Thank you to everyone who came to the Haile Fellowship Information Session. If you were unable to make it, no problem; we have a list of questions that were asked, and the corresponding answers. As an additional resource, the info session was recorded. View it here.
As always, contact email@example.com if you have any additional questions. Applications for the 2017 Haile Fellowship closes 1.27.17 at 11:00 AM.
Q: How long must you have lived in the I–275 loop to be eligible for a People’s Liberty grant?
A: No time limit. f you just moved to a new place inside the I–275 beltway yesterday (or by the time you submit your application) you are eligible.
Q: How many people are on the jury?
A: The panel will consist of five individuals.
Q: Could my Fellowship project be marginally commercial?
A: Yes but… People’s Liberty does not fund startups, businesses or non-profits (new or existing). We fund people who have good ideas for civic projects. If you are selected for the Fellowship, and you find that starting a non-profit or a business makes sense down the line, we will work with you to achieve those next steps.
Q: What if you have a member of your team who owns a small business...is that person also required to quit their job for a year?
A: The Fellowship is for an individual. One person. No team. You will be encouraged to build a team around you to offer you guidance and/or project support. However, only you, the Fellow will be required to put your job on pause for the year.
Q: What if you are that person with the small business and you are applying?
A: You must quit your job for the, year (April 2017 through April 2018).
Q: How does the jury review applications?
A: Our panelists have a list of criteria they use when scoring applications. The panel looks at criteria such as: Is the idea feasible; can the idea be implemented and completed within 12 months and with $100,000; is your idea distinctive and innovative; does the idea solve a problem or seize an opportunity; what kind of impact will the idea have on Greater Cincinnati and its residents; does the idea inspire others to join, respond or act, etc.
Q: Is there anything that prohibits the Fellow from additional fundraising (or finding additional funds) over the course of their Fellowship?
A: Yes. People’s Liberty is funding you to go complete a $100K idea. We believe that amount of money can help you accomplish great things. You should not burden yourself with fundraising during your Fellowship year. If you want to keep your idea going after your Fellowship year, we will work with you to achieve those next steps.
Q: Do you provide any feedback to those not selected for the Fellowship?
A: Yes. If you’re not selected, you will have an opportunity to sit with us and discuss the panel’s feedback. Additionally, we will work with you to reformat your application, discuss other ideas you may have or find the program that might work best for your idea moving forward. We encourage all of our applicants to reapply. Be patient.
Q: Twenty minutes does not seem very long for a 1-on-1.
A: We are also available via email and phone for additional questions. You are also welcome to schedule another 1-on-1 to get more guidance and feedback. But please, be considerate of others and do not overfill the 1-on-1 calendar.
Q: In the application, you ask to include the names of three individuals whom I lean on for guidance... Do they have to live in Cincinnati?
A: No, they do not.
Q: Does the idea or solution I implement have to be in Greater Cincinnati?
Q: Can the applicant use his/her owned real estate as part of the idea?
A: Come talk to us about this. We recommend not to use funds to either buy a car or a place or renovate a car or place you already owned. The jury will raise an eyebrow.
Q: Once I start working on my application on grantcycle.org, is there a way to save my progress?A: Yes. Your application will save automatically, and there is a “Save Draft” button on the upper right corner just in case. You can also download a PDF of your application as you are working on it.
Q: Is the $100K taxable?
A: Yes. We recommend each applicant talk to their tax authority. A couple of things…$100,000 will come to you. A portion of that you will keep for your salary, and most of it will go towards your idea. Your salary is income and that will be taxable income. Also, there will be two tax years (2017 and 2018) to consider. Keep track of your expenses. It is your responsibility to keep good records. And we highly recommend you meet with your tax accountant. We can only give so much advice.
Q: Let’s say I budget $50,000 in expenses, but I end up getting most of those expenses donated. Would I just keep more money for myself? Is that good or bad?
A: If people want to donate things towards the development of your project...great! That means you have more money to use towards making your project even stronger. However, don’t spend your time chasing donations. Use the year to go and do. Make the best use of the $100,000.
Q: Are the 1-on-1’s truly 1-on-1’s?
A: Yes! Unless you bring someone with you ;)