Grants will be available to BSU registered student organizations or individuals that are working on a philanthropic project or initiative. If a student or group of students who are not a part of a recognized student organization would like to apply for a grant, they must receive a sponsorship or endorsement from an on campus academic department or student affairs department by obtaining at least 2 signatures (one from a chair or director and one from a financial or administrative staff member in the department). Once an organization or individual receives a SPB Grant, the funds must be used within one year of receipt of funds. If an organization or student does not spend the money within one year, they may be eligible for an extension by appealing to the SPB Grant Committee. The organization or individual will not be eligible to receive another grant from the SPB for two years following a funding award from the SPB.
Any organization or initiative affiliated with the SPB may still apply; however, those within the committee that are involved with the respective organization must recuse themselves from the hearing and decision-making process to avoid bias. For the first year, $12,500 will be available, to be awarded in the spring of 2023. For all subsequent years, $25,000 in grant money will be available, with half awarded during the fall semester and half in the spring semester. Applicants may apply for a maximum amount of $12,500, but final decisions regarding the award amount will be left to the discretion of the SPB.