Latest News – October 4
Climax Funds: First Deadline October 13
If you or your group plan to apply for Climax Area Community Investment Funds (CIFs) then you’d better put the pen to paper, because your “window” of opportunity is closing-in quickly. Letters of interest are due no later than Friday, Oct. 13.
The CIF program was established in 2011 to focus on programs and projects that create a sustainable community benefit. It is administered by a committee comprised of community leaders selected by the Climax Area Community Partnership Panel. This Panel was established by Freeport-McMoRan in 2008 to foster open and ongoing dialogue with the community, allowing the company and the community to work together to develop thoughtful solutions that address community issues.
- Letter of Interest Window: September 1 – October 13
Application Due Date (by invitation only): February 15
Each CIF is governed by a committee of 7 to 10 community representatives as well as two company representatives. The committee reviews all proposals and determines which projects best address the community’s priorities. To find out what was funding in the 2017 cycle: LINK.
Applications must align with one of the established Community Priorities and Focus Area for your community. In addition, they must deliver one of the identified Community Outcomes for your community.
Only IRS determined tax exempt entities such as nonprofits with a 501(c)3 designation, schools and government institutions are eligible for social investment dollars from the Freeport-McMoRan Foundation. Please note, the maximum indirect cost allowed by the Freeport-McMoRan Foundation is 6% of direct project costs.