This year, nonprofits that seek funding from GKVF will have to outline on a grant application what forms of community wealth their projects will impact.
Thomas Watson, founder and executive director of the Asheville, N.C.-based Rural Support Partners, explained to attendees that the new grant application process represented a shift in thinking from giving away money to investing in social change.
He likened the new process to buying stocks and then checking to see if you have gained money in the stock market.
The new grant application will focus on how much work nonprofit organizations do, how well they do that work and what change will occur because of the work, Watson said.
Deb Weinstein, executive director of the YWCA of Charleston, said the new grant application process makes nonprofit officials think outside of the box about their programs. That's a good thing, she said.
"I actually love it that it isn't just about giving out money," Weinstein said. "If they can begin to show that most of their dollars are staying [with] the community and making the community better, then the community is likely to be more willing to donate money."
Gazette reporter Kate Long contributed to this report. Reach Lori Kersey at lori.ker...@wvgazette.com or 304-348-1240.