or partnerships
- Parties, celebrations, festivals, parades and raffles
- General awareness campaigns/advocacy programs
- Deficit funding
- Production/development of books, videos, films, television programs, social media or websites
- Awards, memorials or monuments
Costco grant sizes vary, but applicants must submit applications for funds that are not more than 10% of their program’s overall budget. For new applicants, Costco advises submitting conservative requests for the grant amounts.
To find more information and details of eligibility and application process for Costco Grants, we urge you to visit the official website at https://www.costco.com/charitable-giving.html.
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