Heritage Fund
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GNRHS Heritage Fund


 
The GNRHS Heritage Fund is a member-donated fund established for the "preservation of Great Northern heritage and history." Based on official requests from organizations, funds are distributed at the GNRHS Board's discretion during our annual convention, usually in July.

Previous recipients of Heritage Funds include:

Our own SD45 locomotive, GN 400 "Hustle Muscle" - locomotive batteries
Lake Superior Railroad Museum (Minnesota) - hosting 2009 Duluth convention
Siouxland Railroad Historical Association (Iowa) - GN 1355 steam locomotive restoration - air compressor
Stearns County Pioneer Club (Minnesota) - restoration work on GN depot
Minnesota Transportation Museum - hosting GN 400 "Hustle Muscle"
Iron Goat Trail (Washington) - trail construction and maintenance on old GN "Wellington" line over Cascades
Illinois Railway Museum - restoration of  GN 70104
hopper car
Inland Empire Railway Historical Society (Washington) - move equipment to new location



HERITAGE FUND ALLOCATION POLICY

(Donation Request from GNRHS):

INTRODUCTION: The GNRHS Heritage Fund was created in 1989 to "Provide a continuing source of funds for GN-related preservation and restoration projects. All projects funded must be under the financial and operating control of an organization exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue code." The GNRHS Board of Directors was empowered to select recipients and determine the amounts of awards. Since 1989, thousands of dollars have been distributed, funding many worthy projects managed not only by non-profits but by government entities, individuals, and GNRHS internally. The following Heritage Fund Allocation Policy will clarify the Boardís process for evaluating projects and distributing funds.

ELIGIBILITY: Projects should be under the financial and operating control of an organization exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue code. Exceptions may be considered for projects demonstrating exceptional need and value, but the Board may require additional due diligence to establish the applicantís reliability, integrity and ability to complete the project.

APPLICATION: The applicant should send a formal Request in writing to the President of the GNRHS. The President will then forward it to the Board for consideration. The Request shall include at least the following information:

1) The name, location and mailing address of the applicant organization (or individual), and the name, email and phone number of the person authorized by that organization to request the donation.

2) The organizationís corporate form and status (state non-profit, 501(c)(3), government, LLC, etc.), and the State in which it is registered.

3) A brief outline of the project for which the donation is requested, and how it will contribute to the preservation of the history of the Great Northern.

4) The amount requested, and a description of how the funds will be used. If part of a larger fundraising effort, include an overall project budget and a brief summary of fund-raising goals and progress to date.

5) A project timetable including projected start and completion dates.

Normally, the Board of Directors will select donation recipients at the Board Meeting held at the yearly GNRHS Convention. Exceptions can be requested for time sensitive projects. A request for such an exception, including its motivation or rationale, should be included with the Formal Request. The normal deadline for consideration is two months prior to the next GNRHS Convention start date. Note the Board may not approve all applicants, and may award less than the requested amount.

When a request is awarded, the GNRHS requires the recipient to keep the Society informed about project progress. When possible and practical these progress reports should include photos for use by the GNRHS in its publications.

Above policy does not preclude the Board from donating to deserving projects of its own choice and on its own initiative.