- Overview
- Eligibility Criteria
- Grant Categories NOT Funded
- Further Guidelines
- How to Apply
- Loan Cycles
- Review Process
- Contact Information
The Emergency Cash Flow Loan Program is designed to extend a short-term cash loan to an organization experiencing delayed receivables in order that they might continue successful operation until expected funding is received.
The strategy of the Program is to provide loans to organizations that meet the guidelines set forth by the Ausherman Family Foundation that provide funding in an expeditious manner and at a lower interest rate than available from other lending institutions. This funding will be repaid within 45-180 days in order that funds will be available for other similar requests for assistance.
The Ausherman Family Foundation does not fund the following area:
Animals or Animal Organizations
Athletics, leisure, recreation
Environment
Areas considered government responsibility
Charter schools
Private Schools
Frederick County Public Schools
Public safety, disaster preparedness, and relief
Political support
Grant requests of less than $2,500
- A limit of one application per year per organization may be approved.
Organizations that wish to submit a request for the Emergency Cash Flow Loan Program are asked to send two sets, one original and one copy, of the Emergency Cash Flow Loan Application to the Ausherman Family Foundation:
In addition, applicants must sign the Ausherman Family Foundation's Promissory Note.
Please address all materials to:
Joyce A. Heptner, Executive Director
Ausherman Family Foundation
7420 Hayward Road, Suite 203
Frederick, MD 21702
The Loan Program makes short-term (45-180 days) cash flow loans ranging from $10,000 to $25,000 against delayed receivables from government, foundation or corporate grants and contracts.
Loans will be made on a first-come, first-served basis from a revolving funding pool of which the total annual amount available is $50,000.
- The Foundation staff will review loan applications to judge for completeness to ensure that all relevant information is available for review. The organization must provide extensive financial documentation within their loan application to verify their cash need.
- When staff has received all completed application materials, a subcommittee of the Trustees will review and approve loans to be given to qualifying organizations. The subcommittee will judge each organization on its own merits, with no award exceeding the requested amount.
- The loan(s) approved by the subcommittee shall be brought to the full Board of Trustees, either at their next reguarly scheduled meeting, a called special meeting, or in an emergency conference call.
- No member of the subcommittee shall investigate a loan request from an organization of which they are a board member.
If you have questions after reviewing the information above, please contact Joyce A. Heptner, Executive Director, by calling 301.620.4443 or e-mailing info@aushermanfamilyfoundation.org.