The Cedar Falls Health Trust Fund Board was established in January of 1997 to make recommendations to the City Council for the expenditure of income from a public trust fund established for health-related purposes within the city. The principal was derived from the sale of assets from Sartori Memorial Hospital. The Trust Fund Board is empowered to recommend to the City Council the expenditure of the interest income derived from the trust to be devoted to projects or programs that will address health or health-related issues within the city of Cedar Falls.
The Cedar Falls Health Trust Fund Board is currently seeking applicants. Individuals or organizations interested in seeking funding from the Health Trust Fund should submit an application to the Department of Administrative Services before 4:00 pm on Thursday, October 3, 2013. The application requires that the applicant complete a Health Trust Fund Board application packet, which may be obtained from the Department of Administrative Services, City of Cedar Falls, 220 Clay Street, Cedar Falls, IA 50613 or by visiting the City’s website at www.cedarfalls.com/health.
The Health Trust Fund Board has established policies that will affect funding distribution. The maximum allocation of funding in a given year shall not exceed an amount determined annually based on the interest income generated by the Trust. The Health Trust Fund Board will have approximately $119,000 that will be available for distribution for the current year. In years past, the amount has been distributed to a number of different projects. Projects may be funded in full or partial amounts.
Requests must show a direct benefit to the citizens of Cedar Falls and emphasis must be given to health related purposes within the city of Cedar Falls. Capital projects will receive priority funding over financing of program or operation costs. All projects funded should not conflict with services provided by other agencies, and must provide a direct benefit to the citizens of Cedar Falls in the provision of health care services. Priority and emphasis will be given to groups that propose projects that use health trust funds to match other funding sources to complete projects. Applicants' financial needs for a project will be a consideration in determining funding priorities.
For further information, contact Jennifer Rodenbeck, City of Cedar Falls, Finance Manager/City Clerk, Cedar Falls, IA 50613, 273-8600.