Process & Procedure
• We prefer to fund organizations in which Newfield employees are active.
• Programs should fulfill important community services.
• Programs should benefit a geographical area where Newfield conducts business. Programs should benefit members of those communities.
• All organizations must submit applications for funding each year.
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Our annual "steps toward funding" are detailed below:
• In July, our employees are asked which charities they would like the Foundation to consider funding.
• In August, a response is provided to charitable organizations which inquired about a donation from Newfield throughout the year. The following must be returned:
1. An organizational budget for the current year and proposed budget for the next year.
2. Evidence of 501(c)3 status.
3. Current list of board members.
4. Completed application postmarked by September 30. Applications after this date will not be eligible. Annual submission of an application is required.
• In October, the Foundation Advisory Committee reviews applications.
• In November, recommendations and donation levels are summarized and submitted to Foundation Directors for review and approval.
• In January of the following year, all approved organizations are contacted regarding the status of their application.
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