DSBG Prescreen Eligibility
1. Applicant/Business Owner must not be related to the volunteer philanthropist 2. Applicant/Business Owner must be classified as a member of the disadvantaged community 3. Applicant/Business Owner products and/or services must be aligned with the social cause the volunteer philanthropist is passionate aboutAll DSBG Applicant Requirements:
- Must operate out of an underserved community
- Must be a for-profit small business
- Must not be part of a national chain
- Must have a physical address (No PO Box will be accepted)
- Home-based businesses can apply
- Products and/or Services must be aligned with the social cause
- Must have a business license or have applied for one
- Must have a working phone number, email address, website, or Facebook business page
Fund My Honorarium, Inc. (FMH) at its sole and absolute discretion may accept, deny, or request additional criteria to establish the validity and legality of the owner and business.
Terms and Conditions of DSBG
When an applicant applies for the small business grant and is
approved; the recipient will receive a letter via an email informing them that
they have been awarded the amount requested on the application or an amount the
Volunteer Philanthropist was able to financially assist with.
Pay-It-Forward. In that same email will be an invitation (link/button)
asking the small business owner and/or staff to join FMH and become a Volunteer
Philanthropist to do likewise and help others in the same manner.
The Volunteer Philanthropist honorarium will not be used to
fund small business’s entire operational expenses. The Volunteer Philanthropist
honorariums are only used to assist disadvantaged small business startups with startup
cost or with provisional financial support.
If the recipient decides not to join FMH then they will be
blocked from applying to other Volunteer Philanthropists honorarium for
financial support. Small business recipients are not allowed to seek financial
assistance from other Volunteer Philanthropists honorarium unless the small
business owner and/or staff has joined FMH as a Volunteer Philanthropist and
begin doing likewise by volunteering at local, statewide, or national events,
or create an event using their skills and experience to help others at no cost
to attendees at event, and any funds raised will go directly into their
honorarium to provide financial assistance to other disadvantaged small
businesses and/or students.
If small business recipients have done likewise by joining
FMH to become a Volunteer Philanthropist and begin helping others, then that small
business recipient is able to unlock continuous opportunities to apply and
receive financial support from different Volunteer Philanthropist honorariums.
All small business applicant’s products and/or services must
align with the social cause(s) the Volunteer Philanthropist is passionate
about. Small business applicants whose products and/or services is not the same
as the Volunteer Philanthropists, then that small business applicant may not
receive financial support but will be recommended to apply to a Volunteer
Philanthropist whose social causes are aligned. Volunteer Philanthropists are
empowered with the authority and autonomy to approve or deny an application or
the amount of the grant request.
Reasons Volunteer Philanthropist can and will approve a disadvantaged
small business applicant:
1.
Small business applicants whose products and/or
services aligns with the social cause the volunteer philanthropist is
passionate about addressing
2.
Small business applicant is not a family member
to the volunteer philanthropist
3.
Small business applicant is a representative of
the underserved community
Reasons volunteer philanthropist can and will deny a disadvantage
small business applicant:
1.
Small business applicant products and/or
services does not align with the social causes the volunteer philanthropist is
passionate about addressing
2.
Small business applicant is a family member of
the volunteer philanthropist
3.
Small business applicant is not a member of the
underserved community
Reasons FMH will override a VPs decision:
1.
Volunteer Philanthropist is found to have
committed misconduct
2.
Volunteer Philanthropist is found to have
collaborated to commit misconduct
3.
Volunteer Philanthropist is found to have
inappropriate misuse of FMH site
4.
Volunteer Philanthropist is found to have
approved a Grant above the Award CAP
5.
And any other misconduct that FMH at its sole
and absolute discretion finds that anyone has violated FMH Terms of Service,
Data and Private Policy agreement or Terms of DSBG policy.
Otherwise, Volunteer Philanthropists has the full support of
FMH family behind their decisions.
FMH Grant CAP
Grant Awards will have a maximum cap of $2,000.00 dollars.
Volunteer Philanthropist can award grants from $100 up to $2,000.00 dollars.
Block Grants
Block grant awards will have a maximum cap of $5,000.00 dollars. Block
grants are when two or more volunteer philanthropists use their honorariums to
support a startup or minority business to provide financial aid during an
emergency (e.g. disaster relief, environmental catastrophe, or social upheaval
etc.)
Block grants will be considered an emergency and funds can
be disbursed within 24-72 hours after the application has been vetted and
approved.
FMH Donor Management Fund (DMF)
All donations made to a volunteer philanthropist honorarium are
deposited into FMH Donor Management Fund (DMF). The DMF will function as a
financial repository that permits volunteer philanthropist, donors, parents,
educators, friends, and any interested persons to view the volunteer
philanthropist honorarium goal, total amount earned to date, grants awarded,
and any remaining available funds.
Volunteer Philanthropists must keep in mind that donors who
fund their honorariums are doing so with the understanding that 100% of their
funds (after fees are deducted) will go towards their intended purpose i.e.,
the social cause in the form of a financial grant.
Volunteer Philanthropists must also understand and know that
funds donated to their honorariums are not for their personal use, nor can the
monies be withdrawn from their honorariums for any personal use, nor can the
monies be withdrawn - period. All funds are to be used toward its intended
purpose.
Volunteer Philanthropists must understand and know that
signing up as a Volunteer Philanthropist, FMH has empowered Volunteer Philanthropists
to act as humanitarian agents on behalf of FMH with the authority and autonomy
to award grants to disadvantaged small businesses who operate in underserved
communities for the intended purpose that their products and/or services address
social causes.
At no time will Volunteer Philanthropists have access either
directly or indirectly to funds donors have donated into FMH donor management
fund. If a volunteer philanthropist for any reason decides to delete their
account or leave their account inactive for more than one year all available donations
that remain in honorarium will revert to the DMF and used at FMH sole and
absolute discretion to be applied to the donors intended use i.e., will go
towards the social cause or will be applied towards an FMH program fund that
helps volunteer philanthropists.
FMH at its sole and absolute discretion can and will alter,
modify, or update the Terms of Disadvantaged Small Business Grant, its
Eligibility & Requirements to accommodate social, economic, and industry
changes current and for the future and best interest of FMH organization.
By using https://www.fundmyhonorarium.org
as a volunteer philanthropist, you are therefore consenting to the donations
collection procedures expressed in this Policy. This Policy applies to Fund My
Honorarium, Inc. and it governs all donations collected into FMH donor
management fund (also known as Honorarium). FMH gives permission to volunteer philanthropists
to award grants on behalf of FMH to disadvantaged small business startups who
have been vetted and found legally qualified. It is at FMH sole and absolute
discretion that permission to award grants on behalf of FMH can and will be
revoked at will by FMH leadership sole and absolute discretion.