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Frequently Asked Questions
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How does funding work? Do we need to repay the investments?Nonprofit investments will be structured as grants. For-profit ventures will be given the investment in the form of a forgivable loan which is only collected if the enterprise is successful. In other words, be bold! We want you to feel empowered to take a risk in your creative pursuits to help people like Maude.
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Who can apply?Nonprofits, for-profits, and individuals. If an individual is chosen for Maude's Venture's, they may be asked to create an LLC or similar entity to be the recipient of the investment.
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Who will evaluate applications?Three groups will offer input on the evaluations - a team of people living with dementia and their care partners, the Maude’s Awards advisory board, and the Richard and Maude Ferry Foundation board.
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Will the finalists be asked follow-up questions?Yes. We will reach out to our finalists with follow-up questions and possibly an interview.
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How do I apply?Submit an application online or via email.
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When can I apply?Applications will open on April 14th and remain open until July 14th.
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Can those who live internationally apply?We can only accept international applications if the applicant has an equivalency determination or a partnership with a US-based 501(c)(3) with a "friends of" status through which the funds can be distributed.
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Who do I reach out to with questions?Please email Anya Wilkins at anya@maudesventures.org.
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