An applicant for a foundation grant shall meet the following standards:
(1) If the applicant is an organization:
(A) Be a for-profit organization incorporated under the laws of the State or a nonprofit organization exempt from the federal income tax by the Internal Revenue Service;
(B) In the case of a tax exempt nonprofit organization, the organization shall have a governing board whose members have no material conflict of interest and serve without compensation;
(C) Have bylaws or policies that describe the manner in which business is conducted, prohibit nepotism, and provide for the management of potential conflict of interest situations; and
(D) Have at least one year’s experience with the project or in the program or activity area for which the request for grant is being made; provided that the foundation may grant an exception where the requesting or proposing organization has demonstrated the necessary experience in the program area.
(2) If the applicant is an individual, the applicant must be determined by the foundation to be:
(A) Professionally recognized in the field of culture and the arts or history and the humanities; and
(B) Qualified to carry out the activity or program proposed for delivery to the general public or specified members of the general public.
