Bank of Bermuda Foundation | Letter of Intent

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The Invitation Phase is defined by the Letter of Intent (LOI) which is new to The Foundation’s funding process. The Foundation seeks to identify those current partners with new proposal ideas, and or new partners, collaborations, programmes and or projects that offer the most promise for helping achieve the objectives defined within The Foundation’s Theory of Change.

An LOI can be submitted at any time during the year and applicants should receive a response to their LOI within one month. Based on the LOI, if there is agreement that the project is generally of interest to the Foundation, applicants will be asked to submit the on-line Grant Application by the next quarterly grant application date.

Letter of Intent (LOI) Requirements: Grant requests over $25,000 from new grantees or for grant activity NOT currently funded by the Foundation require a two-step process:

  • Submission of an on-line LOI for review and approval
  • Submission of an on-line Grant Application (following LOI approval)

Organisations can apply twice per year for grants over $25,000. Organisations can choose different focus areas per application.