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  2. Project Cornerstone: Eligibility & FAQs

Project Cornerstone

Project Cornerstone is an application-based program that offers annual funding of $100,000 to community groups or organizations that are fundraising for capital projects that benefit the people and the community.
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Eligibility criteria:

  • The project or program must support one of two priority areas:
    • Community and economic development
    • Youth and education
  • Funding used to build, expand and/or improve facilities that support the development of our communities and/or development and implementation of programs that  support the people in our communities.
  • Must benefit groups or many people in the community.
  • Must be a capital project or a one-time investment.
  • The majority of funds is directly utilized for the project or program, with minimal administrative costs.
  • Must be completed within one year of receiving Project Cornerstone funding. Receipts and invoices are required.
  • Provides the most exposure possible while maintaining Cornerstone Credit Union’s respected and professional image.
  • Project or program reflects positively on Cornerstone Credit Union. Key players in the project may be asked to co-operate with the credit union in publicity opportunities.

Funding will not be provided for:

  • Annual operating costs
  • Projects or programs that take place outside the Cornerstone Credit Union region
  • Previously funded projects

Additional information:

  • An organization can be funded more than once, but a project cannot.
  • While membership at Cornerstone Credit Union is not a requirement, preference will be given to our members when the final decision must be made between two comparable projects.

Applications will be accepted until June 30, 2024

FAQs:

Project Cornerstone is an application-based program that offers annual funding of $100,000 to community groups or organizations that are fundraising for capital projects that benefit the people and the community.
You can submit your application online, or pick up an application form to complete at your convenience and submit by mail, fax, or email. Or drop it off at your branch.
Email your name and contact information to community@cornerstonecu.com.
Funding can be awarded to one project if selected by the committee. Some projects only require a partial amount because additional funding is secured from other areas, therefore we can support more than one project with Project Cornerstone funding.
Thank you for your application. Every year Cornerstone receives many applications for worthwhile projects and programs, and unfortunately we are not able to support them all. Each application is evaluated based on eligibility and is reviewed against all other applications received, and projects are awarded based on their evaluation score. We encourage you to apply again!
This is not a requirement. As long as your community group or organization is raising funds for a capital project, you are eligible to apply.
Yes, groups or organizations that have received funding in the past can apply again - as long as it’s for a different project. A group or organization can be funded more than once, but a project cannot.
All applications will be reviewed and evaluated by a selection committee comprised of Cornerstone Credit Union Staff and Board Members. All candidates will be notified of the selection committee's decision prior to September 1, 2024.
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